Manager – Credit Administration REPORTS TO (SOLID & MATRIX):
Position Grade: Business Unit: SME Department:Credit Sub Function: Credit Administration Location: Number of Positions: Single/ Multiple Position Type: Full Time
Job Purpose
Direct Reports (Position Title)
Resources
- The objective of the Manager - Credit Administration is to oversee and manage all aspects of credit administration processes, ensuring accuracy, compliance, and efficiency. This role involves issuing sanctioned letters, verifying pre-disbursal documents, coordinating with operations, managing security perfection, monitoring post-disbursal documents, generating MIS reports, and driving process mapping and improvement initiatives to support the business.
Team Size
Financial Resources
Book Size: INR XX Net interest income:
Main Accountabilities
Qualifications &
Experience - Minimum Degree: MBA in Finance/ CA - Minimum Years/type of experience: 5-7 years Competencies:
- Speed - Meritocracy - Leadership Effectiveness - Customer Focus - Tech Quotient - Sustainability - Adaptability - Influence - Collaboration - Integrity - Resilience - Agility - Decisiveness - Risk management - Financial acumen Functional Competencies TCL shall populate as per the existing grid Key Decisions taken - Approval of sanctioned letters to clients, specifying credit terms and conditions.
- Verification and approval of pre-disbursal documents for credit facilities.
- Decision on the perfection of security and the creation of charges for asset-backed credit.
Issuance of Sanctioned Letters: - Prepare and issue sanctioned letters to clients, outlining the terms and conditions of credit facilities.
Pre-Disbursal Document Verification: - Verify and validate pre-disbursal documents and documentation for accuracy and completeness.
- Coordinate with the operations department for data input and file maintenance. Security Perfection and Charge Creation: - Ensure the proper perfection of security and the creation of appropriate charges for assets securing the credit facility.
- File necessary documentation with the Registrar of Companies (ROC) as required. Document Maintenance and Updation: - Maintain an organized record of all credit-related documents and ensure they are kept up-to-date.
- Monitor and manage document expiration and renewals. Post-Disbursal Document Follow-up: - Supervise the follow-up process for post-disbursal documents (PDD) from clients.
- Maintain records of PDDs and ensure their completeness. Deferral MIS: - Prepare Management Information System (MIS) reports related to deferral cases.
- Track and report on deferral conditions in line with sanction terms. Security Creation and Follow-up: - Oversee the process of creating security instruments and follow up to ensure timely completion.
- Maintain records of security creation and compliance. MIS on Revenue Leakages: - Generate MIS reports to identify revenue leakages as per sanction conditions.
- Implement corrective actions to minimize revenue losses. Process Mapping and Improvement: - Map credit administration processes, identify areas for improvement, and develop process enhancement initiatives.
- Collaborate with teams to implement process improvements to enhance efficiency and compliance.