MANAGER - CREDIT ADMIN

BANK OF INDIA; Singapore; On-site; SGD 90,000 - 120,000; Full time

Job summary

A leading financial institution in Singapore is seeking a Manager - Credit Admin to oversee the Credit Administration Department. The ideal candidate will ensure accurate loan documentation, manage problem loans, and maintain compliance with audit requirements. Strong experience in credit administration and finance is essential. This role includes substantial responsibilities in trade finance operations and requires excellent organizational skills.

Qualifications

• Experience in credit administration and loan documentation.
• Strong understanding of legal and compliance issues.
• Ability to manage problem loans and conduct audits.

Responsibilities

• Oversee the Credit Administration Department.
• Ensure timely and accurate submission of statements and reports.
• Manage problem loans and recovery actions.
• Conduct operational tasks related to trade finance.

Skills

Credit administration expertise

Legal knowledge

Audit compliance

Problem loan management

Trade finance operations

Education

Bachelor's degree in Finance or related field

Job description

Job Description

Manager - Credit Admin

1. Overall In-charge of Credit Administration Dept.
2. Sanction-cum-Offer Letter and other required documents providing to the customers
3. Documentation in respect of Term Loans and Syndication Loan,
4. Coordinating with the panel advocates for drafting/vetting of the documents,
5. Reviewing the draft documents and offering comments to ensure that all the terms and conditions of sanction have been incorporated in the Facility Agreement,
6. Handling /Supervising/Completing the process of documentation, Creation of Securities, etc
7. Carrying out CPA I and Putting up memorandum for CPA II & III, Closure of CPA,
8. Recommending memo for disbursement, unblocking of ESCROW accounts of borrowers etc.
9. Signing off the vouchers passed by Credit Dept and Credit Admin Dept.
10. Checking any changes effected in the system by the users,
11. Ensuring timely & error free submission of periodical fortnightly/MTHLY/QLY/HLY/YLY MAS Statements – pertaining to Credit Section.
12. Ensuring timely & error free submission of periodical HO Statements pertaining to Credit Section.
13. Submission of data and periodical WEEKLY/MTHLY/QLY/HLY/YLY statements pertaining to Credit Section called for by HO
14. Submission of all credit related Closing Returns including preparation of CA-19/19A/19B.
15. Checking/Providing Guidance/Support to the staff in preparing various statements/MAS returns including Closing Returns,
16. Co-ordinating with Data Centre for Finacle issues, for various reports, data etc.
17. Monitoring SASCL reports for Centre
18. Providing all the inputs for calculation of monthly ECL
19. Attending to Audit Reports etc. and Compliance of Audit Observations,
20. Convener of Monthly Credit Committee Meeting, preparing minutes & noting of Monthly Credit Committee Meeting of Vietnam branch etc.
21. Member of Compliance Committee, Credit Committee, Risk Management and Member of Estate Committee , Member of IT Outsourcing Committee
22. Co-ordinator for E&Y Internal Auditors, E&Y- Regulatory Compliance and LFAR including Compilation of Reports,
23. Addressing internal/external/statutory audit observations, Minimizing instances of audit irregularities & timely resolution of all audit queries of concurrent/ internal /external.
24. Impart formal / informal training and conduct weekly test for staff to enrich domain knowledge. Attending trainings / seminars / workshops and participating online tests on AML /CFT and PDPA.
25. Review and updation of policy /manuals pertaining to Credit Admin and NPA
26. Problem Loan Management –
    1. Provisioning (Preparing ASPRO Sheets) for all NPA accounts,
    2. Recovery actions such as follow up, Legal Action, Compromise Settlements, Write Off etc.,
    3. Submission of Legal Memorandum
    4. Submission of SAR to the authority as per delegation
    5. Submission of Wilful Defaulter Memorandum for eligible cases
    6. Submission of ATR for all the NPA accounts
27. Handling transfer of accounts to other overseas Branch/s
28. Facility Agent/Security Agent in one Syndication Loan account
29. Security Trustee in one account
30. Custodian of Security Documents, Safe Custody etc.

31 Trade Finance Operations

Handling the complete operational part of trade finance portfolio with key responsibilities such as :-

· Conducting Weekly meetings and Test, Test Check

· Preparation of Sustainability Tracker

· Updation of Trade Finance Manual

· Attending Regulatory/Internal Audit/Concurrent Audit

· Updating of Credit/Review Sanction terms

· Movement of on/off balance sheet items with every day Customer Position Memorandum

· Updation of GL/PL register on daily basis. Updation of Leave Calendar sheet. Preparation of monthly CLCC sanction summary sheet for FBN.

· Conducting Vessel and IMB tracking as applicable.

· Performing SWIFT LT OUT

· AML/CFT screening verification

· Scrutiny of documents
Verifying requirement of EDD

· Monitoring repayment on Due date
Verifying the contents of the LC

· Timely advising of LC to the beneficiary

· Onward routing of LC to the beneficiary Bank in case beneficiary is other than our customer

· Operational Part for Import LC like opening, name screening, due diligence etc.

· Operational part for Bank Guarantee/Standby Letter Of Credit Trust Receipt/DIF/Inward Collection Of Bills etc

The key performance indicators shall be fixed based on the job description