Sr. Manager - Credit Administration - Mumbai - Lodha (I -Think Techno Campus) - MM

Job description

|Manager – Credit Administration REPORTS TO (SOLID & MATRIX): |Position Grade: Business Unit: SME Department:Credit Sub Function: Credit Administration  Location: Number of Positions: Single/ Multiple Position Type: Full Time --- --- --- Job Purpose Direct Reports (Position Title) Resources 1. The objective of the Manager - Credit Administration is to oversee and manage all aspects of credit administration processes, ensuring accuracy, compliance, and efficiency. This role involves issuing sanctioned letters, verifying pre-disbursal documents, coordinating with operations, managing security perfection, monitoring post-disbursal documents, generating MIS reports, and driving process mapping and improvement initiatives to support the business. Team Size Direct:  Indirect Team Size (Onrolls): Financial Resources Book Size: INR XX Net interest income: Main Accountabilities Qualifications & Experience - Minimum Degree: MBA in Finance/ CA - Minimum Years/type of experience: 5-7 years Competencies: - Speed - Meritocracy - Leadership Effectiveness - Customer Focus - Tech Quotient - Sustainability - Adaptability - Influence - Collaboration - Integrity - Resilience - Agility - Decisiveness - Risk management - Financial acumen Functional Competencies TCL shall populate as per the existing  grid Key Decisions taken - Approval of sanctioned letters to clients, specifying credit terms and conditions. - Verification and approval of pre-disbursal documents for credit facilities. - Decision on the perfection of security and the creation of charges for asset-backed credit. Issuance of Sanctioned Letters: - Prepare and issue sanctioned letters to clients, outlining the terms and conditions of credit facilities. Pre-Disbursal Document Verification: - Verify and validate pre-disbursal documents and documentation for accuracy and completeness. - Coordinate with the operations department for data input and file maintenance. Security Perfection and Charge Creation: - Ensure the proper perfection of security and the creation of appropriate charges for assets securing the credit facility. - File necessary documentation with the Registrar of Companies (ROC) as required. Document Maintenance and Updation: - Maintain an organized record of all credit-related documents and ensure they are kept up-to-date. - Monitor and manage document expiration and renewals. Post-Disbursal Document Follow-up: - Supervise the follow-up process for post-disbursal documents (PDD) from clients. - Maintain records of PDDs and ensure their completeness. Deferral MIS: - Prepare Management Information System (MIS) reports related to deferral cases. - Track and report on deferral conditions in line with sanction terms. Security Creation and Follow-up: - Oversee the process of creating security instruments and follow up to ensure timely completion. - Maintain records of security creation and compliance. MIS on Revenue Leakages: - Generate MIS reports to identify revenue leakages as per sanction conditions. - Implement corrective actions to minimize revenue losses. Process Mapping and Improvement: - Map credit administration processes, identify areas for improvement, and develop process enhancement initiatives. - Collaborate with teams to implement process improvements to enhance efficiency and compliance. JD Written by JD Approved by