Major Responsibilities - Manage the credit administration function at the branch and coordinate with other functional in charges for ensuring smooth execution of day-to-day activities of the credit administration function in an effective and efficient manner.
- Check documentation of the approved loan applications received from the credit marketing function, ensure that the approval is sanctioned by the designated official within prescribed limits delegated by the Board or refer the case to the superior for further processing.
- Check documents submitted along with the credit proposal of significant loans to authenticate their validity for safeguarding Bank’s interests against future default by the borrower by recovering the loan amount through liquidating these collaterals.
- Coordinate with legal function in obtaining legal opinion as and when required to ensure the authenticity of the borrowing party as well as the credit to be extended in case of significant loans, and facilitate the legal advisor in all possible ways to help in protecting the interests of the Bank.
- Ensure that all legal documentation is submitted by the applicant, arrange proper registration of collaterals, verify and physically authenticate the loan security quoted in the credit proposal by the applicant, engage valuation firms for assessing fair value of the assets being mortgaged before approving the loan application.
- Ensure compliance of the policies and procedures in disbursing the loans duly approved by the credit committee or Head of M&BD function, check the disbursement schedule and communicate the same to the concerned section for crediting the approved amount into the respective party’s account as per agreed schedule.
- Ensure safekeeping of all the documents related to the approved loan i.e. loan application, collaterals / securities documents submitted by the borrower in the vault after recording of the particulars in the respective vault register.
- Constantly monitor activities after the disbursement of the loan, to ensure that adequate security margins are maintained till the loan is recovered, and refer to immediate supervisor in case security margins fall short of the desired level, so that necessary action can be taken.
- Follow-up with the borrowers for timely repayment of the loans, classify the overdue cases as per the laid down policies of the Bank and report default cases to the Head Office for provisioning and initiation of legal action against the defaulters.
- Carry out work in accordance with the instructions of the supervisor and established guidelines and procedures of the Bank and provide periodic reports / information to the management in an effective and efficient manner to facilitate them in decision-making.
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Qualification:
- Graduate ( Preferably MBA in Finance or Banking, M.Com, M.A Economics) and LL.B
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Experience:
- Preferably 3 years of experience in a similar position with a reputable commercial bank
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