Asst. Manager (3 Positions)

Experience

• Relevant experience of at least 2 years.
• Should have thorough knowledge of accounting principles and practices. 
• Should be competent in reading financial statements of companies and making deductions
• Age Profile : 25 – 30 yrs.

Job Profile

• 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 financial institutions. Respond to  branches / client queries.