Job description

Requirements

  • Entry level
  • No Education
  • Salary to negotiate
  • Chennai

Description

Job Description


Officer - (CRE000089)

Description


The role holder is responsible for processing of end to end post sanction activities, compliance with statutory / internal norms / policies. Co-ordination with various auditors & proactive in resolving with audit queries. Set process to reduce operational risk.


SECTION III: KEY RESPONSIBILITIES/ ACCOUNTABILITIES

Core Responsibilities

Take care of Risk Management functionality from post sanction till disbursement and post disbursement monitoring of corporate loans.


Pre-disbursement:

Check sanction is in line with Credit Policy of the Bank and also in line with regulatory guidelines

Prepare sanction letter and issue loan/security documentations required as per sanction terms

Scrutiny executed loan and security documents are legally enforceable and it comply with all the provisions of Company Act/other statutory laws. Any discrepancy to be resolved or deferral approval to be provide as per Credit Policy.

Ensure all pre sanction conditions are complied

Issue Disbursement Notice to BO to set limit in the system

Adherence to agreed SLA for each transaction


Post-disbursement:

Post disbursement monitoring of loan conditions such as financial or non-financial covenants tracking and monitoring

Close watch on Security creation and perfection as per agreed timeline. In case of delay charge penal interest

Ensure error free reporting of various regulatory and internal MIS on regular basis

Support to Relationship teams in clearing credit exceptions to the minimum and help in resolving them.

Ensure NIL audit queries and audit rating is always good for the unit

Coordinate with various internal stakeholders like Risk/legal/Operation risk/Fraud control/RCU

Ensure all security charge filing is done within timeline with MCA or CERSAI

In case account become NPA, adhere to internal guidelines of the Bank to take necessary action immediately

Interact with various empaneled vendors for Valuation/Stock Inspection/Title search etc.,

Ensure recovery of fees/revenues and contain operational costs

Suggest process improvements for reducing operational costs and waste management

Understand, keep updated and compliance to latest regulations, guidelines and processes. Support in change management by following the implemented process.

Ensure that vendors provide due diligence report as per bank's policy and formats. Further keep a constant watch on vendors performance and highlight performacne and integrity issues of vendors.

People Management or Self-Management Responsibilities


Defines performance goals at the start of the year in discussion with the reporting manager and ensures that the goals are monitored and achieved during the course of the year

Takes ownership of his/her own learning agenda by identifying development needs in consultation with the reporting manager and working towards bridging the gaps through various means which go beyond just training

Understands the competencies relevant to his/her role, and works towards displaying as well as developing these effectively

Keeps abreast of relevant professional/industry developments, new techniques and current issues through continued education and professional networks

Risk and Internal Control Responsibilities


Follows risk policy and processes to mitigate the operational, regulatory, financial, informational, reputational and audit risks as instructed by the departmental manager

Executes the established internal control systems and compiles relevant information for departmental audits, as necessary


SECTION IV: KEY INTERACTIONS

Key Internal Interactions

Purpose of Interaction


Credit Risk


For resolving discrepancies in Credit Approval Memorandum

Legal

For modifying in standard loan and security documents

Business

For getting clarification on queries / requests

Portfolio Analytics


For getting clarification on Credit Policy and Rating

FMO

For intimating treasury related facility

Back Office


For intimating disbursement notices, line extension, limit closure, rollover of facilities,


Key External Interactions

Purpose of Interaction


Vendors

For conducting valuation / title search / stock inspection reports

Auditors

For resolving audit queries


Qualifications


Minimum Qualifications

Master Degree in Business Management with Commence / Finance background

Company Secretary with lending experience is preferred

Professional Certifications

Not applicable

Language Skills

Written and spoken English is essential, is preferred

EXPERIENCE

Years of Experience

A minimum of 2 years of relevant experience with at least 1 year in a credit documentation role

Nature of

Experience

Prior experience in credit document handling preferred

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