Associate Manager II

2 weeks ago


Bengaluru, Karnataka, India Navi Full time

About NaviNavi is one of the fastest-growing financial services companies in India providing Personal & Home Loans, UPI, Insurance, Mutual Funds, and Gold.

Navi's mission is to deliver digital-first financial products that are simple, accessible, and affordable. Drawing on our in-house AI/ML capabilities, technology, and product expertise, Navi is dedicated to building delightful customer experiences.

Founders:
Sachin Bansal & Ankit Agarwal

Know what makes you a "Navi_ite" :

  • Perseverance, Passion and Commitment
  • Passionate about Navi's mission and vision
  • Demonstrates dedication, perseverance and high ownership
  • Goes above and beyond by taking on additional responsibilities2.Obsession with high quality results
  • Consistently creates value for the customers and stakeholders through high quality outcomes
  • Ensuring excellence in all aspects of work
  • Efficiently manages time, prioritizes tasks, and achieves higher standards3.Resilience and Adaptability
  • Adapts quickly to new roles, responsibilities, and changing circumstances, showing resilience and agility
Responsibilities

:1.Own the Collateral Management Policy and maintain strong process controls for collateraltracking, management and disposal2.End to end management of valuations and collateral risk (legal and technical) for Home Loansbusiness, Collateral audits, Collateral evaluation process and validation of valuation and legalreports3. Develop and manage business relationship with valuation & Legal agencies to get reports andother deliverables with prescribed TAT and cost – across collateral types4. Own collateral segmentation based on property types, builder category and identify collateralwith high risks or in negative areas.5. Develop checks and process to control Fraud, build database and use market intelligence toidentity any early warning signals6. Keep track of the developments in real estate market and its impact on lending parameters,property valuations and other financial implications7. Build in-depth knowledge of risks associated with property types / projects / markets /developers and come up with recommended exposure norms.8. Coordinate with product team for digitizing and automating collateral sanctions

Requirements:1. Combination of first principles thinking and knowledge of current practices2. Preferably B.E. Civil / B. Tech Civil / Civil Engineering.3. Knowledge of real estate norms / practices of different geographies such as Bangalore, Hyderabad, Chennai and MMR etc4. Knowledge on Legal scrutiny related to property, compliance matters with respect to collateral in mortgage business.
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