Team Member - Wholesale Operations

Aditya Birla Capital; Maharashtra; On-site; INR 450,000 - 650,000; Full time

Job summary

Aditya Birla Capital in Maharashtra seeks a candidate for the Operations team responsible for repayments, disbursement, renewals and reconciliations. You will capture rate of interest, generate MIS, and ensure accurate processing across loan accounts and servicing activities.

The role requires graduates with up to 6 years of operations experience, a compliance mindset, attention to detail, and knowledge of corporate finance products.

Qualifications

• Education and experience required: graduate or post graduate with minimum 0-6 years in operations.
• Skills: compliance mindset, detail & process orientation, customer centricity and knowledge of corporate finance products.

Responsibilities

• Timely disbursement based on approved memo and terms.
• Repayment application by checking bank statements and postings across corporate secured & retail verticals.
• Manage products in secured verticals: Term Loans, WCDL, LOC, DLOC, LAP, LRD, NCDs, etc.
• Timely execution of all Part Prepayments with correct system effects.
• Update revised repayment structures after rescheduling in system.
• Implement ROI/tenure/EMI/Due Date changes as requested.
• Issue FC letters within defined TAT.
• Track foreclosure payments, update payments and terminate loans in system.
• Process refunds in case of loan termination and handle excess refunds.
• Adhoc receivable/dues and payable/waiver processing with proper approvals.
• Client/Bank reconciliations; Moratorium and restructuring of loans per approvals.

Skills

Compliance mindset

Detail & process orientation

Customer centricity

Knowledge of corporate finance

Education

Graduate or Postgraduate

Job description

Job Context

• Operations division is responsible for controlling and managing all operational activities. The key activities include activation and managing all loan accounts, disbursement & repayment activities, reconciliation and submission of MIS to various stakeholders
• The Team Maker is responsible for executing activities related to repayments, renewals, extensions and reconciliation for retail customers in the system, capturing rate of interest on an ongoing basis and generating required MIS at predefined intervals

Key Challenges

• Ensuring accurate & timely transaction processing at all times
• Piece meal submission of documents causes delay in processing
• Maintaining data accuracy for system entries
• Ensuring timely actionable from the servicing perspective

Enabling Skill Sets & Qualifications

The skills required for this role are compliance mind-set, detail & process orientation, customer centricity and knowledge of corporate finance products

Education and experience required for this role is graduate or post graduate with minimum 0-6 years of experience in operations.

Principal Accountabilities

Supporting Actions

Disbursement ,Repayment & Servicing Activities

• 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 respectively authority and with valid request details.
• Adhoc Payable/Waiver processing basis approval from respectively authority and with valid request details.
• Client / Bank Reconciliations.
• Moratorium and re-structuring of loans basis revised communication and approval from respective authority.

MIS & Reporting

• Generate reconciliation MIS and share reports with business, risk and regulators
• Provide prompt and accurate service delivery/ ad hoc reports in case of requests from the Team Leader/ Risk / Relationship Manager

Audits

• Execute audit actions and provide relevant data to auditors in consultation with the Team Leader