Loan Assistant Manager - Corporate Loan

Loan Assistant Manager

Role & responsibilities

• To evaluate credit worthiness by processing loan applications and documentation within specified limits
• To maintain and update accounting records
• To determine all applicable ratios and metrics and set up debt payment plans
• To issue Sanction letter as per the terms and conditions of approved Term Sheet and Justify decisions in case of rejection and report on them

Credit Monitoring

• Updates the borrower credit rating;
• Update the knowledge on types of loans and other financial services

Verification

• Constitutional documents (MOA, Partnership Deed etc.)
• Authorizations (BR, Partnership, Letters etc.) for availing g facilities, creating security, execution of documents and scrutiny of executed documents to ensure proper execution.

Compliances

• ROC / CERSAI compliances, arranging filing of necessary forms
• with ROC and CERSAI.

Preparation

• Loan files containing counterpartys contact point and each lenders payment instruction.
• Sends any payment notice, reset interest rate and period notice to participating lenders and borrower.

Disbursement & Distribution

• Disburse fund to borrower and distributes fund to participating lenders.
• Distributes any updated documents to borrower and participating lenders.

Review & Assess

• Loan policies and procedure and makes necessary changes, if any
• between branch and HO Policy from time to time.
• Financial information on timely basis.
• All new appraisals of collaterals and monitor collateral values.
• Customer needs explore all options and introduce different types of loans

Reporting

• (conducting all the below works after reporting Team Head)
• to RBI / to HQ on a timely basis / to the Regulatory authorities as and when required on required Information/data

Preferred candidate profile

• Over 5 yrs (Preferable experience on Corporate Loan)
• Certification related to Loan
• Bachelors Degree in Economics, Finance or any other related Course.
• Masters degree (If Any) will be an added advantage

• Responsible for credit origination, monitoring credit facilities and maintaining credit files in compliance with regulatory guidelines, performing business development