APSFC Assistant Manager

The APSFC Assistant Manager Andhra Pradesh State Financial Corporation (APSFC) is a state-owned financial institution in the Indian state of Andhra Pradesh. APSFC offers term loans to new and existing industrial units for setting up new projects, expanding existing units, modernization, and diversification. The corporation provides working capital assistance in the form of cash credit, bank guarantee, letter of credit, and other facilities to meet the short-term financing needs of industrial enterprises.

Post Name: Assistant Managers

Post Date: 31-05-2023

Total Post: 20

Important Dates

Apply Online 31-05-2023
Last date of Submission of Application 30-06-2023
Last date for Payment of Application Fee (ONLINE remittance only through Net Banking/Debit Card) 30-06-2023
Mode of Registration or Payment Online
Online test (tentative) Month of July, 2023

Qualification

  • Asst. Manager (Finance) – CA (Inter) or CMA (Inter) or MBA or PGDM
  • Asst. Manager (Technical) – B.Tech (Mechanical / Civil Engineering), Post Graduate
  • Assistant Manager (Law) – Graduate Degree in Law

Age limits

Cadre Minimum Age Maximum Age
Assistant Manager 21 30

Application Fee

 ST/SC Rs. 354/-
General Rs. 590/-
Payment Mode Online

APSFC Assistant Manager

The APSFC (Andhra Pradesh State Financial Corporation) Assistant Manager is a managerial-level position within APSFC, a government-owned financial institution. The Assistant Manager plays a vital role in the organization’s operations and is responsible for various tasks and responsibilities.

Credit Evaluation: Assistant Managers analyze loan applications, evaluate creditworthiness, and assess the viability and risk associated with lending to businesses or individuals. They review financial statements, collateral, and other relevant documents to make informed lending decisions.

Loan Disbursement: Assistant Managers handle loan disbursement activities, ensuring that approved loans are disbursed in accordance with the organization’s policies and procedures. They coordinate with borrowers, legal teams, and other departments to facilitate smooth loan disbursal processes.

Relationship Management: Assistant Managers maintain relationships with existing borrowers, providing guidance and support throughout the loan tenure. They address customer queries, resolve issues, and ensure customer satisfaction. They may also explore opportunities for cross-selling financial products and services.

Risk Management: Assistant Managers monitor loan portfolios, identify potential risks, and take proactive measures to mitigate them. They conduct regular reviews and assessments to assess the performance and health of the loan portfolio.

Financial Analysis: Assistant Managers perform financial analysis, including ratio analysis, cash flow analysis, and profitability analysis of loan applicants. They use this analysis to assess the financial health and sustainability of businesses and individuals seeking loans.

Documentation and Compliance: Assistant Managers ensure compliance with legal and regulatory requirements. They review and prepare loan documentation, contracts, and agreements to ensure accuracy and adherence to guidelines.

Reporting: Assistant Managers prepare reports on loan applications, disbursements, portfolio performance, and other relevant aspects. They present these reports to senior management and participate in meetings to discuss loan portfolios and strategies.

Qualifications and Skills

Educational Qualification: A bachelor’s degree in finance, commerce, business administration, or a related field is typically required. Additional qualifications such as an MBA or professional certifications in finance or banking may be advantageous.

Experience: Previous experience in credit analysis, lending, or financial services is preferred. The specific experience requirement may vary based on the position level and organization.

Analytical Skills: Assistant Managers should have strong analytical skills to assess financial statements, evaluate creditworthiness, and identify potential risks.

Communication and Relationship Management: Excellent communication and interpersonal skills are essential for effectively interacting with borrowers, colleagues, and stakeholders.

Knowledge of Financial Products and Regulations: Assistant Managers should have a good understanding of various financial products, lending practices, and relevant regulatory guidelines.

Salary APSFC

Salary can range from approximately Rs. 35,000 to Rs. 50,000 per month at the entry-level. This range may vary depending on the factors mentioned earlier. With additional experience and promotions, the salary can increase further. Assistant Managers may also be entitled to various allowances and benefits, such as Dearness Allowance (DA), House Rent Allowance (HRA), Medical Allowance, and other perks as per the organization’s policies and government regulations.

The salary of an APSFC Assistant Manager can vary based on factors such as experience, qualifications, and the organization’s pay structure. It’s recommended to refer to official notifications or contact the APSFC authorities to obtain accurate and up-to-date information about the salary and benefits associated with the Assistant Manager position. The APSFC Assistant Manager role, and the specific responsibilities, qualifications, and salary structure may be subject to change. For the most accurate and detailed information, it’s advisable to refer to official APSFC notifications, job descriptions, or contact the APSFC directly.

The workload of an Assistant Manager at the Andhra Pradesh State Financial Corporation (APSFC) can vary based on various factors, including the specific department, the nature of responsibilities, and the overall work environment. While the exact workload may vary for each individual.

  • Financial Analysis and Decision-making: Assistant Managers at APSFC are responsible for conducting financial analysis, evaluating loan applications, and making informed decisions regarding loan approvals. This involves assessing the financial viability of projects, analyzing financial statements, and conducting risk assessments. The workload can vary based on the volume of loan applications and the complexity of financial analysis required.
  • Loan Processing and Documentation: Assistant Managers handle loan processing, including verifying documentation, coordinating with clients, and ensuring compliance with the necessary legal and regulatory requirements. This involves thorough documentation review, maintaining accurate records, and coordinating with internal and external stakeholders. The workload can be influenced by the number of loan applications and the level of detail required in documentation.
  • Relationship Management: Assistant Managers at APSFC maintain relationships with existing clients, address client queries and concerns, and provide assistance in managing their financial needs. This can involve regular communication, conducting site visits, and providing support throughout the loan lifecycle. The workload may vary based on the number of clients to be managed and the level of customer service required.
  • Team Collaboration: Assistant Managers often work as part of a team and collaborate with colleagues, including other Assistant Managers and higher-level managers. This involves coordination, sharing information, and contributing to team goals. The workload can be influenced by the level of collaboration and coordination required.
  • Reporting and Analysis: Assistant Managers may be responsible for generating reports, analyzing financial data, and providing insights to senior management. This can involve preparing periodic reports, conducting financial performance analysis, and presenting findings. The workload can vary based on the reporting requirements and the frequency of data analysis.

The complexity of financial transactions, and any specific targets or deadlines set by the management. Assistant Managers at APSFC are expected to have strong analytical skills, attention to detail, and the ability to manage multiple tasks efficiently to handle their workload effectively.