JOB DESCRIPTIONPosition: Finance – Banking & Equipment FinanceExperience: 5 Years

Industry: Construction Equipment / Heavy Equipment / Equipment Rental

Department: Finance & Accounts

Location: Chennai / Project & Corporate Coordination

- Job PurposeTo manage and monitor the company’s banking activities, equipment finance, EMI tracking, loan documentation, pre-closure and financial institution coordination for construction equipment and other financed assets.

The role will be responsible for ensuring timely EMI payments, maintaining accurate loan records, coordinating with banks/NBFCs and supporting the Finance team in effective management of equipment-related borrowings.
- Key ResponsibilitiesA. EMI & Loan Tracking

- Monitor monthly EMI schedules for equipment loans, vehicle loans and other asset financing.
- Maintain equipment-wise and lender-wise loan/EMI tracking statements.
- Ensure timely availability of funds and coordinate for scheduled EMI payments.
- Track principal, interest, outstanding balance and repayment schedules.
- Identify upcoming EMI obligations and provide timely updates to management.
- Reconcile EMI debits with bank statements and loan statements.

B. Pre-Closure & Loan Closure

- Coordinate with banks/NBFCs for loan pre-closure / foreclosure quotations.
- Verify outstanding principal, interest, foreclosure charges and other applicable charges.
- Prepare comparative statements for pre-closure proposals.
- Coordinate internal approvals and payment for loan closure.
- Obtain and maintain No Due Certificate (NDC), loan closure letters and related documents.
- Follow up for release of original documents, hypothecation removal and other closure formalities.

C. Banking Operations

- Coordinate with banks for day-to-day finance and banking-related activities.
- Handle bank correspondence related to loans, limits, repayments and account matters.




- Maintain banking records and documentation.
- Coordinate with relationship managers and banking officials.
- Track bank charges, interest debits and other finance-related transactions.
- Support preparation and submission of bank-related documents and statements.

D. Equipment Finance Management

- Maintain complete financing details for construction equipment and heavy machinery.
- Track equipment-wise lender, loan amount, tenure, EMI, interest rate, outstanding amount and closure status.
- Coordinate with Finance, Asset Management and Operations teams regarding financed equipment.
- Ensure loan records are updated whenever equipment is transferred, sold, refinanced or closed.
- Support documentation related to hypothecation, asset finance and lender requirements.

E. Reconciliation & MIS

- Reconcile loan accounts with bank statements and lender statements.
- Identify discrepancies and coordinate for timely rectification.
- Prepare monthly EMI, loan outstanding and repayment MIS.
- Provide management reports on upcoming payments, overdue items and loan closures.
- Maintain accurate digital and physical records of finance-related documents.

F. Bank / NBFC Coordination

- Coordinate with banks, NBFCs and financial institutions for:
- Loan statements
- EMI schedules
- Foreclosure quotations
- NOCs / NDCs
- Hypothecation release
- Interest certificates
- Repayment confirmations
- Other loan-related documents




- Maintain professional relationships with banking and financial institution representatives.

3. Key Skills Required
- Strong knowledge of EMI and loan tracking.
- Practical experience in banking operations and equipment finance.
- Valuable understanding of loan repayment and pre-closure processes.
- Strong reconciliation and MIS preparation skills.
- Good Excel skills, including VLOOKUP/XLOOKUP, Pivot Tables and basic financial analysis.
- Good coordination and follow-up skills with banks/NBFCs.
- Strong attention to detail and documentation skills.
- Ability to independently track multiple loans and financing arrangements.

4. Qualification
- B.Com / M.Com / MBA Finance / CA Inter or equivalent qualification.
- Minimum 5 years of relevant experience in Finance & Banking operations.
- Experience in construction equipment, automobile finance, equipment rental, NBFC, banking or asset financing will be preferred.

5. Preferred Industry ExposureCandidates with experience handling financing for:
- Excavators
- Cranes
- HEMM
- Transit Mixers (TMC)
- Boom Pumps
- Motor Graders
- Wheel Loaders
- Other construction and infrastructure equipment

will be preferred.
- Key Performance Areas (KPAs)
- Timely EMI payment and zero avoidable overdue.
- Accurate equipment-wise loan records.
- Timely completion of pre-closure and loan closure activities.
- Timely collection of NOCs/NDCs and release documents.
- Accurate bank and loan reconciliation.
- Timely submission of finance MIS.
- Effective coordination with banks/NBFCs.
- Proper maintenance of loan and banking documentation.

7. ReportingReports To: Finance Manager / Head – Finance & Accounts

Internal Coordination: Finance, Accounts, Treasury, Operations, Asset Management, Commercial and Management Teams.

- External Coordination: Banks, NBFCs, Financial Institutions and Lenders.

📌 Bank Manager (Chennai)
🏢 Urmilla Enterprises Private
📍 Chennai