India Job Openings

Arka Fincap

Technical Manager

September 6, 2024

Job Information
    Industry
    Financial Services
    Work Experience
    3-5 years
    State/Province
    Delhi
    City
    New Delhi
    Zip/Postal Code
    110060
    Country
    India
    Grade
    Manager
About Us
Arka Fincap Limited is a customer - focused, digitally enabled, systemically important Non-Banking Finance Company (NBFC). We provide secured and unsecured financing solutions to MSMEs, SMEs, developers, and corporates. An RBI-licensed company, Arka was founded in 2018. We pride ourselves in offering innovative financing solutions that enable our customer’s businesses by providing them with growth capital.

Arka has a borrowing of Rs. 2265 Cr from public sector units (PSUs), large private banks, small finance banks, fund houses and others. The AUM stands at Rs. 3960 Cr with the retail AUM increasing to 29%. (All these statistics are as of March 2023)


Crisil has assigned Arka a rating of AA (-) for the long-term borrowings and A1 (+) for the short-term borrowings.


Arka is currently present in 17 cities across West, South and North regions in India and has 300+ employees across all branches.


Arka is a subsidiary of Kirloskar Oil Engines Limited (KOEL).



Job Description
1. Set up Collateral Policy / processes for mortgages for respective state / region.
2. Scrutinising and assessing the property valuations and technical scrutiny reports submitted valuation vendor on daily basis for Resi, Commercial & Industrial properties
3. Identify shortcomings in Valaution reports and errors, if any, in technicla due diligence of the property.
4. Consider obsolence or deprectiaion factors while determining property market value.
5. Develop a defined deviation matrix along with technical policy and process notes.
6. Suggect necessary corrections in poloicies & procedures from time to time as per state specific bye-laws to resolve property deviations / mitigate related issues within the team as well as with the external agencies.
7. Manage Valuation vendors for their respective regions
8. Ensure meticulious compliance with entity's internal collateral management policy as well as regulatory guidelines.
9. Ensure compliance with benchmark turnaround time.
10. To monitor and maintain new vendor empanelment process, cost reduction analysis and TAT of Valuation
11. Visit properties for sample & exception cases to ensure detailed property due diligence.

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