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:

1. Monitor all aspects of the loan performance of buyout portfolio which includes collection & updation of payments.
2. 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.
3. Key role responsibility is to ensure smooth Onboarding securitization Pool in Finone system & need to monitor the loan account including tracking of income
4. 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

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:

1. Corporates
2. SME
3. Ultra HNI
4. 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:

1. Supporting & Working closely with Buyout Manager to drive the growth of the securitisation portfolio (DA & PTC) and execution of DA & PTC transactions
2. Co-Ordinating with Originator, Credit and Legal Team for On-Boarding new Originator / Clients and continuous monitoring.
3. Validating & Updating monthly payout calculation reports along with future cash flows factoring prepayments within the TAT.
4. Liaising with originators, investors and rating agencies.
5. Keeping a regular monthly check on base rate change, ROI update, tenure change, foreclosures and preparing revised repayment schedule
6. Tracking all Overdue accounts and reporting key insights 
7. Sharing Lan wise TDS working & Certificates to Operations
8. Regularly monitor the performance of the existing securitisation exposures and highlight triggers through Dashboard MIS
9. Responding and Resolving to any queries/clarifications sought by the Originator.
10. Timely resolution of the queries raised by internal audit, regulatory audit, other stakeholders etc
11. Working with IT on specific projects / system enablement relating to the securitization product

Key Challenges

1. To monitor a large number of critical variables with respect to Securitization 
2. To manage Monitor Monthly payout files and future cash flows
3. To ensure accuracy in the reconciliation of monthly payout files & tracking lan wise income transfer by originator
4. To share key insights with leadership on Buyout portfolio to enable strategic decision making
5. With several systems and processes still being incorporated, buyout portfolio manager must be able to balance priorities of sales governance 
6. o    Timely resolution of the queries raised by internal audit, regulatory audit, other stakeholders etc

4) Principal Accountabilities

Onboarding Securitization Pool 

1. Onboarding securitization deal on loan management system by generating structured amortization schedules based on the deal structure
2. Supporting & Working closely with Buyout Manager to drive the growth of the securitization portfolio (DA & PTC) and execution of DA & PTC transactions
3. Co-Ordinating with Originator, Credit and Legal Team for On-Boarding new Originator / Clients and continuous monitoring.

Buyout Portfolio Monitoring

1. To monitor Buyout portfolio which include Onboarding securitization deal on loan management system by generating structured amortization schedules based on the deal structure.
2. Keeping a regular monthly check on base rate change, ROI update, tenure change, foreclosures and preparing revised repayment schedule
3. Adjusting partner payments against LANs and preparing payment files for Operations team
4. Sharing Monthly portfolio Dashboard including income details.
5. Sharing Lan wise TDS working & Certificates to Operations
6. Tracking all Overdue accounts and reporting key insights 

Analytics & Goverances

1. Regularly monitor the performance of the existing securitization exposures and highlight triggers through Dashboard MIS
2. Responding and Resolving to any queries/clarifications sought by the Originator.
3. Timely resolution of the queries raised by internal audit, regulatory audit, other stakeholders etc
4. Working with IT on specific projects / system enablement relating to the securitization product

5)  Job Purpose of Direct Reports 

NA

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

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Name

Job Holder : 

Job Holder’s Superior : 

Date