Senior Role - Credit Administration Department - Banking

- To manage Credit Administration department and ensure smooth day to day processing and ensure Audit & CBO reports are Satisfactory.

- Plans, directs and controls the activities of CAD to ensure effective coordination and optimum performance

- Initiates and suggests improvement in policies, procedures, guidelines and standards to ensure change / improvement in operations and current practice in CAD.

- Monitors internal controls to ensure their adequacy so that corrective action can be taken when necessary at the earliest possible time

- Exercises management and supervisory responsibilities over all personnel of CAD

- Reports and directly responsible to the Senior Management, as approved by Board for performance of his duties and responsibilities

- Ensures Loan Documentation including security documentation is properly executed and retained as per requirement of company policy and regulatory requirements.

- Ensures Loan Disbursements are approved for disbursal ONLY upon completion/receipt of all required documentation if not as complete proper approval to be obtained before release of payment. Proper follow up to be done to obtain document.

- Ensures Securities Documents are safely kept and related activities are performed accurately and promptly

- Initiate the closure of accounts after repayment of loan and process the release letter for security.

- Ensures the input and system approval for V/NV/Factoring deals, after ensuring that proper approvals are in place and uploading approved limits (new limits and modified limits) in the system for all the credit lines.

- Ensure appropriate input of limit expiry so avoid unauthorized disbursement post the limit validity.

- Undertake due diligence on documents prior to issuance of checklist / commitment

- Monitors utilization of and adherence to the approved unexpired limits for all the credit lines and reports improper utilization and breach of limits to CEO/DGM, Head of Risk Management & respective department head

- Provide training and development to the credit admin team to achieve the organizational objectives

- Maintains ongoing review of loan approval along with approval covenants to monitor proper compliance with the approval

- The Department ensures that collateral documentation, collateral inspection, collateral evaluations and credit compliance are maintained according to policy and regulatory requirements

- CAD Manager monitors and reports policy exceptions in documentation as required by the credit policy

- Conducts periodic review on credit administration policy and procedures to streamline work flow

- Ensures all lending documentation is complete as per the Company Policy and Procedures with respect to amount of finance, terms and conditions, borrower's borrowing mandate, authorized signatory etc.

- Ensures compliance with the internal policies, credit approval terms and conditions, regulatory requirements (if any) and the entire set of required documentation (as per the approved CAD checklist) is complete and verified, thereof, before approving any new finance request

- Ensures post disbursement compliance with approved terms and conditions, assignment of rights, review expiry of credits, post fact mortgage etc.

- Monitoring of receipt of audited financials of customers and monthly reporting to respective department heads.

- To provide MIS on credit administration and customer service related issues as required.

- Report directly any discrepancy / abnormality or deviation to the management immediately on notice.

- Signing offer letter

- Issuance of checklist

- LRM

- Covenant monitoring

- Sanction reporting to ENRC

- Cancellation and rebooking of deals with delay in document receipt

- Reporting expiry of limits

- Any other duties as entrusted by Senior Management from time to time