Piramal - Deputy Manager - Business Operations

Industry - Financial Services

Skills - Sanction, scrutiny, operations, documentation, Wholesale, security, Credit operations, CAD, CMOG

Job Type - Permanent

Job Title: Business Operations

Domain: Financial Services

Location: Mumbai

Purpose of Job :

- The role will be a part of the Piramal Capital and housing finance Ltd for Construction Finance credit operations function, supporting the investments function of the real estate financing business.

- The real estate financing group specializes in providing equity/ mezzanine financing solutions/ construction finance to Indian real estate developers.

Key stakeholders:

External:

- Clients (developers)

- Internal auditor

- Lawyers

- Due-diligence consultants

- Escrow agent

- Trustee

- Banks

Internal:

- Principal - Investments

- Head - Wholesale Credit Operations

- Investments team

- Legal team

- Finance team

- Risk team

- Asset Management team

Essential Qualifications :

- M.Com./B.Com. with 3-5 yrs. of work experience, preferably with wholesale bank / real estate sector

- Additional qualification like MBA in Finance/ CA Intermediate / CWA Inter is preferred

- Qualified banking credit operations professionals (large private banks such as Bank of America, Deutsche Bank, JPMC etc.) would be preferred

Essential Skills & Experience :

- Sound knowledge of wholesale financial services domain and strong understanding of wholesale financial service operations

- Strong proficiency in MS Excel, experience with use of technology systems

- 2+ years of experience in business MIS, business analytics, credit operations / credit administration

- Preparation of Deal Trackers, Line of Sight Dashboards.

- Strong understanding of investment/loan lifecycle, assets and liabilities, credit operations

- Ability to multi-task, work successfully under pressure, effectively manage time & different stakeholders

- Attention to detail, ownership of issues, determination to follow through with urgency

Key Roles/Responsibilities:

1. Transaction/deal docket preparation:

- Coordination with Investment Manager or developer for KYC documents, loan application forms

- Performing CIBIL checks, RBI and other caution lists, World-Check and updating results on IT system

2. Sanction / Offer Letter:

- To ensure all the sanctioned terms and conditions including clauses pertaining to security have been accurately incorporated in the Sanction Letter.

- To ensure that the Sanction Letter has been signed by the Authorized signatory & duly acknowledged by Borrower.

3. Scrutiny of Executed Documents - Loan & Collateral:

- To check that the executed documents - both loan & collateral documents - are in line with the sanctioned terms

- To ensure executed documents are duly signed by an authorised signatory - both at Lender & Borrower's side.

- Responsible to monitor the pending documents & ensure proper credit compliance.

4. IT system data entry:

- System data entry of developer profile, project configuration, micro-market profile (secondary data on price and sales velocity trends, comparable projects and their sales and pricing information)

- System data entry of project financial model data (prepared by the Investment Manager)

5. Pre-disbursement audit support :

- Coordination with Investment Manager/ developer and Internal Audit to ensure compliance of Condition Precedents (CPs) and supporting pre-disbursement audits

6. 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

7. Pre-disbursement ops :

- Coordination with Treasury function for maintaining approval TATs on pre-disbursement checklists, deviation notes, secretarial compliance etc.

8. Post-disbursement data management :

- Follow-up with Investment Manager or Asset Manager for receipt of actuals (project sales MIS/costs/approvals) data from developers (investee companies)

- System data entry and maintenance of Debt Service Reserve Account (DSRA), FD details, escrow and retention accounts

- To track creation of security documents, perfection of security with ROC, compliance of CERSAI registration within the prescribed timelines

9. Post-disbursement audit support :

- Coordination with Investment Manager/ Developer and Internal Audit on the compliance of Condition Subsequent (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

10. Loan account, disbursement and repayment schedule maintenance :

- System data entry and maintenance of cash flow schedule & events (disbursement tranches, repayments)

Contact - Anjali Prabhu

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