Chief Manager - Impaired Loan Accounting Group - Bank

Looking for Chief Manager for a leading Banking client to be based at Mumbai.

- The candidate must be conversant with RBI Guidelines on Income Recognition and Asset Classification (IRAC) norms.

- The candidate must be aware of all the products/services and facilities offered by the bank.

- The candidate must possess work experience in Finance Group of a bank/NBFC/Credit Rating Agencies covering financial sector/BFSI.

- The candidate will be working for the ILAG (Impaired Loan Accounting Group) which is responsible for identification, classification and provisioning of non-performing assets of the bank.

Responsibilities of the team are :

1. Analyzing and implementing restructuring proposals including compliance with Reserve Bank of India (RBI) guidelines.

2. Computation of diminution in fair value of restructured loans and specific provisions thereon. (Automation for the same to be done as per RBI mandate)

3. Performance monitoring of restructured loans.

4. Ensuring post implementation compliance of restructuring package is adhered to.

5. Preparation of :

a) Regulatory returns pertaining to restructured assets as required by RBI.

b) Budget MIS on restructuring for the CFOs office.

c) Notes forming part of accounts pertaining to restructuring.

d) Early mortality note on restructuring.

6. Clearance of credit proposals from the view point of asset quality (considering terms relevant to NPA and restructuring).

7. Calculating provisioning for impaired loans including those sold to asset reconstruction companies under US GAAP.

8. Preparation of TDR disclosures under US GAAP.

9. Production and analysis on NPA reporting of the Bank's retail portfolio.

10. Production and analysis of NPA movement of Bank's retail portfolio.

11. Production and analysis of financial reports leading to MIS for senior management review.

12. Understanding and preparing various regulatory reports for submission to Reserve Bank of India.

13. Participating in on-going automation of MIS and improving the quality of information produced.

14. Budgeting for retail NPLs -- Providing overview of the P&L impact along with variance analysis of actual v/s the planned numbers

15. Accountability for all MIS planning related business case development and management

16. Assess monthly Budget plans vs. execution / rollouts in company and report gaps / fulfillment

17. Developing and enhancing quality of reports to help users in cost control, business planning and management

18. Establishing mechanisms to gather competitive intelligence, assess and report the same to business on a periodic basis.

Candidates from Premier B-Schools/ CAs only will be entertained.