Technical Officer

Real Estate property is the underlying security for any secured mortgage based funding. Hence it becomes imperative to have underlying security to be legally, technically clear & fundable. Important aspects of real estate properties are valuation, compliances w.r.t. statutory permissions, physical condition. This can be done through approved valuers as well as in-house technical team.

This position is required to cater different businesses for “Aditya Birla Finance Ltd.” which majorly includes:

1. Construction Finance business
2. High Value Mortgage business
3. Retail Mortgage business
4. Home Loans
5. Corporate Finance Group
6. Any other division under Aditya Birla Finance Limited which deals with real estate related finance.

Areas of excellence Includes:

• Risk evaluation: Evaluation of different risks related to underlying security i.e. real estate property.
• Internal Controls / Audits: Carrying out audits to check security, integrity related risks.
• Data & MIS Management: Portfolio Management.
• Vendor Management: Managing External Valuation Agencies.
• Turn Around Time (TAT): Maintaining requisite TAT through vendors.
• General administration: Real Estate Updates, Maintaining zone Base Master.

2) Dimensions: Mention quantitative or qualitative parameters that are relevant for the job and provide a better understanding of the scope and scale of the job.  

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As the debt arm of Aditya Birla Financial Services Group (ABFSG), Aditya Birla Finance Limited (ABFL) offers specialized lending and financing solutions in the areas of Capital Markets, Corporate/ Trade Finance, Commercial Real Estate and Mortgages. Currently ranked within the top 25 NBFCs of India, we have made significant progress and our balance sheet at INR 15,000 Cr plus exceeds that of several mid-sized Banks and NBFCs. 

A well established brand and top 3 player in the Capital Markets space, today our product suite comprises of a well-diversified look, with equal weightage and focus given to the 3 lines of business

Having seen a y.o.y cumulative growth of 50% in both top-line and bottom line, sustainable profitability continues to be the key management agenda.  

The company has a well-defined vision of being one of the most reputed and material financiers within the lending space – spread across both retail HNI and corporate clientele. We have made significant investments in our process and system infrastructure towards preparing for the next level of growth and are one of the only financial entities certified for ISO 9001:2008 across all our business processes. Spread across 18 cities, we plan on further diversifying our risk and revenue mix through expansion into new geographies and new product segments allowing our customers a one-window shop for all their financing needs.

The Risk and Compliance function is engaged in evaluating the creditworthiness of the loan applications for CMG, CFG, SME and Mortgage lending divisions considering the quantitative & qualitative factors like ownership, size & market presence of the client business, capital adequacy, collateral quality, earnings quality, liquidity, management quality & client credibility & adherence to statutory requirements.

The Risk & Compliance is engaged in formulating credit risk policies for all ABFL businesses, carries out risk assessment of credit proposals, obtains credit decisions from Credit Committees, monitors credit exposure and carries out recovery of over dues. It formulates risk policies in association with Central Risk, ABFSG for overall risk management in ABFL. 

Credit / Loan proposals prepared by Business Credit team are critically analyzed from credit risk perspective and the proposals along with Risk Assessment Sheet are put upto to Credit Committee for approval. While carrying out critical evaluation of the credit proposal the function also carries out evaluation of the risk mitigants in the credit proposal like the nature and the quality of the collateral, adequacy of the collateral, acceptability of the collateral given the regulatory and the compliance needs.

The Risk & Compliance function carries out monitoring of client wise exposure and portfolio exposure to identify ‘early warning signals’ of stress and to minimize NPAs. Currently monitoring is done in association with Business Teams as RMG does not have presence at Branch level. It carries out over due loan recovery from defaulting clients in coordination with Business Teams.

Zonal Technical Manager – Real estate Valuation is an integral part of the Risk & compliance & is responsible for carrying out due diligence for the underlying security i.e. Real Estate Property & ensure that all information required to take a credit decision w.r.t. real estate property be provided to higher management. He is also responsible for maintaining TAT. The key aspect of due diligence is that underlying security i.e. real estate properties are compliant with local statutory norms & regulations & falls under acceptable norms as per ABFL as well as RBI/NHB. He will be catering different businesses coming under the roof of “Aditya Birla Finance Ltd.” List is mentioned above. He is also responsible for providing keeping updates about changes happening in statutory rules & regulations related real estate properties, real estate property rate movements, demand-supply analysis, impacts of economic changes on real estate property etc. In all he has to provide inputs related to real estate property to higher management which will help them in decision making to improvise TATs of the overall sanction process.

