We are currently hiring for Credit Operations Analyst role - Wholesale Finance Group for a Leading NBFC, find below job specification for the same.
Client : Leading NBFC
Position: Credit Operations - Pre-Disbursement
Department : Wholesale financing
Qualification : B.Com / M.Com / MBA / CA / ICWA
Location : Mumbai, Bangalore
Desired Experience :
- Sound knowledge and understanding of wholesale financial service operations
- 3+ years of experience in investment management or credit operations
- Prior experience in handling aspects of audit, compliance, maintaining accounts would be preferred
- Well versed with Companies Act, 2013 and Secretarial Standards issued by ICSI would be preferred
- Strong understanding of investment lifecycle, assets and liabilities, credit operations
- Strong proficiency in MS Excel, experience with use of technology systems
- Ability to multi-task, work successfully under pressure, effectively manage time & workload
- Attention to detail, ownership of issues, determination to follow through with urgency
Responsibilities :
Transaction/deal docket preparation :
- Coordination with Investment Manager or company (counterparty) for KYC documents etc.
- Performing CIBIL checks, RBI and other caution lists, World Check etc.
- Pre-disbursement audit support
- Coordination with Investment Manager/ counterparty and Internal Audit to ensure compliance of Condition Precedents (CPs) and supporting pre-disbursement audits
- Compliance of CP checklist prior to disbursement and taking necessary approvals for deviation, if any
Document management :
- System upload of executable/executed transaction documents, project business plans, IC notes, term sheets, due diligence reports
- Ensuring the documentation is handed over to the trustee with adequate records in soft copy maintained internally
Pre-disbursement ops :
- Ensuring documentation of sanctioned facilities are done in compliance with the sanctioned terms
- Tracking deferrals/ overdue deferrals and following up for closure with company
- Coordinating with Security trustee for creation and perfection of all security interests including but not limited to hypothecation, mortgage, pledge etc.
- Coordination with Treasury function for maintaining approval TATs on pre-disbursement checklists, deviation notes, secretarial compliance etc.
Post-disbursement data management :
Follow-up with Investment Manager or Asset Manager for receipt of actuals (project sales MIS/costs/approvals) data from investee companies
Post-disbursement audit support:
- Coordination with Investment Manager/ investee company and Internal Audit on compliance of Condition Subsequents (CSs) (including flagging critical CSs to the Investment Manager and Asset Manager)
- Ensuring adherence to timelines for completion of post disbursement audit
- Coordination with treasury for subsequent post disbursement audits
- Loan account, disbursement and repayment schedule maintenance
- System data entry and maintenance of cash flow schedule & events (disbursement tranches, repayments)
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