Poonawalla Fincorp - Policy Manager - Machinery Loans

Job Purpose : You will be responsible for developing & maintaining credit policies for Machinery /Equipment loan product, ensuring it aligns with the organization's risk appetite and regulatory requirements. You will play a crucial role in managing credit risk and maintaining a healthy credit portfolio in the unsecured business loans segment. You will work closely with various internal/external stakeholders to ensure prudent credit decision-making processes and foster sustainable business growth.

Principal Accountabilities :

a) Credit Policy Development: Develop, review, and enhance the credit policies & procedures for existing as well as new loan products in the machinery loan / equipment financing segments to maintain a balanced and effective risk management approach while supporting business objectives.

b) Portfolio Risk Assessment & Monitoring: Assess credit risk in the portfolio on an ongoing basis through in-depth analysis of good/bad segments of the portfolio. Establish credit monitoring mechanisms to track the performance of the credit portfolio and proactively identify potential areas of concern. Present portfolio performance and insights to senior management on monthly basis.

c) Data Analysis & Automation: Utilize data analytics to gain insights into credit trends, customer behavior, and portfolio performance, and use this information to optimize credit policy decisions. Collaborating with Data Science & Tech Team for increasing extent of automation and system decisioning to maximize the coverage of transactions through system. Developing, deploying, maintaining and updating scorecards / policy rules (BREs) in system. Ensure successful UAT is conducted for all BREs rules coded in the system.

d) Regulatory Compliance: Stay up-to-date with the latest regulatory guidelines and ensure the credit policy adheres to all relevant legal and regulatory requirements set forth by relevant authorities.

e) Cross-functional Collaboration: Collaborate with various departments, including Finance, Operations, IT, Data Analytics, Business, Credit and Collections, to integrate credit policy considerations into their respective functions.

f) Ad-hoc assignments: Ad-hoc assignments related to credit risk and portfolio analytics from time to time

Desired Profile :

- Minimum Qualification - Bachelor's degree in finance, economics, data science, IT (Master's preferred), CA, MBA

- Minimum 3 years of experience in retail lending space in risk and policy role for machinery loans, equipment financing, MSME loans at a Bank / Large NBFC; experience in portfolio risk analytics and system automation.

- Good understanding of Indian retail lending market including digital lending, fintech and MSME space.

- Candidate should possess effective communication and presentation skills, stakeholder management capabilities, inclination towards automation and extensive use of analytics.