This profile would require an understanding of following types of properties:

• Residential Property – under construction & completed.
• Commercial Property – under construction & completed.
• Industrial Property including Warehouses
• Specific usage properties – schools, hospitals, hotels etc.
• Commercial Real Estate Projects – Residential, Commercial, Retail & Mixed development.

The role also requires an understanding of following types of transactions:

• Home Loans – Builder purchase,
• Loan Against Property
• Lease Rental Discounting
• Construction Finance

The major challenges to this profile include 

• Cross functional coordination to enable timely approval of proposals
• Regular updation on changing economic & Industry scenario.
• Monitoring TAT of valuations.
• Customer Satisfaction: Internal as well as external customer satisfaction.
• Vendor Management: Seamless co-ordination with external entities.

The critical skill sets are a strong analytical acumen, evaluation skills, detail orientation & decision making skills, initiative & target orientation & market intelligence developed through a strong industry network.   

The education & experience required to fulfil this profile are a Civil Engineer with minimum 5 to 8 years of experience. Total experience should be of good mix of construction as well as valuation. Valuation experience with Banks or NBFCs is preferable.

Policy & Process

• Preparing & review City Specific Process notes which can cater city specific deviations & mitigants for the same.

Inputs for updating technical policy, Vendor management Policy, Audit policy.

Vendor Management

• Vendor Empanelment for respective zones
• Periodical review of the vendors for respective zones.
• Monitoring TAT

Resolving valuation specific queries from respective zones.

Audit & Hind sighting

• Carrying out periodical audits of vendors for respective zones

Carrying out monthly audit for sampled valuations, lease rentals for respective zones/locations.

Construction Finance

• Visiting Construction Finance projects.
• Due diligence of all project approvals.
• Project analysis including evaluation of projects, project lifecycles, cost break-ups & Techno economic feasibility analysis.
• Preparation of primary Project Feasibility analysis for Construction finance / Debt Syndication proposals.
• Valuation of Construction Finance Projects, checking regulatory compliances w.r.t. permissions & Development Control Regulations of authorities.
• Preparing project life cycles & Milestones.
• Monitoring periodically the progress of projects & end use of funds for all construction finance cases.

Quarterly progress report for construction finance projects.

Mortgages / Home Loans / CFG/CMG

• Checking & validating valuation reports given by valuation agencies.
• Setting up of city specific process notes to identify city specific deviations & providing solutions for the same.
• Ensuring compliance with technical norms for the area in line with those set out as per the process.

Timely collection and updating the amendments in development control regulations affecting real estate sector.

Approved Project Facility

• Getting project reports from valuation agencies.
• Periodical maintenance & circulation of MIS for APF projects.
  1. Periodical monitoring of all APF projects & updating the management about progress.

Portfolio Analysis

• Revaluation of portfolio as per approved revaluation policy.
• Monthly sampling & audit for valuation reports.

1. Any other type of analysis.

Database / MIS Management

MIS for respective Zones

• MIS for APF (Monthly)
• MIS for vendor (Half-Yearly)
• MIS for Advance Disbursement Facility cases (Monthly)
• MIS for delay in disbursement for under-construction cases (Half-Yearly)

2. MIS for progress for construction finance projects (Quarterly)

Regional / Area Technical managers, based out of the respective locations.

Internal

1. Head Technical

1. National Risk Head (Mortgages / HFC / CF)

1. Regional Credit Manager (Mortgages/HFC/CF)

1. Business Head (Mortgages/HFC/CF/CFG/CMG)

1. Daily / Weekly

1. Need Based

1. Need Based

1. Need Based

1.MIS, intimation in cases requiring management      intervention

2. Recommendations on loans, ongoing portfolio/client reviews, documentation audits
3. MIS, intimation on major shortfall/skips/defaults in portfolios 
4. MIS initimation cases by case, follow up the cases, Documentation.

External

1. External Vendors

1. Regulatory authorities

1. Peers / Competition

1. Daily / Weekly

1. Need Based

1. Need Based

       Documentation, intimation in case of shortfall

Real Estate property issues, valuation issues, Due Diligence, audit etc.

       Document verification, changes in statutory norms

Job Holder

Reports to – Manager 

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