Job Description

:

Job Title

Buyout Portfolio Manager

Function

Mortgages

Department

Mortgages

Reporting To

(Title)

Lead \xe2\x80\x93 MIS, Sales Governance & Retention

Superior\xe2\x80\x99s Superior

(Title)

Head \xe2\x80\x93 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 smooth Onboarding securitization Pool in Finone system & need to monitor the loan account including tracking of income
• Need to confirm Balance 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 (\xe2\x80\x9cABFL\xe2\x80\x9d), 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 (\xe2\x80\x9cNBFC\xe2\x80\x9d) 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 10th 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\xe2\x80\x99s as of 31st 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

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Name

Job Holder :

Job Holder\xe2\x80\x99s Superior :

Date

Aditya Birla Group