Technical Officer/Manager - Mortgage Valuation Group
Essential Services : Role & Location fungibility
At ICICI Bank, we believe in serving our customers beyond our role definition, product boundaries, and domain limitations through our philosophy of customer 360-degree. In essence, this captures our belief in serving the entire banking needs of our customers as One Bank, One Team. To achieve this, employees at ICICI Bank are expected to be role and location-fungible with the understanding that Banking is an essential service. The role descriptions give you an overview of the responsibilities, it is only directional and guiding in nature.
About the role
As a Technical Manager, you are entrusted with the vital responsibility of making ICICI Bank a preferred bank for the customers. In this role at ICICI Bank, your key responsibilities will include evaluation of properties offered as collateral for loan applications and adherence to company policies & regulatory requirements. This further includes conducting comprehensive assessment & evaluation of properties using suitable methodologies of valuation & study of micro markets and regulatory compliance to prevent frauds.
As a Technical Manager, you are expected to stay updated on industry trends, regulatory changes, and best practices in the industry and recommend process improvement to enhance efficiency and effectiveness.
Key Responsibilities
• Collateral Valuation: Evaluate collateral offered by borrowers to secure loans, ensuring that it provides adequate security for the loan amount and complies with internal policies and regulatory guidelines. Scrutiny of title document during preparation of valuation report.
• Decision making : Make sound decisions based on thorough analysis and risk assessment, balancing the organization’s objectives with prudent risk management practices.
• Collaboration : Candidate must foster collaborative and high-performance work environment.
• Mortgage Valuation : Fair understanding on methodologies of valuation.
Qualifications & Skills
• Educational Qualification : B.E/B.Tech (Civil Engineering) or equivalent degree with relevant experience.
• Communication skills : Good written and verbal communications skills to interact with internal and external customers.
About the Business Group
ICICI Bank’s Mortgage Valuation Group function plays a pivotal role in the overall business strategy. MVG caters to evaluation of properties in all loan requirements of the bank like mortgage loan, business loan, construction funding loans etc. Mortgage Valuation Group is crucial for bank for several reasons such as Risk Assessment & Fraud Management, Assessment of collateral cover, Economic Growth and Regulatory Compliance.