Ananya Finance - AVP - Credit Management - Microfinance

Ananya Finance for Inclusive Growth Pvt Ltd

Location: Head Office, Ahmedabad

Title AVP - Credit Manager (Microfinance)

Reports Directly To Head - Credit & Risk

Background

Ananya Finance for Inclusive Growth Pvt. Ltd. (www.ananyafinance.com) 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 role

Eligibility :

- 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.