Assistant Credit Manager

Gionik Human Capital Solutions · Mumbai, India

Position - Assistant Manager Credit

Industry - NBFC

Location - Mumbai - Bandra

Education - Inter CA/ ICWA/ MBA/Post-Graduate in Commerce.

KRA -

• Appraisal of proposals, which include detailed analysis of the financial statements of the clients.
• Scrutiny of the sales ledger of the debtors offered for factoring and making conclusions there from.
• Verifying the transaction structure between the client and the debtor and their suitability to the factoring arrangement.
• Undertaking verification through third party sources, such as CIBIL, MCA, banks, etc.
• Undertake strengthening of the proposals originated by the marketing department by suggesting improvement in the transaction structure / and stipulate terms and covenants.
• Preparing the proposals/ amendments in a time bound manner (ensure TAT), which includes gathering of all relevant information from the client and debtor and identifying the issues and risks and addressing them. Presenting the proposal / amendments before the sanctioning authority for approval.
• Preparing sanction letters immediately after each sanction and ensuring relevant changes are undertaken in the system.
• Monitoring the compliance to the sanction terms by the client.
• Ensuring timely updation of information in the loan management system in sanctions / amendments.
• Attending to internal / external auditor/ CAG/ RBI queries and resolving them.
• Other credit administration activities such as, timely renewals / review / client rating approval/ preparation of board MIS.
• Monthly / quarterly filing of data with CIBIL, etc.
• Providing credit information reports to other banks and financial institutions. Respond to branch / client queries.
• Contribute to amendments in the Credit Manual
• Contribute towards upgradation of existing loan management system and building upon of a loan origination system.

Credit Administration Activities with respect to the transaction effected on Trade Receivables Discounting System.