Bom Kota

Aditya Birla Finance Limited

BOM Kota

Location: Kota, Rajasthan

Job Purpose
- e Disbursement Activities- Prepare and issue required letters like sanction letters, amendment letters, ROI based on credit decisions/ sanction note within given timelines
- Provide standard legal and security documents to the Relationship Manager, depending on type of product and security within stipulated timelines
- Verify and execute complex documentation in full compliance with the internal standards and external regulatory requirements
- Scrutinize customer documents to check if in order. In case of discrepancies, share details with Relationship Manager to complete/ rectify the documentation.
- Check facility legal & security documents executed by the customer and ensure pre-activation check points are completed
- Track and update PDDs and OTC in the system/ excel for new/existing release of limits.

Ensure daily execution of documentation in full compliance with the internal standards and external regulatory requirements

Ensure timely preparation and issuance of required letters like sanction letters, amendment letters, ROI based on credit decisions/ sanction note

Ensure standard legal and security documents are given to the Business team, depending on type of product and security within stipulated timelines

Ensure customer submitted documents are checked within the given timelines. In case of discrepancies, share details with Relationship Manager to complete/ rectify the documentation

Support in smooth resolution of complex documentation issues

Post DisbursementEnsure follow ups of outstanding PDDs/OTC and look into escalation cases, where requiredEnsure completion of all activities related to security perfection of assets - CERSAIEnsure renewal tracking done by the team and ensure that renewal letters are prepared and issued within stipulated timelines Supervise the loan booking and servicing activities for their respective zones and ensure they are completed within the stipulated TATEnsure that only completed files are getting processed by the operations team at the branch levelHandle service level escalations and complaints for HNI customers and authorise high value transactions / complex/ structured transactions.Oversee closure and foreclosure activities at the branchesEnsure data and evidence for all legal litigation cases of defaulters on a case to case basisManage post disbursement documentation by conducting follow ups with stakeholders, reporting discrepancies to the Management and updating the system on a periodic basisEnsure updation of drawing power in case of stock based limitsEnsure renewal of insurance on collateral to safeguard the portfolioProcess Controls & ChecksEnsure all policies and processes related to loan processing and disbursement are up to date and followed by the teamConduct internal branch audits at regular intervals to ensure there are no critical observationsMaintain performance metrics, defect ratio and ensure SLAs are met within the agreed timelinesEnsure ROC, CERSAI and SRO charge registration is completed within given timelinesRisk ManagementEnsure requests of all case logins from branches are being timely attended by vendors. Escalation point for issues in loginsEnsure that the team is having regular interactions with the Relationship Manager to complete correct documentation at the customer’s endAttend meetings with Sales and Risk team to discuss outstanding PDDs/OTCs, issues and escalationsLiaise with statutory, regulatory and external third parties for conducting audits for branches in their zonesLiaise with external vendors for storage of property related documentation, prepare and sign an agreement with the vendor and conduct regular audits at vendor siteCompliance Management & ReportingEnsure adherence on all policies and processes related to loan processing and disbursement within the Retail Assets operations teamEnsure timely submission of data, files for audit to concurrent, internal & statutory auditorsMaintain data for tracking performance metrics, defect ratio and SLAs and identify trends/ patterns that need to be addressed in order to drive greater efficienciesEnsure all compliance points of Operations functions which is signed off for the board quarterly, are taken care of while processing.Stakeholder/ VendorManagementWork with Business teams, Risk & Compliance, Legal & IT as well as Collections teams to agree process improvements and identify solutionsFacilitate statutory, regulatory and external third parties during key audit/ compliance/ transaction milestonesWork on vendor empanelment processes and contracting and ensure proper movement of transactions to & from the vendor’s desk.Work closely with key individuals within cross functional teams wherever processes are interlinked with our functionMinimum Experience Level
- 2 - 4 yearsJob Qualifications
- Graduate