Disbursement Manager

Kotak Mahindra Bank; Mumbai; On-site; INR 600,000 - 850,000; Full time

Job summary

Kotak Mahindra Bank in Mumbai seeks a proactive Loan Documentation Officer to manage disbursement activities, verify documents, and coordinate with RM/Credit/Legal/Operations to ensure compliance and timely loan closures.

The role requires 3–5 years in operations or loan documentation, strong communication, multitasking, and proficiency with FINACLE, CORE, GLEMS, and KRAMAN within a collaborative team.

Qualifications

• CA/MBA or graduate with 3–5 years of experience in loan documentation.
• Strong communication and multitasking abilities.
• Team player with energy and fast learning.
• Proficient in FINACLE, CORE, GLEMS, KRAMAN and other internal systems.

Responsibilities

• Handle disbursement activities and post-disbursement processes, document verification, and follow-ups with RM/Credit/Legal/Operations.
• Verify constitution documents and authorization letters, and create securities per sanction terms.
• Coordinate with Escrow Team for opening escrow accounts and with ROC/CERSAI as required.
• Coordinate with Operations for file checks and limit loading, and ensure timely deferrals closure.
• Maintain MIS and ensure timely closure of deferrals and related reporting.

Skills

Effective communication

Multi-tasking

Team player

Fast learner

Computer skills

Internal systems proficiency

Education

CA

MBA

Graduate

Tools

FINACLE

CORE

GLEMS

KRAMAN

Job description

Role & responsibilities

• Well versed with Disbursements (including Pre disbursement & post disbursement related activities)- viz Active interaction and thorough follow up with the client for seeking information/ execution of various loan and mortgage documents, Verification of Loan Documents, interaction/ follow up with RM / Credit/Legal/ Operations for various compliances, PDDs viz. Deferral closures / submission of pending documents to Operations, etc.
• Verification of constitution documents (MOA/AOA, Partnership deed, etc.) obtaining Authorization letters (BR, Partnership letter) for availing facilities, execution of documents and creating securities as per the sanction terms.
• Ensuring registration of security charges in favour of the bank wherever applicable.
• Co-ordinate with other Bank / Trust wherever the security is created by third party.
• Co-ordinate with Operations for checking the files and limit loading
• Co-ordinate with Operation for CERSAI updation and ROC creation
• Co-ordinate with Escrow Team to facilitate the opening of escrow accounts, wherever applicable.
• Initiate valuation, arrange documents, resolve queries and obtain approval from technical team on final report.
• Initiate of Title search, arrange documents, resolve queries and obtain legal clearance on report.
• Timely adjustment/ recoveries to be done as per requests
• Arranging for account transfers / RPS / SOAs etc, through System / appropriation of fund towards loan instalment/ prepayment of loan/ foreclosure of loans etc.
• Arranging from Borrowers on regular basis, information as sought by monitoring team-viz stock statement, insurance, Foreign exposure, End use certificate, Audited Statement, MIS reports, provisional financial statements, any other information as requested
• Handling closure of limits and release of securities and issuance of No Due Certificate
• Retrieval of Files/Docket from RCADDMT /Operations
• Ensuring that deferrals are closed within the timelines.
• Ensuring safety of property papers held in FRFC.
• Maintaining necessary MIS for reporting purposes.

Preferred candidate profile

• Candidate from Operations/ Loan Documentation background will be preferred
• CA / MBA / Graduate with 3 5 years of experience.
• Effective communication skill
• Ability to work on multiple tasks
• Team player, passionate, energetic , fast learner
• Good computer skills and well versed with Internal systems, viz FINACLE,CORE,GLEMS,KRAMAN etc.