Piramal - Manager - Credit Operations - Pre-disbursement

Industry - Financial Services

Skills - Credit administration, CMOG, CAD, Credit mid office, Documentation, Sanction, Security

Job Type - Permanent

Job Description/Job Title: Credit Operations Manager (Pre-disbursement Operations)

Business Unit: Piramal Finance Limited

Domain: Financial Services

Location: Mumbai, Bangalore, NCR, Chennai, Hyderabad

Band/Grade: 2A

Department/Group: Credit 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 Due-diligence consultants

5 Escrow agent

6 Trustee

7 Banks

1 Head - Wholesale Credit Operations

2 Regional Investments teams

3 Legal team

4 Finance team

5 Risk team

6 Asset Management team

Head - Wholesale Credit Operations

Essential Qualifications-

- M.Com./C.S./CA./MBA with 5 to 6 yrs. of work experience in credit operations

- Experience in Credit Administration Department (CAD) / Credit Monitoring Department / Credit Mid Office Group (CMOG) 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

- 4+ years of experience in credit operations / credit administration w.r.t pre disbursement activities

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

- 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 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 critical pre-disbursement activities:

- Verification of all key deal terms (Agreement Amount, Tenure, Interest Rate, Interest reset details etc.) sanctioned v/s executed Verification of all key deal terms, pre-sanction and pre-disbursement conditions prior to circulation of disbursement memo to all stakeholders as per defined approval matrix

- Tracking, monitoring and driving closure of all open pre and post disbursement conditions

- Checking and verification of critical single borrower and group borrower limits prior to disbursement

- In case of deviations taken by Business team, in scenarios such as change in deal terms, transaction covenants, extension of time for satisfaction of conditions etc., verification of original terms v/s proposed changed terms, impact and justification prior to circulation to all stakeholders as per defined approval matrix

Playing the role of Checker for critical activities, monitoring regional credit operations teams for effective execution of the following activities:

- Proper satisfaction of KYC requirements and Loan Application form from borrowers as per defined KYC checklist, pre-sanction checklist etc.

- Conduct of proper regulatory checks (CIBIL, RBI and other caution lists, World Check etc.)

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

- Ensuring that Sanction Letter has been signed by the authorized signatories and duly acknowledged by the borrower

- Proper checking by Operations team or Trustee that 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

- Correct data entry in IT system done by regional credit operations or Investment team of the following:

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

- Project financial model data (captured by Investment Manager)

- Conduct of pre-disbursement and post-disbursement activities by the regional operations team (including effective coordination with Investment Manager/ developer and Internal Audit to ensure compliance of Condition Precedents (CPs) and supporting pre-disbursement audits)

- Regular and proper system upload of executable/executed transaction documents, project business plans, IC notes, term sheets, due diligence reports in IT system

- Ensuring the documentation is handed over to the trustee with adequate records in soft copy maintained internally

- Ensuring adherence to timelines for completion of post disbursement audit

Contact - Priyanka Mandle

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