Ananya Finance , AVP , Credit Management , Microfinance

  • 7-8 yrs
  • Not Disclosed

Job Description

Ananya Finance for Inclusive Growth Pvt LtdLocation: Head Office, AhmedabadTitle AVP , Credit Manager (Microfinance) Reports Directly To Head , Credit & RiskBackgroundAnanya Finance for Inclusive Growth Pvt. Ltd. ( is an NBFC set up by Friends of Women's World Banking , India (FWWB) in 2009, with the objective of reaching out to a large section of microfinance institutions (MFIs) and grass root entities. Ananya is one of the responsible NBFCs in India with the commitment to serve socially motivated bottom,line enterprises. It is also one of the few wholesale lenders that specializes in combining credit support with technical assistance to Microfinance Institutions, Agribusiness entities & SMEs. Roles & Responsibilities, The role encompasses management of Ananya Finance's microfinance portfolio built through BC relationships and co,lending., Ensuring high credit quality of the portfolio through prudent borrower selection, close monitoring of borrowers and taking appropriate recovery action in a timely manner is the primary requirement. , Credit assessment of NBFCs and MFIs would form the crucial part of the role as it enables selection of Business Correspondence,Co,lending partners. , The role also envisages formulation and constant refinement of credit criteria,policies in tune with the evolving industry landscape. , Furthermore, the role would require monitoring the performance of existing portfolio through constant interaction with clients and continuous data analysis to ensure high portfolio asset quality., This would also involve identification of early warning signals on stressed exposure and initiating appropriate steps to mitigate the identified risks., Preparation of detailed proposal notes along with recommendation, presentation to credit sanctioning committees and defending the recommendation at the committee., Undertaking client visits at pre,sanction stage and as a part of client monitoring process., Overall, the position is responsible for ensuring high credit quality of Ananya Finance's Microfinance loan portfolio.Allied responsibilities :, Prepare periodic reports on the performance and health of portfolio companies for circulation to internal stakeholders., Monitoring industry developments to detect potential risk factors that could impact portfolio companies and taking appropriate steps to mitigate the identified risks.Other responsibilities :, Ensuring high internal stakeholder satisfaction. , Ensure adherences to credit processes and policies., Keep close watch on turnaround time and ensure speed with accuracy., Compliance & risk responsibilities, loan documentation and audit query resolution., Adhering to the company's policies and ensuring compliance of the same.Educational Qualification and Experience :, CA,MBA,PGDBM from a reputed school. , Minimum of 7,8 years of experience in credit assessment of financial institutions with atleast 3 , 4 years of experience in assessment of microfinance institutions., Proven experience as credit manager and hand,on experience in products and credit processes in microfinance., Good knowledge of credit bureau data and KYC norms., Experience in writing analytical reports.Skills :, Strong ability to identify key risks relevant for decision making, Strong analytical skills backed by ability to form independent opinion based on available data and to articulate the opinion in a clear and concise manner while defending the case with the management,credit committee., Excellent attention to detail., Good communication skills & command over English., Computer skills viz MS Office., Good Interpersonal skills.Person Specification :, High levels of enthusiasm, self,motivation and a self,managing 'can do' attitude , High levels of determination and willingness to take on new challenges and responsibilities , Collaborative and supportive attitude in a team , Effective problem,solving skills, Proven ability to build strong and lasting relationships with a range of external,internal stakeholders and influence and negotiate with external,internal stakeholders to achieve positive outcomes, Excellent coordination, multitasking and organizational skills, Enjoy using own initiative and being creative , Effective team player, Willing to carry out any additional work, challenges and responsibilities relevant to the roleEligibility :, Ananya promotes gender diversity and would prefer applications from relevant applicants who embrace gender diversity., Qualified women candidates are encouraged to apply. Compensation offered :, The gross remuneration budgeted for this position is attractive., Offers shall be commensurate with the qualifications, experience and salary history, of the selected candidate.