Company: Laxmi India Finance Limited

Designation: Area Technical Manager

Department: Mortgage Loan / Loan Against Property (LAP)

Experience: 58 Years

Qualification: B.E. / B.Tech (Civil Engineering) preferred. Diploma in Civil Engineering with relevant experience may also be considered.

Location: Ahmedabad

1. Job Purpose

To manage and supervise technical property valuation and assessment activities for the Mortgage Loan portfolio across the assigned area. The role involves property inspections, valuation, verification of construction and physical status, identification of technical risks and ensuring accurate assessment of collateral security before loan approval and disbursement.
1. Key Roles & Responsibilities

A. Property Inspection & Valuation
- Conduct physical inspections of residential, commercial and industrial properties.
- Assess property market value, distress value and realizable value.
- Evaluate land area, built-up area, carpet area and construction quality.
- Assess the age, condition, structure and remaining useful life of the property.
- Verify property boundaries, access roads, location and surrounding infrastructure.
- Analyse prevailing market rates through comparable property transactions.
- Ensure accurate and realistic property valuation as per company guidelines.

B. Technical Due Diligence
- Verify the physical status of the property against available property documents and approved plans.
- Identify unauthorised construction, deviations, encroachments and structural issues.
- Check construction status, property usage and occupancy.
- Identify properties falling under restricted zones or having technical limitations.
- Highlight any discrepancies between actual site conditions and submitted documents.
- Assess the technical feasibility and marketability of the property offered as collateral.

C. Team & Vendor Management




- Manage and supervise technical officers and empanelled valuation agencies.
- Monitor the quality and accuracy of property valuation reports.
- Conduct random property re-inspections and technical audits.
- Ensure timely completion of property inspections within defined TAT.
- Develop and maintain a strong network of approved valuers.
- Train team members on valuation standards and technical assessment processes.

D. Coordination & Business Support
- Coordinate with Credit, Sales, Legal and Operations teams.
- Provide technical recommendations for mortgage loan proposals.
- Support the credit team in identifying potential collateral risks.
- Ensure timely submission of valuation reports to facilitate loan processing.
- Handle complex and high-value property valuation cases.
- Support business growth while maintaining the quality of the secured loan portfolio.

E. Risk Management & Compliance
- Prevent overvaluation and incorrect property assessments.
- Identify suspicious property transactions and valuation discrepancies.
- Ensure compliance with internal technical policies and valuation guidelines.
- Maintain proper inspection photographs, reports and supporting documents.
- Ensure independent and unbiased property valuation.
- Escalate high-risk properties and deviations to the appropriate authority.

1. Required Skills & Competencies

- Strong knowledge of real estate valuation and property assessment.
- Understanding of residential, commercial and industrial properties.
- Knowledge of civil construction, building plans and structural assessment.
- Understanding of land measurement, FSI, carpet area and built-up area.
- Knowledge of local property markets and prevailing market rates.
- Ability to identify unauthorised construction and property-related technical risks.
- Robust analytical, negotiation and decision-making skills.
- Team management and vendor management capabilities.
- Good communication and coordination skills.
- Proficiency in MS Excel and technical reporting.

📌 Area Technical Manager (Ahmedabad)
🏢 LAXMI INDIA FINANCE
📍 Ahmedabad