- Industry: #Industry#
- Role: #Role#
- Years of experience: #Years of experience#
Job Brief:- AU Small Finance Bank Limited is seeking a meticulous and experienced professional to join our Operations and Services team, specializing in the evaluation and verification of gold assets for loan processing. This role demands a deep understanding of gold appraisal techniques, market trends, and regulatory compliance to ensure accurate valuation and risk mitigation. The ideal candidate will play a critical role in supporting the bank's gold loan portfolio by providing precise assessments that uphold the institution's standards for security and customer trust. Responsibilities:-
- Conduct thorough physical inspection and verification of gold items submitted as collateral for loan processing, ensuring authenticity and purity.
- Evaluate the market value of gold based on current rates, weight, and quality to determine loan eligibility and amount.
- Maintain detailed records of appraisals, including photographs, descriptions, and valuation reports, adhering to company policies and regulatory requirements.
- Collaborate with loan officers and operations teams to facilitate smooth processing of gold-backed loans, providing expert advice on valuation matters.
- Stay updated with fluctuations in gold market prices and industry trends to provide accurate and timely appraisals.
- Ensure compliance with all legal and regulatory guidelines related to gold appraisal and loan disbursement.
- Identify and report any discrepancies or suspicious activities related to gold collateral to the appropriate authorities within the bank.
- Participate in periodic audits and quality checks to maintain appraisal accuracy and operational integrity.
- Train and mentor junior staff on gold appraisal techniques and operational procedures to enhance team capability.
Skill:-
- Gold Purity Testing
- Market Price Analysis
- Collateral Valuation
- Regulatory Compliance
- Risk Assessment
- Documentation and Record Keeping
- Customer Service in Financial Services
- Audit and Quality Control
- Use of Gold Testing Instruments
- Report Writing and Communication
Preferred Qualifications:-
- Bachelor’s degree in Commerce, Finance, or a related field; certification in gemology or precious metals appraisal is highly desirable.
- Minimum of 3-5 years of experience in gold appraisal or valuation within the financial services or jewelry industry, preferably in a banking environment.