Central Monitoring-dealer Finance

7 days ago


Mumbai, Maharashtra, India Riverforest Connections Full time
**Job Description

Job Purpose :
Dealer Funding Book of Auto, TW, CV, CE and CD is now touching almost 19000 crores.

The Automobile business is going through a phase where on one side dealers are stocking in excess of 60 days and thereby not making sufficient profits and on the other side, there is manufacture pressure/opportunity of further expansion and setting up new infrastructure in anticipation of future growth.

To keep a check on funds diversion, funds mismanagement, overdues, SOT etc.

To control these and to ensure that the portfolio quality remains unaffected, its proposed that there be a team placed centrally in Mumbai for detailed monitoring of portfolio and raising early warning.

This unit will throw all important signals at the time of approval as well as future maintenance.

Analysis of Financials

Overall Dealer Universe Financial statements analysis ? manufacturer wise, citi-wise, state-wise etc.


Review of Bank Statements Regular view of Bank Statements to check if there are transactions which are not right for the nature of business.

Tracking of Overdues Stock Audit and SOT Stock Audit and SOT monitoring and early warnings

Retail Conversion-To track retail conversion and effects of retail not happening

Reporting Monthly -reporting of Stress Accounts and other relevant information.

Educational Qualifications-Preference for CA.

Excellent verbal and written communication Banking Product Knowledge preferable.

-
Skills Required:

Finance;Financial Statements;Funding;Banking;Manufacturing;CA;automobile

Location
Mumbai

Years Of Experience
1 to 6 Years

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