Assistant Credit Manager

Gionik Human Capital Solutions; Mumbai; On-site; INR 800,000 - 1,200,000; Full time

Job summary

Gionik Human Capital Solutions in Mumbai is seeking a detail-oriented Credit Administration Specialist responsible for the TRDS transactions, appraisal of client proposals, and oversight of debtors' ledgers. You will verify transaction structures, conduct third-party verifications (CIBIL, MCA, banks), and strengthen proposals by refining terms and covenants.

The role includes preparing sanction letters, monitoring compliance, updating the loan management system, and supporting audits and data

Qualifications

• Appraisal of proposals, detailed analysis of client financial statements.
• Scrutiny of the sales ledger of debtors offered for factoring and deriving conclusions.

Responsibilities

• Credit Administration activities for transactions under the Trade Receivables Discounting System.
• Appraisal of proposals with detailed analysis of client financial statements.
• Scrutiny of debtor sales ledgers offered for factoring and conclusions.
• Verify transaction structure between client and debtor for factoring suitability.
• Verify information through third-party sources like CIBIL, MCA, and banks.
• Strengthen proposals by suggesting improvements in transaction structure and covenants.
• Prepare sanctions letters and ensure system updates.
• Monitor compliance with sanction terms by clients.
• Update loan management system with sanctions/amendments.
• Respond to auditors and regulators queries; manage data filings.
• Support amendments to Credit Manual and upgrades to loan origination systems.
• Provide credit information reports to banks and financial institutions.

Job description

• Credit Administration Activities with respect to the transaction effected on Trade Receivables Discounting System.
• Appraisal of proposals, which include detailed analysis of the financial statements of the clients.
• Scrutiny of the sales ledger of the debtors offered for factoring and making conclusions there from.
• Verifying the transaction structure between the client and the debtor and their suitability to the factoring arrangement.
• Undertaking verification through third party sources, such as CIBIL, MCA, banks, etc.
• Undertake strengthening of the proposals originated by the marketing department by suggesting improvement in the transaction structure / and stipulate terms and covenants.
• Preparing the proposals/ amendments in a time bound manner (ensure TAT), which includes gathering of all relevant information from the client and debtor and identifying the issues and risks and addressing them. Presenting the proposal / amendments before the sanctioning authority for approval.
• Preparing sanction letters immediately after each sanction and ensuring relevant changes are undertaken in the system.
• Monitoring the compliance to the sanction terms by the client.
• Ensuring timely updation of information in the loan management system in sanctions / amendments.
• Attending to internal / external auditor/ CAG/ RBI queries and resolving them.
• Other credit administration activities such as, timely renewals / review / client rating approval/ preparation of board MIS.
• Monthly / quarterly filing of data with CIBIL, etc.
• Providing credit information reports to other banks and financial institutions. Respond to branch / client queries.
• Contribute to amendments in the Credit Manual
• Contribute towards upgradation of existing loan management system and building upon of a loan origination system.