Assistant Credit Manager

Position - Assistant Manager Credit

Industry - NBFC

Location - Mumbai - Bandra

Education - Inter CA/ ICWA/ MBA/Post-Graduate in Commerce.

KRA -

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• Appraisal of proposals, which include detailed analysis of the financial statements of the clients.
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• Scrutiny of the sales ledger of the debtors offered for factoring and making conclusions there from.
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• Verifying the transaction structure between the client and the debtor and their suitability to the factoring arrangement.
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• Undertaking verification through third party sources, such as CIBIL, MCA, banks, etc.
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• Undertake strengthening of the proposals originated by the marketing department by suggesting improvement in the transaction structure / and stipulate terms and covenants.
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• Preparing the proposals/ amendments in a time bound manner (ensure TAT), which includes gathering of all relevant information from the client and debtor and identifying the issues and risks and addressing them. Presenting the proposal / amendments before the sanctioning authority for approval.
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• Preparing sanction letters immediately after each sanction and ensuring relevant changes are undertaken in the system.
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• Monitoring the compliance to the sanction terms by the client.
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• Ensuring timely updation of information in the loan management system in sanctions / amendments.
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• Attending to internal / external auditor/ CAG/ RBI queries and resolving them.
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• Other credit administration activities such as, timely renewals / review / client rating approval/ preparation of board MIS.
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• Monthly / quarterly filing of data with CIBIL, etc.
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• Providing credit information reports to other banks and financial institutions. Respond to branch / client queries.
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• Contribute to amendments in the Credit Manual
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• Contribute towards upgradation of existing loan management system and building upon of a loan origination system.
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Credit Administration Activities with respect to the transaction effected on Trade Receivables Discounting System.