Commercial Operations

Kotak Mahindra Bank; Chandigarh, Ahmedabad District; On-site; INR 600,000 - 800,000; Full time

Job summary

Kotak Mahindra Bank is seeking a diligent professional for role in legal/documentation operations in Chandigarh. You will verify legal documents, ensure stamp duty compliance, manage collateral, CERSAI, and insurance policy maintenance, while coordinating with business and credit teams for disbursement processes.

Key duties include updating PSL templates, preparing disbursement advices, and tracking post-disbursement conditions. Graduation is mandatory and MS-Office proficiency is required.

Qualifications

• Detail oriented and ability to multi-task.
• Strong interpersonal and teamwork skills.
• Excellent communication skills.
• Graduation mandatory.

Responsibilities

• Verify executed legal documents per Documentation Grid and sanction letters.
• Ensure Stamp Duty as per Stamp Duty Grid is adhered to.
• Maintain Limits & Collateral and CERSAI records.
• Update PSL for CCOD product using templates from business.
• Maintain Insurance Policy records as per sanction terms.

Skills

Detail oriented

Multi-tasking

Interpersonal skills

Communication skills

Education

Graduation mandatory

Tools

MS-Office

Job description

Role & responsibilities

• Verification of executed legal documents as per Documentation Grid released by the legal team from time to time & Sanction Letter / Term Sheet issued by the business / credit team.


• Stamp Duty as per Legal Stamp Duty Grid is adhered too.


• Limits & Collateral Maintenance.


• CERSAI Maintenance. (Charge Creation & Release) Checker for Mortgage, Hypothecation & Intangible assets - basis terms of sanctions.


• Updating of PSL for CCOD product basis the PSL template received from business along with TS / SL.


• Insurance Policy Maintenance (basis terms of Sanction) - information to centrailzed insurance policy maintenance desk.


• Preparation and releasing the Disbursement Advice to Loan Maintenance Team for disbursement of loans in LPS. (Wherever there is a term loan / WCDL facility at the time of limit setting), Limit loading Instructions (LLI) to Treasury team for treasury products & CMS team for CMS products.


• Insertions (documents received post disbursement).


• Deferral Closures (post receipt of requisite document from Business Unit against deferral obtained).


• Tracking of post disbursement conditions related to Wholesale & Commercial operations in DRS as pre-approved.


• Handover of Files (All documents except Title Deeds) & Dockets (Title Deeds – Property wise i.e. for every property mortgaged separate docket is a must) including insertions to DMT for further action & receipt of acknowledgement in ET / Register (in case of non-ET transactions, if any).


• Handover of PDC / SPDC’s to the Vendor on a weekly basis & receive acknowledgement.


• Liaison with Auditors & Ensure no audit queries. MIS (Daily Reporting, Pending Status, Insertions).


• Confirmation to DMT for Release of property & verification of the property documents before releasing to customer / RM / customer service.


• Signatories for issuance of sanction letter are in accordance to the list of signatories provided by Business & Credit

Preferred candidate profile

• Detail oriented and ability to multi-task


• Good Interpersonal skills and ability to work in teams


• Excellent Communication Skills


• Proficiency in MS-Office


• Graduation Mandatory.