Team Member - Wholesale Operations

PeopleStrong; Thane; On-site; INR 300,000 - 420,000; Full time

Job summary

PeopleStrong in India is seeking a candidate for Operations - Wholesale to manage loan servicing activities, including activation, disbursement, repayment, and reconciliation. The role emphasizes data accuracy, timely processing, and MIS generation for stakeholders.

The ideal candidate will have 0-6 years of experience in operations, with a strong compliance mindset, detail orientation, and knowledge of corporate finance products.

Qualifications

• Graduate or post graduate with minimum 0-6 years of experience in operations.
• Education and experience required for this role is graduate or post graduate with minimum 0-6 years of experience in operations.
• The skills required include compliance mind-set, detail & process orientation, customer centricity and knowledge of corporate finance products.

Responsibilities

• Timely Disbursement based on the approved Disbursement memo and conditions in sanctions.
• Repayment processing including checking bank statements and postings across corporate secured and retail verticals.
• Track and manage products in secured verticals (Wholesale / Large corporates: Term Loans, WCDL, LOC, DLOC, LAP, LRD, Investment Product - NCDs).
• Timely execution of Part Prepayments and reflect changes in the system.
• Upload revised repayment structures post re-schedulement and ensure ROI/tenure/EMI changes are reflected accurately.
• Process refunds, closings, and terminations with proper approvals and documentation.

Skills

Loan Servicing

Detail oriented

Education

Graduate or Postgraduate

Job description

DEPARTMENT-1 Operations - Wholesale

Country India

State Maharashtra

Worksite G-Corp Tech Park, Thane

Function Services Operations

Skills

Skill

Loan Servicing operations & services

Under Graduate

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
• 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.

4) Principal Accountabilities

Accountability

Supporting Actions

• 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.

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