3) Job Context & Major Challenges: Write the specific aspects of the job that provide a challenge (internal and external) to the jobholder in the context of the Business/Unit/Function/Department/Section

This role is an integral part of the Risk & compliance & is responsible for carrying out due diligence for the underlying security i.e. Real Estate Property and 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. The role holder is also responsible for providing and 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/she 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.

The major challenges to this profile include

• Self updation on economic / sectoral changes in the economy
• Customer Satisfaction: Internal as well as external customer satisfaction.
• Vendor Management: Seamless co-ordination with external entities.

Key Result Areas

Supporting Actions

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 locations
• Periodical review of the vendors for respective zones.
• Monitoring TAT
• Resolving valuation specific queries from respective locations.

Carry out technical evaluations of property to be held as security against mortgages / LAPs and home loans

Audit & Hind sighting

• Carrying out periodical audits of vendors for respective locations
• Carrying out monthly audit for sampled valuations, lease rentals for respective locations.

• Develop an MIS system to track TAT, price trends, valuer allocation %, collateral score data.
• Prepare MIS reports and trend charts on portfolio progress/variances/defaults for all the loans during their credit life cycle and present them to the team leader.

6) Relationships: Describe the nature and purpose of most important contacts or relationship (except superior/team members) with individuals, departments, organizations inside and outside of the organization, that job is required to interact with in order to deliver the job objectives

Relationship Type

Frequency

Nature

Internal

External