Team Member - Loan Servicing - Secured

Aditya Birla Capital; Maharashtra; On-site; INR 400,000 - 500,000; Full time

Job summary

Aditya Birla Capital is seeking an operations professional to manage loan disbursements, repayments, and loan lifecycle activities in Maharashtra.

You will coordinate with banks, track reconciliations, process prepayments, refunds, and restructurings while ensuring compliance with sanction terms and approvals.

Responsibilities

• Timely disbursement based on the approved disbursement memo and sanction terms.
• Repayment applications by checking bank statements and payment postings across corporate secured and retail verticals.
• Manage secured products: Wholesale / Large corporates : Term Loans, WCDL, LOC, DLOC, LAP, LRD, NCDs, etc.
• Execute prepayments with correct system entries and update repayment structures as required.
• Process ROI, tenure, EMI, and due date changes as requested.
• Issue FC letters within defined turnaround times.
• Track foreclosure payments, update payments and terminate loans in the system.
• Process refunds for loan termination, cancellations should there be excess refunds, with approvals.
• Create ad-hoc receivables/dues and payables/waivers as approved.
• Coordinate client/bank reconciliations and restructurings following approvals.
• Handle moratorium and restructuring communications per revised directives.

Job description

• Timely Disbursement basis the approved Disbursement memo including checking the details in comparison with the Sanction terms & conditions
• Repayment application by checking the collection bank statements and payment postings across corporate secured & retail verticals.
• Products in the secured verticals include:
• Wholesale / Large corporates : Term Loans, WCDL, LOC, DLOC, LAP, LRD, Investment Product - NCD's etc
• Timely execution of all Part Prepayments with correct effect in system as per the request received.
• Timely upload of revised repayment structures for exceptional cases posts re-schedulement in system.
• Passing on timely impact of ROI Change, Tenure Change, EMI change, Due Date Change as per the request received.
• FC letter Issuance within defined TAT.
• Tracking of foreclosure payments, update of payments and termination of loan in system.
• Timely processing of refund in case of loan termination, Loan cancellation cases and excess refund in case of active cases basis approval from respective authority and valid request details.
• Adhoc receivable /Dues Creation basis approval from respective authority and with valid request details.
• Adhoc Payable/Waiver processing basis approval from respective authority and with valid request details.
• Client / Bank Reconciliations.
• Moratorium and re-structuring of loans basis revised communication and approval from respective authority.