Job Description

About the job:

Purpose of Job:

The role will be a part of the Piramal Capitals wholesale credit operations function, helping manage the wholesale credit operations team The real estate financing group specializes in providing equity/ mezzanine financing solutions/ construction finance to Indian real estate developers.

Essential Qualifications:

- M.Com./C.S./CA./MBA with 2 to 5 yrs. of work experience in credit operations

- Experience in Credit Administration Department (CAD) / Credit Monitoring Department / Credit Mid Office Group (CMOG) functions with Private Sector Banks / NBFCs would be preferred.

Essential Skills and Experience:

- Sound knowledge of wholesale financial services domain and strong understanding of wholesale financial service operations

- 4+ years of experience in credit operations / credit administration w.r.t pre disbursement activities.

- Prior experience of managing/monitoring operations teams, setting up and monitoring of required process metrics for ops teams.

- Prior experience in handling aspects of audit, compliance, maintaining accounts would be preferred

- Well versed with Companies Act, 2013 and Secretarial Standards issued by ICSI would be preferred

- Strong understanding of loan lifecycle and credit operations

- Strong proficiency in MS Excel, experience with use of technology systems

- Ability to multi-task, work successfully under pressure, effectively manage time & workload

- Attention to detail, ownership of issues, determination to follow through with urgency

Key Roles/Responsibilities:

- Playing the effective role of checker in critical pre-disbursement activities: - Verification of all key deal terms (Agreement Amount, Tenure, Interest Rate, Interest reset details etc.) sanctioned v/s executed. Verification of all key deal terms, pre-sanction and pre-disbursement conditions prior to circulation of disbursement memo to all stakeholders as per defined approval matrix

- Tracking, monitoring and driving closure of all open pre and post disbursement conditions

Checking and verification of critical single borrower and group borrower limits prior to disbursement

- In case of deviations taken by Business team, in scenarios such as change in deal terms, transaction covenants, extension of time for satisfaction of conditions etc., verification of original terms v/s proposed changed terms, impact and justification prior to circulation to all stakeholders as per defined approval matrix Playing the role of Checker for critical activities, monitoring regional credit operations teams for effective execution of the following activities

- Proper satisfaction of KYC requirements and Loan Application form from borrowers as per defined KYC checklist, pre-sanction checklist etc.

- Conduct of proper regulatory checks (CIBIL, RBI and other caution lists, World Check etc.)

- Ensuring all sanctioned terms and conditions including clauses pertaining to security have been accurately incorporated in the Sanction Letter

- Ensuring that Sanction Letter has been signed by the authorized signatories and duly acknowledged by the borrower

- Proper checking by Operations team or Trustee that executed documents both loan & collateral documents - are in line with the sanctioned terms o To ensure executed documents are duly signed by an authorised signatory both at Lender & Borrowers side o Responsible to monitor the pending documents & ensure proper credit compliance

- Correct data entry in IT system done by regional credit operations or Investment team of the following: o Developer profile, project configuration, micro-market profile (secondary data on price and sales velocity trends, comparable projects and their sales and pricing information) o

- Project financial model data (captured by Investment Manager)

- Conduct of pre-disbursement and post-disbursement activities by the regional operations team (including effective coordination with Investment Manager/ developer and Internal Audit to ensure compliance of Condition Precedents (CPs) and supporting pre-disbursement audits)

- Regular and proper system upload of executable/executed transaction documents, project business plans, IC notes, term sheets, due diligence reports in IT system

- Ensuring the documentation is handed over to the trustee with adequate records in soft copy maintained internally o Ensuring adherence to timelines for completion of post disbursement audit

- Coordination with Treasury function for maintaining approval TATs on pre-disbursement checklists, deviation notes, secretarial compliance etc. Internal

- Proper tracking of creation of security documents, perfection of security with ROC, compliance of CERSAI registration within the prescribed timelines.

- Effective coordination done by regional operations team with Investment Manager and Internal Audit on compliance of Condition Subsequents (CSs) (including flagging critical CSs to the Investment Manager and Asset Manager).

- Coordination with client accounting operations team (when required) to ensure that loan account, planned and actual disbursement and repayment schedule data is properly maintained on IT system for all loan accounts being managed by regional operations teams under supervision.

- Coordination with post-disbursement operations team (as and when required) to ensure that all critical asset monitoring data is properly maintained and tracked on IT system for all loan accounts being managed by regional operations teams under supervision.

- Publishing MIS on set frequency basis for early warning signals wherein there has been delay in the satisfaction of the agreed terms and condition, covenants etc.

- Formulating of policies and processes in adherence with the statutory and regulatory guidelines - Providing solutions / business requirement documents for automation of the processes.

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