01Overview
Purpose of the position
Performing 1st Level check (maker):
Checking Loan Documentation and security documents (Draft and executed).
Registration of limits and Collateral in system post completion of documentation
Tracking of pending documentation, covenants, Stock Statement Etc.
Updation of Collateral in system
Drawing Power calculation etc
Preparation of various Internal reports /MIS for submission to internal stakeholders as well as External (RBI/ Statutory Auditors etc)
Lodgment and filing of loan documents post limit loading
Job Responsibilities
Preparation of sanction Letter and loan /security documents in line with approved terms
Checking of loan and security documents (Draft and Executed)
Tracking of pending documents and covenants
Documentation and Limit Control- Ensuring execution of documentation and setting up of limits as per approved credit terms & conditions.
Credit Risk Management- Provide support for overall credit risk management
Application of learning on day-to-day assignments for various products offering of the Bank.Emphasis on timely delivery without compromising on credit quality and due diligence - Ensuring timely Deliverables.
Leveraging the potential of available Systems for monitoring- Proficiency in understanding the deliverables available at Core Banking System
Contribution to arriving at error free environment - Adherence to conduct business under defined set of principles, procedures, and processes.
Credit Limit- Controlling overall Credit Limit process as per credit approval.
Compliance with local and global compliance requirement - Sacrosanct understanding of local and HO requirement relating to compliance activity in delivering business & productivity goals.
Audit function (concurrent / RBI)- Performing the functions in line with the audit requirements without any slippages and deficiencies (minimizing the finding and addressing the same).
Loan Documentation Control- Follow the loan documentation process as per Bank policy and RBI guidelines.
Credit Monitoring (compliance) & Due Date Monitoring including overdue :Ensuring credit compliance (conditions/covenants etc) as per credit approval. (Monitoring all credit items for due date control by making excel and day to day follow up).
Limit Loading -Loading limits in Core Banking solution as per sanctioned terms .
Making effective usage of APTD learning platform- Proactively register and complete the courses offered.
MIS for portfolio Management, RBI and other internal & external reportingProvide strategic support for the purpose.
Monitoring after disbursement of limits-
Monitoring Stock Statement (inventory & receivable statement) of borrowers availing working capital facilities on monthly basis
Due Date monitoring of stock statement, insurance, loan documentation etc.
Outsourcing Vendors - Keeping record related to the vendor appointed.
Maintaining Collateral data in Core Banking Solution for all secured Borrowers
Monitoring of due End Use Certificate and Acknowledgment of Debt from all Borrowers and assisting Business Team in obtainment of same before due date.
Assisting Risk Control, Operations and other Internal teams by maintaining and sharing Database of all the limits uploaded, renewed & modified in Core Banking Solution
Basis approved Credit Terms, Loading of limits on various TREDS platforms viz. RXIL, M1 Xchange, Invoicemart etc.
Computation of Drawing Power (DP) and advising Limits in Core Banking Solution for DP backed Credit facilities basis Stock Statements submitted by the Borrowers
Preparation of exchange of information on quarterly basis .
