Location
India | India
Job description
Job Description
Job Title
Buyout Portfolio Manager
Function
Mortgages
Department
Mortgages
Reporting To
(Title)
Lead - MIS, Sales Governance & Retention
Superior's Superior
(Title)
Head - Mortgages
Unit
Aditya Birla Finance Limited
Location
Mumbai
Business
Financial Services
Date
Code:
1) Job Purpose
The purpose of this job is:
- Monitor all aspects of the loan performance of buyout portfolio which includes collection & updation of payments.
- Ensure portfolio administration and risk management of each client relationship follows established internal policies, procedures and business strategy as well as statutory and regulatory guidelines.
- Key role responsibility is to ensure smoothOnboarding securitization Pool in Finone system & need to monitor the loan account including tracking of income
- Need to confirmBalance to Originator & Audit queries related to Buyout Pool
2) Dimensions What are the areas (in quantitative terms) the job has an impact on |
Function | Dept. | Section | Remarks |
(As applicable) |
1. | Manpower (Nos.) | - | NA |
A | Management | - | NA |
B | Staff | - | NA |
C | Worker | - | NA |
D | Contract | 1-2 | 2 Off role employees |
Total | 1-2 |
2. | Other Relevant Parameters (Capacity/Volumes/Budget) |
A | Onboarding securitization Pool | 100% | Branch/ Region/ Zone MIS on Book Size/ NII/ PF Targets RM/ BDM/ RSM/ ARSM/ ZM wise |
B | Monthly Pay-out processing | 100% | 100% |
C | Tracking Foreclosure ,Part payment & ROI Change | 100% | 100% |
D | Tracking & Reconciliation of Income (NII +FC ) | 100% | Defined TAT |
E | Sharing Lan wise TDS working & Certificates to Operations | 100% | Defined TAT |
3) Job Context & Major Challenges
(What are the specific aspects of the job that provide a challenge to the jobholder in the context of the Unit/Zone)
Aditya Birla Finance Limited ('ABFL'), a subsidiary of Aditya Birla Capital Limited, is among the leading well-diversified non-banking financial services company in India. ABFL offers end-to-end lending, financing, and wealth management solutions to a diversified range of customers across the country. ABFL is registered with RBI as a systemically important non-deposit accepting non-banking finance company ('NBFC') and is amongst the top three largest private diversified NBFCs in India based on AUM.
Headquartered in Mumbai,Aditya Birla Finance Limited Mortgages offers end-to-end lending solution such as Loan against property, Lease rental discounting ,Commercial purchase & Construction Finance products to diverse set of customers .The Company caters to the following diverse set of customers:
- Corporates
- SME
- Ultra HNI
- Retail / Business Owner / Micro Enterprises
ABFL Mortgages has completed 10 th year of operation and has maintained NPA much below industry trend . Post Demonetization & liquidity crunch, industry NPA had shot up whereas ABFL Mortgages NPA was very much in control, well below 1.80% , whereas industry average of 3.3%.
Mortgage loan portfolio registered a strong CAGR rate of 27% from Rs 1,410 Crore in FY13 to Rs 15,039 Crore in FY23.
Including C.F & SEG Verticals its Over all Book size stands at 19,012 Cr's as of 31 st Dec 22.
ABFL mortgages has expanded its geographic footprint to 60+ locations and is rapidly penetrating into retail segment, without loosing its coveted position in institutional segment. This is a unique case in itself whereas in industry, most of the NBFCs are skewed towards retail only.
Job Context
Key facts:
- Supporting & Working closely with Buyout Manager to drive the growth of the securitisation portfolio (DA & PTC) and execution of DA & PTC transactions
- Co-Ordinating with Originator, Credit and Legal Team for On-Boarding new Originator / Clients and continuous monitoring.
- Validating & Updating monthly payout calculation reports along with future cash flows factoring prepayments within the TAT.
- Liaising with originators, investors and rating agencies.
- Keeping a regular monthly check on base rate change, ROI update, tenure change, foreclosures and preparing revised repayment schedule
- Tracking all Overdue accounts and reporting key insights
- Sharing Lan wise TDS working & Certificates to Operations
- Regularly monitor the performance of the existing securitisation exposures and highlight triggers through Dashboard MIS
- Responding and Resolving to any queries/clarifications sought by the Originator.
- Timely resolution of the queries raised by internal audit, regulatory audit, other stakeholders etc
- Working with IT on specific projects / system enablement relating to the securitization product
Key Challenges
- To monitor a large number of critical variables with respect to Securitization
- To manage Monitor Monthly payout files and future cash flows
- To ensure accuracy in the reconciliation of monthly payout files & tracking lan wise income transfer by originator
- To share key insights with leadership on Buyout portfolio to enable strategic decision making
- With several systems and processes still being incorporated, buyout portfolio manager must be able to balance priorities of sales governance
- o Timely resolution of the queries raised by internal audit, regulatory audit, other stakeholders etc
4) Principal Accountabilities
Accountability
Supporting Actions
Onboarding Securitization Pool
- Onboarding securitization deal on loan management system by generating structured amortization schedules based on the deal structure
- Supporting & Working closely with Buyout Manager to drive the growth of the securitization portfolio (DA & PTC) and execution of DA & PTC transactions
- Co-Ordinating with Originator, Credit and Legal Team for On-Boarding new Originator / Clients and continuous monitoring.
Buyout Portfolio Monitoring
- To monitor Buyout portfolio which include Onboarding securitization deal on loan management system by generating structured amortization schedules based on the deal structure.
- Keeping a regular monthly check on base rate change, ROI update, tenure change, foreclosures and preparing revised repayment schedule
- Adjusting partner payments against LANs and preparing payment files for Operations team
- Sharing Monthly portfolio Dashboard including income details.
- Sharing Lan wise TDS working & Certificates to Operations
- Tracking all Overdue accounts and reporting key insights
Analytics & Goverances
- Regularly monitor the performance of the existing securitization exposures and highlight triggers through Dashboard MIS
- Responding and Resolving to any queries/clarifications sought by the Originator.
- Timely resolution of the queries raised by internal audit, regulatory audit, other stakeholders etc
- Working with IT on specific projects / system enablement relating to the securitization product
5) Job Purpose of Direct Reports
NA
6) Relationships (If Applicable) |
Internal | Frequency | Nature |
Sales Team, Risk/Operation/Collection Teams Finance/ Treasury Product & Policy Team | Daily/Weekly Need Based | Payouts Files / TDS related/DPD Product, Policy documents |
External | Frequency | External |
Originator/SPV /Trustee Auditors | Daily/Weekly Need Based | Payout file/Amort schedule/TDS Certificate Provide data inputs |
SIGN-OFF |
Signature |
Name | Job Holder : | Job Holder's Superior : |
Date |
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