Company Name: VARITE India Private Limited

About The Client:

One of the oldest banking instituitions in the UAE and Middle East. The Client provides a range of conventional and Islamic banking services, including personal banking solutions such as deposits, loans, and credit cards. The bank also offers corporate and investment banking services, including corporate finance, investment advisory on mergers and acquisitions, initial public offerings (IPOs), and underwriting

About The Job:
- Carrying out all ‘maker’ level activities of credit control function ensuring adherence to all applicable bank policies, procedures, regulations and SLA’s.
- Perform UAT’s and other tasks assigned by the line manager from time to time related to systems and process improvements.

Essential Job Functions:
- Perform as a maker for all Credit Control related activities.
- Ensure all transactions are accurately updated.

Key Result Areas
- Release and maintain limits in various banking systems in line with credit approvals / documentation unit release instructions.




- Update covenants in line with the credit approval.
- Ensure ‘Zero’ errors in the activities performed.
- Ensure that the interest rates, earmarking, reallocation and reinstatement of limits are correctly updated in line with approved terms and conditions.
- Ensure all the checklist items are correctly checked and the activities are carried out in line with the standard operating procedures.
- Ensure rollovers, settlements, interest/profit adjustments are carried out in an accurate and timely manner.
- Maintain project trackers for discounting and monitoring progress payment certificates.
- Monitor margin build ups and produce exceptions reports.
- Place and release liens/hold/blocks & freeze on deposits, securities, accounts and investments in line with credit approvals.
- Report any irregularities in a timely manner.
- Prepare and generate credit related reports required for customers, regulators, management, audit etc.

📌 Credit Associate (India)
🏢 VARITE
📍 India