Credit Admin Associate

Acesoft Labs; Bengaluru; Hybrid; INR 450,000 - 650,000; Full time

Job summary

Acesoft Labs in Bengaluru is seeking a Credit Admin Associate with 2+ years of experience to manage credit facilities, updates to covenants, and related documentation. The role is based in Bengaluru and requires immediate to 15 days notice.

You will handle credit approvals alignment, monitor margins, generate reports, perform UATs on system enhancements, and ensure compliance with regulatory and audit requirements, aiming for zero operational losses and no audit findings.

Qualifications

• Must handle credit approvals and related documentation.
• Update covenants and ensure line with approved terms.
• Monitor interest rates, reallocation and reinstatement of limits.
• Execute syndication facility related disbursements and related reconciliations.
• Maintain project trackers and monitor progress payment certificates.
• Generate exception and control reports for margin build-ups.
• Place and release liens/holds on deposits, securities, accounts and investments as per approvals.

Responsibilities

• 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 as per approvals.
• Prepare and generate credit related letters/reports for customers, regulators, management, audit on demand.
• Ensure credit bureau reporting is carried out timely and accurately.
• Perform UATs on system enhancements and ensure successful closure.
• Escalate any system/process irregularities in a timely manner.
• Ensure no audit findings and strive for zero operational losses.

Skills

Credit approvals

Documentation

Covenants update

Interest rates

Disbursements

UAT testing

Audit readiness

Zero losses

Audit findings avoidance

Job description

Hi all,

Credit Admin Associate

Experience: 2+ Years

Location: Bangalore

Notice Period: Immediate - 15 Days

Skills:

• 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.


• Ensure credit bureau reporting is carried out in a timely and accurate manner.


• Perform UATs 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.


• EXP- 2 years minimum