Piramal - Deputy Manager - Finance Operations

Domain: Financial Services

Location: Mumbai

Department/Group: Finance Operations

Degree of Travel required to: Moderate

Purpose of Job : 

- The role will be a part of the Piramal Finance wholesale credit operations function, helping manage the wholesale credit operations team

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

Key stakeholders

External /Internal : 

1 Clients (developers)

2 Internal auditor

3 Lawyers

4 Escrow agent

5 Trustee

6 Banks

1 Head - Wholesale Credit Operations

2 Regional Investments teams

3 Legal team

4 Finance team

5 Risk team

6 Asset Management team

Essential Qualifications-

- CA fresher or with 1 to 3 yrs. of work experience in client accounting operations

- Experience in Operation functions with Private Sector Banks / NBFCs would be preferred

Essential Skills & Experience-

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

- 1+ years of experience in end to end client accounting for lending platform

- Prior experience of leading, managing/monitoring operations teams, setting up and monitoring of required process metrics for ops team under supervision

- Prior experience in handling aspects of audit, compliance, maintaining accounts would be preferred

- Well versed with Companies Act, 2013, Accounting Standards issued by ICAI and RBI Guidelines would be preferred

- Strong understanding of loan lifecycle and 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

Job Conditions-

Values-

Knowledge-

- Strong understanding of loan lifecycle & credit operations

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

- Good understanding MS PowerPoint, MS Word

Action

- Ability to be a self-starter and think strategically

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

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

Care

- Maintain healthy relationships with colleagues, and third party agencies, etc.

Key Roles/Responsibilities:

Playing the effective role of checker in end to end client accounting:

- Ensure accurate capturing of key deal terms (Agreement Amount, Tenure, Interest Rate, Interest reset details etc.) in the Loan Management System

- Ensure correct calculation of upfront fees alongwith the applicable taxes

- Ensure correct generation of repayment schedule and amendment thereof on each disbursement.

- Validating applicability of Additional interest & other commercial T&C.

- Ensure accurate appropriations of receipts and recording of all accounting related entries in Loan Management System.

- Ensure there are no revenue leakages and operational errors and omissions

Interface with the Customers:

- Ensure Payment advices are sent to the borrowers prior to the due date stating the dues to be remitted alongwith the Bank details

- Ensure Balance Confirmations are sent to all accounts & acknowledged copies are received from the client.

- Obtaining timely TDS Certificates and reconciliation of TDS Credit in books of A/c with Form 26 As

- Issuance of pending TDS certificates to the clients

- On satisfaction of entire dues, accounts are properly terminated in the Loan Management System & No Dues Certificate is issued.

Co-ordination with Internal / External Stakeholders:

- Coordination with Treasury & Investment team for the planned disbursement schedule, actual disbursement, receivables for Asset Liability Mismatch (ALM)

- Coordination with Pre Disbursement operations team for maintaining the approved TAT for creation of deal, and important commercial T&Cs in the sytem and maintenance of Disbursement and Deviation memos

- Liaison with Statutory & RBI Auditors for smooth conduct of audit processes and resolution of queries on timely basis

- Interact with Investment or clients for resolution of queries w.r.t reconciliation issues

MIS & Reports:

- Publishing timely MIS on set frequency basis for early warning signals wherein there has been delay in the collection of receivables etc

- Providing data to auditors, regulators, rating agencies.

- Share reports with Internal & Statutory Auditors for smooth conduct of processes.

Process Improvisation:

- Providing solutions / business requirement documents for automation of the processes

- Automation of all the reports

- Functional support for enhancement of the system by doing user application testing of the processes being developed

CA

Contact - Priyanka Mandle 

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