Job Description
Job Purpose
• Release & maintain credit facility limits in various banking systems in line with credit approvals / documentation unit release instructions and in adherence to all applicable bank policies, procedures, regulations and SLA’s.
• Generate and issue balance confirmation and other credit related letters / reports to the relevant stakeholders.
• Perform User Acceptance Testing (UAT) on system enhancements for assigned projects.
Key Result Areas
• Credit Facility Limits are released and maintained in line with the credit approvals / documentation unit release instructions.
• Update covenants in line with the credit approval.
• Ensure interest rates, earmarking, reallocation and reinstatement of limits are correctly updated in line with approved terms and conditions.
• Ensure syndication facility related disbursements, fee recoveries, rollover, settlements, interest/profit adjustments instructions are executed in an accurate and timely manner.
• Maintain project trackers for discounting and monitoring progress payment certificates.
• Monitor margin build ups and generate exception & control reports.
• Place and release liens/hold/blocks & freeze on deposits, securities, accounts and investments in line with credit approvals / facility agreements.
• Prepare and generate credit related letters / reports required for customers, regulators, management, audit etc. on demand / periodic basis.
• Perform UAT’s on system enhancements related to the unit’s activities and ensure successful closure of the UAT.
• Escalate any system / process irregularities in a timely manner.
• Ensure “Zero” operational losses.
• Ensure no audit findings.
Knowledge, Skills And Experience (Continued)
• Graduate with fair understanding of credit administration activities.
• A Minimum of 4 years’ experience in General Banking covering at least 2 years in credit administration related activities.
• Good communication (both oral and written) and interpersonal skills
• Release & maintain credit facility limits in various banking systems in line with credit approvals / documentation unit release instructions and in adherence to all applicable bank policies, procedures, regulations and SLA’s.
• Generate and issue balance confirmation and other credit related letters / reports to the relevant stakeholders.
• Perform User Acceptance Testing (UAT) on system enhancements for assigned projects.
Key Result Areas
• Credit Facility Limits are released and maintained in line with the credit approvals / documentation unit release instructions.
• Update covenants in line with the credit approval.
• Ensure interest rates, earmarking, reallocation and reinstatement of limits are correctly updated in line with approved terms and conditions.
• Ensure syndication facility related disbursements, fee recoveries, rollover, settlements, interest/profit adjustments instructions are executed in an accurate and timely manner.
• Maintain project trackers for discounting and monitoring progress payment certificates.
• Monitor margin build ups and generate exception & control reports.
• Place and release liens/hold/blocks & freeze on deposits, securities, accounts and investments in line with credit approvals / facility agreements.
• Prepare and generate credit related letters / reports required for customers, regulators, management, audit etc. on demand / periodic basis.
• Perform UAT’s on system enhancements related to the unit’s activities and ensure successful closure of the UAT.
• Escalate any system / process irregularities in a timely manner.
• Ensure “Zero” operational losses.
• Ensure no audit findings.
Knowledge, Skills And Experience (Continued)
• Graduate with fair understanding of credit administration activities.
• A Minimum of 4 years’ experience in General Banking covering at least 2 years in credit administration related activities.
• Good communication (both oral and written) and interpersonal skills
💡 Quick Summary
Seeking a career-building opportunity? The Senior Associate position is now open for candidates interested in the Bank Jobs sector. This role in Bengaluru offers a professional environment and growth potential.
Requirement Snapshot: Candidates should possess basic communication skills, a proactive attitude, and the ability to work in a team. Experience in Bank Jobs is a plus.