Highlights
Process critical credit sanction proposals, ensure accuracy, maintain compliance, perform detailed reconciliations.
Description
Job Summary
pThis role involves processing credit sanction proposals in alignment with the bank’s internal policies and RBI guidelines. You will be responsible for ensuring accuracy in Facility Letters, performing quality checks, monitoring exceptions, and verifying disbursements. Your task will also include reconciliations, analysis of stock statements, cash flows, and maintaining MIS reports.
Responsibilities
- Process credit sanction proposals adhering to internal policies and RBI guidelines.
- Issue Facility Letters with all required documentation as per the Credit Approval Memo (CAM).
- Perform quality checks on system data based on underlying CAM, various reports including valuation report, title search report, stock audit report, etc.
- Monitor exceptions in the tracking system and ensure compliance.
- Verify disbursement notices processing to avoid operational losses or revenue leakage.
- Conduct reconciliations of internal CASA accounts and GL balances to identify and investigate discrepancies.
- Analyze stock statements, cash flows, and perform DP computation for fund-based facilities.
- Validate drawing power calculations and CBS changes with reference to stock statements.
- Maintain MIS reports and conduct quality checks on the portfolio handled by the Corporate Administration Department.
Required Skills
- Credit Analysis
- Data Verification
- Reconciliation
- Report Generation
- Compliance Monitoring
Required Skills Explained
- Knowledge of banking and financial regulations, particularly RBI guidelines.
- Proficiency in using various data systems for processing credit sanctions.
- Ability to perform detailed quality checks on documentation and reports.
- Strong analytical skills to identify discrepancies and anomalies.
- Experience with reconciliation processes for accounts and ledgers.
- Familiarity with GST regulations and reporting.
Who is this for
pThis position is ideal for individuals with a strong background in banking, credit analysis, and financial regulations. Experience in handling large data sets and ensuring compliance with internal policies and external guidelines is essential.
Why This Job is a Good Opportunity
ulliOpportunity to work in a dynamic banking environment with complex financial procedures.liPotential to gain deep knowledge of credit management and regulatory compliance.liDevelop strong analytical and problem-solving skills through daily task requirements.liContribute to the accuracy and efficiency of financial operations, ensuring compliance with all regulations.
Interview Preparation Tips
- Review banking policies and procedures thoroughly, especially those related to credit sanctions and RBI guidelines.
- PRACTICE explaining your analytical process for handling discrepancies in reports and documentation.
- Familiarize yourself with the reconciliation methods used in the bank's systems.
- CASE STUDIES that demonstrate how you have handled similar situations in previous roles can be beneficial.
Career Growth in This Role
pAdvancement opportunities are available within the field of corporate administration and credit management. You may transition into higher-level positions such as Senior Credit Officer or Manager, focusing on strategic credit policies and risk management. Additionally, with experience, you could explore roles in training and mentoring junior staff.pThe role also opens doors to leadership positions within compliance and regulatory teams, where you can contribute to the development of new policies and procedures. Networking with key stakeholders can lead to internal transfers or external opportunities in similar industries.
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Skills
Frequently Asked Questions
What qualifications are required for this role?A degree in Finance or related field with experience in banking is preferred.
Is prior experience necessary?Yes, we prefer candidates with at least 3 years of relevant experience in the banking sector.
What are the key responsibilities?Key responsibilities include processing credit sanction proposals, ensuring compliance, and performing detailed data verifications.
