Operations Specialist - Retail Assets Operations

IDFC FIRST Bank; Thane; On-site; INR 550,000 - 850,000; Full time

Job summary

IDFC FIRST Bank in Thane is seeking an Operations Specialist in Retail Assets Operations to support the payments and booking of retail loans. The role involves managing payments, inventory funding, and master data updates, with emphasis on process automation and efficiency.

You will also coordinate with branches and CPAs, review loan documents, and help drive TAT improvements while maintaining high standards of conduct and collaboration.

Qualifications

• Graduation in B.Com, B.Sc, BA, BBI or BMS.
• Post-Graduation including MBA / M.Com / MA.
• 0–2 years of relevant experience.

Responsibilities

• Manage loan disbursal (booking), payments, and post-disbursal activities for all retail products.
• Review and verify loan documentation across various products.
• Drive quality and service level adherence (SLA) within the unit.
• Liaise effectively with internal and external stakeholders using strong interpersonal and communication skills.
• Promote automation and digitization to enhance process efficiency, accuracy, productivity, and turnaround time (TAT).
• Uphold the bank’s code of conduct and foster a high-performance culture within the team.
• Take initiative and recommend best practices to improve TAT and operational processes.

Education

Graduation: B Com / B Sc / BA / BBI / BMS

Post-Graduation: MBA / M Com / MA

Tools

Finn One

Job description

Job Requirements

Job Title: Operations Specialist - Retail Assets Operations.

Job Title: Operations Specialist - Retail Assets Operations.

Department/Function: Retail Banking Operations

Job Purpose:

The Operations Specialist - Payments is a key member of the Central Operations team, responsible for supporting Credit Operations in the booking and disbursal of retail loans. This role involves managing payments to urban and rural retail asset customers, handling inventory funding, pre-disbursal cancellations, and maintaining master data such as pin codes, cities, and states. The specialist also oversees loan linking in the Finn One system, empanelment of DSAs/Dealers, and payout management, ensuring smooth and efficient operations across all related activities.

Roles & Responsibilities

• Manage loan disbursal (booking), payments, and post-disbursal activities for all retail products.
• Review and verify loan documentation across various products.
• Drive quality and service level adherence (SLA) within the unit.
• Liaise effectively with internal and external stakeholders using strong interpersonal and communication skills.
• Promote automation and digitization to enhance process efficiency, accuracy, productivity, and turnaround time (TAT).
• Uphold the bank’s code of conduct and foster a high-performance culture within the team.
• Take initiative and recommend best practices to improve TAT and operational processes.

Secondary Responsibilities

• Prepare various MIS reports to support operational tracking and decision-making.
• Coordinate daily with branches and CPAs for issue resolution.
• Draft Business Requirement Documents (BRDs) for processes requiring automation.
• Conduct User Acceptance Testing (UAT) for new system requirements or modifications to existing functionalities.
• Strong understanding of retail loan products and disbursal processes.
• Familiarity with loan documentation and post-disbursal activities.
• Experience in managing SLAs and driving operational quality.
• Excellent communication and stakeholder management skills.
• Proficiency in preparing MIS reports and BRDs.
• Knowledge of automation tools and UAT processes.
• Ability to work collaboratively and take initiative to improve processes.

Educational Qualifications

Graduation: Bachelor of Commerce (B.com) / Bachelor of Science (B.Sc) / Bachelor of Arts (BA) / Bachelor of Business & Insurance (BBI) / Bachelor of Management Studies (BMS)

Post-Graduation: Master of Business Administration (MBA) / Master of Commerce (M.com) / Master of Arts (MA)

Experience: 0 - 2 years of relevant experience