Job Description

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• Verification of executed legal documents as per Documentation Grid released by the legal team from time to time & Sanction Letter / Term Sheet issued by the business / credit team. \xe2\x80\xa2Stamp Duty as per Legal Stamp Duty Grid is adhered too. \xe2\x80\xa2Limits & Collateral Maintenance. \xe2\x80\xa2CERSAI Maintenance. (Charge Creation & Release) Checker for Mortgage, Hypothecation & Intangible assets - basis terms of sanctions. \xe2\x80\xa2Updating of PSL for CCOD product basis the PSL template received from business along with TS / SL. \xe2\x80\xa2Insurance Policy Maintenance (basis terms of Sanction) - information to centrailzed insurance policy maintenance desk. \xe2\x80\xa2Preparation and releasing the Disbursement Advice to Loan Maintenance Team for disbursement of loans in LPS. (Wherever there is a term loan / WCDL facility at the time of limit setting), Limit loading Instructions (LLI) to Treasury team for treasury products & CMS team for CMS products. \xe2\x80\xa2Insertions (documents received post disbursement). \xe2\x80\xa2Deferral Closures (post receipt of requisite document from Business Unit against deferral obtained). \xe2\x80\xa2Tracking of post disbursement conditions related to Wholesale & Commercial operations in DRS as \xe2\x80\x9cpre-approved\xe2\x80\x9d. \xe2\x80\xa2Handover of Files (All documents except Title Deeds) & Dockets (Title Deeds - Property wise i.e. for every property mortgaged separate docket is a must) including insertions to DMT for further action & receipt of acknowledgement in ET / Register (in case of non-ET transactions, if any). \xe2\x80\xa2Handover of PDC / SPDC\'s to the Vendor on a weekly basis & receive acknowledgement. \xe2\x80\xa2Liaison with Auditors & Ensure no audit queries. MIS (Daily Reporting, Pending Status, Insertions). \xe2\x80\xa2Confirmation to DMT for Release of property & verification of the property documents before releasing to customer / RM / customer service. \xe2\x80\xa2Signatories for issuance of sanction letter are in accordance to the list of signatories provided by Business & Credit \xe2\x80\xa2Qualification - Graduate / Post-Graduate \xe2\x80\xa2Experience - Minimum one year of relevant experience

Kotak Mahindra Bank