RC - Area Legal and Technical Manager - Rural Credit
Job Description
About Rural CreditRural Lending is a part of Retail Credit and caters to all financial needs of the Rural Clientele including Farming community, Farm Mechanization ie Tractor & Harvestor, Traders & Processors mostly based out of Rural & Semi Urban areas along with the credit needs of the industries dependent on the Agriculture /allied activities and MSME businesses based in rural areas, and Micro Finance, which is Lending to economically active poor Women under Joint Liability Group.
About the Role
The Area Technical Manager manages the Legal Opinion and valuation and vendor management of the Rural Credit vertical for the designated geography. The Area Legal & Technical Manager is responsible for smooth functioning of the property appraisal part and hence managing the portfolio quality and also ensures adherence to the processes designed by the bank
Key Responsibilities
.Site visit for collateral properties on case to case basis having some critical observations in valuation report by vendor..Site visit to under construction projects received for APF approval to get the details about project progress, location, marketability of project, feedback about builder/project etc.
.Regular visits to CPC/ASC locations within the geography to resolve query of Sales/Credit team/Legal & TM of each location. Regular visit to vendor's office.
.Due diligence of project approval sent in Pragati application & further recommendations in Pragati for approval to approving authority.
- Liase with Advocates and Visit to Registrar's office where required as and when required
.Quarterly monitoring of progress of under construction projects approved in APF.
.Regular interaction with Legal & valuation agencies and brokers in different markets to get a sense on fair market values of properties in different geographies..Review of some sample Legal Opinion & valuation reports to have quality check of report in terms of reporting of deviations of construction norms as per local bye laws, sanction plan deviations, document due diligence, boundary and property area verification, demolition risk and any special comments made by the valuers in the valuation reports.
.Gather market intelligence with other financial institutions and entities to understand the market dynamics and risk trends, and to use necessary information for taking decisions on acceptance of collateral..Providing updates to Central Office about any changes required in Pragati application/existing process & real estate changes or development observed for geography.
.Training to Legal & Technical Managers, Sales /Credit Team about Pragati application & to keep them updated about recent updates about city specific changes in real estate market.
.Vendor Management including vendor empanelment, periodic review, Bill Payments & training of vendors.
Qualifications
Optimal qualification for success on the job is:- Bachelor Civil Engineering or Bachelor in Architecture is preferred or Full time Post Graduate
.Should have earlier efficiently managed a team of at least 4-5 people across geography.
Role Proficiencies:
For successful execution of the job, the candidate should possess: .Knowledge of Real Estate market for the geography.
.In depth knowledge about valuation, process & norms affecting valuation..Knowledge about construction items and cost of each item.
.Knowledge of regulatory guidelines and norms, local byelaws related to real estate.
.Good communication (both verbal and written) skill in both English and the local language.
- Knowledge of Credit Underwriting process & Operations would be added advancage