Asset Management Associate - NBFC

About the company

The company is one of India's leading NBFCs with a focus on lending to real estate developers across the country which includes leading properties in the office, retail, industrial and co-working sectors.

Key Responsibilities

- Deal Execution:

Pre-disbursement: Review of CPs and providing inputs on documents from an operational and compliance perspective

Post-disbursement monitoring: Closely monitor real estate projects through: Monthly evaluation of sales vs underwriting and sales cancellations, Collections monitoring to ensure no siphoning of funds, Conducting variance analysis of Construction, Marketing and Operating costs vis-a-vis underwritten costs, Half Yearly Financial health check of all borrowers at group level. Closely monitor non-real estate deals through Daily security cover check for loan against shares (LAS); Quarterly/Annual checks of Actual Financial ratios with underwriting

- Security validation: Carrying out periodic validation of security from ROC, SRO and physical inspections along with Legal

- Portfolio Management: Ensure compliance with all loan and security document covenants/conditions, timely security perfection and security cover maintenance. Conduct Annual internal valuation of the entire portfolio

- Target Achievement: Instructions to the Security Trustee including NOC issuance and Escrow Agent with respect to all transfers from and into the Escrow Account. Quarterly TDS follow ups on a timely basis. Quarterly ROC and CERSAI checks for security of entire portfolio

- MIS: Preparing draft of the AM update. Specific checks on any legal notices/actions. Review of Financial model and periodic checking of cover calculations. Conduct periodic audits of clients to check for utilisation of funds in accordance with agreements.

Defaults:

- Highlight early warning signals/potential event of default situation to Head, Deal Manager and CEO.

- Undertake and carry out measures to resolve potential and threatened defaults by persuading or forcing the developer after speaking with Head, Deal Manager and CEO

- Competition and deal activity: Provide inputs to deal team on competing deals and their performance (as known), provide business leads to deal team directly

Qualifications and Attributes:

- CA / MBA with 4-7 years of experience

- Proactive and should be able to work independently

- Energetic, Positive attitude, independent

- Analytical and high on communication skills