Job Description
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
Direct:
Indirect Team Size (Onrolls):
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.
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