Team Member - Wholesale Operations

Aditya Birla Group · Not specified · onsite · Posted 44d ago

Not disclosedFresherfulltimeSourced from Foundit

About a minute. You'll make an account on the way through.

About this role

Job Description

Job Context

Operations division is responsible for controlling and managing all operational activities. The key activities include activation and managing all loan accounts, disbursement & repayment activities, reconciliation and submission of MIS to various stakeholders
The Team Maker is responsible for executing activities related to repayments, renewals, extensions and reconciliation for retail customers in the system, capturing rate of interest on an ongoing basis and generating required MIS at predefined intervals

Key Challenges

Ensuring accurate & timely transaction processing at all times
Piece meal submission of documents causes delay in processing
Maintaining data accuracy for system entries
Ensuring timely actionable from the servicing perspective

Enabling Skill Sets & Qualifications

The skills required for this role are compliance mind-set, detail & process orientation,

customer centricity and knowledge of corporate finance products

Education and experience required for this role is graduate or post graduate with minimum 0-6 years of experience in operations.

4) Principal Accountabilities
Accountability	Supporting Actions
Disbursement ,Repayment & Servicing Activities	Timely Disbursement basis the approved Disbursement memo including checking the details in comparison with the Sanction terms & conditions Repayment application by checking the collection bank statements and payment postings across corporate secured & retail verticals. Products in the secured verticals include: Wholesale / Large corporates : Term Loans, WCDL, LOC, DLOC,LAP, LRD, Investment Product - NCD's etc Timely execution of all Part Prepayments with correct effect in system as per the request received. Timely upload of revised repayment structures for exceptional cases posts re-schedulement in system. Passing on timely impact of ROI Change, Tenure Change, EMI change, Due Date Change as per the request received. FC letter Issuance within defined TAT. Tracking of foreclosure payments, update of payments and termination of loan in system. Timely processing of refund in case of loan termination, Loan cancellation cases and excess refund in case of active cases basis approval from respective authority and valid request details. Adhoc receivable /Dues Creation basis approval from respective authority and with valid request details. Adhoc Payable/Waiver processing basis approval from respective authority and with valid request details. Client / Bank Reconciliations. Moratorium and re-structuring of loans basis revised communication and approval from respective authority.
MIS & Reporting	Generate reconciliation MIS and share reports with business, risk and regulators Provide prompt and accurate service delivery/ ad hoc reports in case of requests from the Team Leader/ Risk/Relationship Manager
Audits	Execute audit actions and provide relevant data to auditors in consultation with the Team Leader

Sourced from foundit

Skills

Loan Servicingoperations & services

About Aditya Birla Group

Aditya Birla Group

Metals & Mining

227.5k+

employees

1857

169 years old

Mumbai, Maharashtra

India

About

Aditya Birla Group is a Fortune 500 global conglomerate. The company's businesses have grown into global powerhouses in a wide range of sectors metals, textiles, carbon black, telecom and cement.

Industries

Metals & MiningFinancial ServicesBuilding MaterialRetailTelecomChemicals

Employee ratings

2,383 reviews

4.1/ 5

Culture

3.9

Career growth

3.5

Work-life

4.0

Employees rate it well for

Work Culture191Salary167Senior Management152Work Life Balance146Job Security123

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4) Principal Accountabilities

Accountability

Supporting Actions

Disbursement ,Repayment & Servicing Activities

Timely Disbursement basis the approved Disbursement memo including checking the details in comparison with the Sanction terms & conditions
Repayment application by checking the collection bank statements and payment postings across corporate secured & retail verticals.
Products in the secured verticals include:
Wholesale / Large corporates : Term Loans, WCDL, LOC, DLOC,LAP, LRD, Investment Product - NCD's etc
Timely execution of all Part Prepayments with correct effect in system as per the request received.
Timely upload of revised repayment structures for exceptional cases posts re-schedulement in system.
Passing on timely impact of ROI Change, Tenure Change, EMI change, Due Date Change as per the request received.
FC letter Issuance within defined TAT.
Tracking of foreclosure payments, update of payments and termination of loan in system.
Timely processing of refund in case of loan termination, Loan cancellation cases and excess refund in case of active cases basis approval from respective authority and valid request details.
Adhoc receivable /Dues Creation basis approval from respective authority and with valid request details.
Adhoc Payable/Waiver processing basis approval from respective authority and with valid request details.
Client / Bank Reconciliations.
Moratorium and re-structuring of loans basis revised communication and approval from respective authority.

MIS & Reporting

Generate reconciliation MIS and share reports with business, risk and regulators
Provide prompt and accurate service delivery/ ad hoc reports in case of requests from the Team Leader/ Risk/Relationship Manager

Audits

Execute audit actions and provide relevant data to auditors in consultation with the Team Leader