Loan Assistant Manager
4 days ago
Looking for Loan Assistant Manager role for well reputed MNC Bank located in Noida.
Role & responsibilities
- To evaluate credit worthiness by processing loan applications and documentation within specified limits
- To maintain and update accounting records
- To determine all applicable ratios and metrics and set up debt payment plans
- To issue Sanction letter as per the terms and conditions of approved Term Sheet and Justify decisions in case of rejection and report on them
Credit Monitoring
- Updates the borrower credit rating;
- Update the knowledge on types of loans and other financial services
Verification
- Constitutional documents (MOA, Partnership Deed etc.)
- Authorizations (BR, Partnership, Letters etc.) for availing g facilities, creating security, execution of documents and scrutiny of executed documents to ensure proper execution.
Compliances
- ROC / CERSAI compliances, arranging filing of necessary forms
- with ROC and CERSAI.
Preparation
- Loan files containing counterpartys contact point and each lenders payment instruction.
- Sends any payment notice, reset interest rate and period notice to participating lenders and borrower.
Disbursement & Distribution
- Disburse fund to borrower and distributes fund to participating lenders.
- Distributes any updated documents to borrower and participating lenders.
Review & Assess
- Loan policies and procedure and makes necessary changes, if any
- between branch and HO Policy from time to time.
- Financial information on timely basis.
- All new appraisals of collaterals and monitor collateral values.
- Customer needs explore all options and introduce different types of loans
Reporting
- (conducting all the below works after reporting Team Head)
- to RBI / to HQ on a timely basis / to the Regulatory authorities as and when required on required Information/data
Preferred candidate profile
- Over 5 yrs (Preferable experience on Corporate Loan)
- Certification related to Loan
- Bachelors Degree in Economics, Finance or any other related Course.
- Masters degree (If Any) will be an added advantage
- Responsible for credit origination, monitoring credit facilities and maintaining credit files in compliance with regulatory guidelines, performing business development
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