Business Support Unit Chennai

Job Description

Designation: Business Support Unit - IBG3Location: Bengaluru/Chennai & MumbaiExperience : 6+ years into Mortgage Loan documentation/Credit sanction with ticket size of 50cr & aboveBusiness FunctionAs an Asia banking specialist with a strong SME banking franchise, our Institutional Banking Group (IBG) is committed to supporting SMEs in their growth domestically and in their regional expansion. Backed by a team of product specialists, we are well-positioned to deliver a whole suite of enterprising solutions to support local enterprises at each stage of their business life cycle. Our financial products and services range from cash management services to loan facilities, trade financing, business risk protection instruments and capital market instruments.Job PurposeThe position is there to provide documentation related support (including Mortgage) to Mid Large Corporate Business RMs to ensure timely and accurate Credit Facility and Security related documentation as well as support post-disbursement activities.Key AccountabilitiesFulfil all responsibilities in relation to:1. Preparation of Offer Letter (OL), facility documents and security documents 2. Checking up of filled documents 3. Initiating and follow up with Legal and Valuation agencies for timely submission of reports. Scrutinize the Reports for any negative comment / indicator and communicate the same with RM / Credit 4. Perform miscellaneous activities related to disbursement depending on the product 5. To liaise with RMs and customers for various post-disbursement documents/exception tracking. 6. To process and input data for timely vendor bill paymentsJob Duties & responsibilities
1. Prepare Offer Letter, Facility and Security related documents, in accordance to approved credit and business terms, based on the standard documentation formats released by Legal team from time to time
2. Check (for document prepared by another team-member) documents before releasing for execution
3. For non-standard documentation, liaise with external lawyer and internal parties to finalise the documentation
4. Drive security perfection on time manner and in case security could not be perfected in time, seek internal approval for extension of due date
5. Liaise with empaneled vendors for initiation for Title Search, Valuation, ROC Search, Legal Audit etc., and follow up for timely reporting
6. Scrutinize Title Search, Valuation, ROC Search, Legal Audit reports etc. for negative comments / trigger and highlight the same to internal stakeholders
7. Support new empanelment as applicable for the portfolio
8. Vendor management
9. Drive documentation related hygiene for the portfolio
10. Timely initiation and closure of periodical Valuation / Title Search / Collateral Audit/Plant visit / Legal Audit as per Bank process
11. Contribute as well as take part in improvement / enhancement of activities for the portfolio / group
Required Experience
• Preferable expert experience of 8 - 10 years in similar role (for mid / large corporate asset) in Credit Mid office / Credit Control / Loan Servicing / Credit Administration / Credit Documentation / Client Servicing with other Bank / NBFC / Financial Institution.
• Good working knowledge of Corporate and Commercial Laws as applicable in India for Credit DocumentationEducation / Preferred Qualifications
• The job holder needs to be at least graduate with good working knowledge of Corporate and Commercial Laws as applicable for Credit Documentation in India.
• Any additional relevant qualification will be added advantage but not mandatory for candidate with relevant knowledge and experience
• Basic knowledge of MS Office Word and Excel
Core Competencies:
• Expert job knowledge of documentation and various corporate bank products and needs to know as to what is expected from him/her.
• Good working knowledge of Corporate and Commercial Laws as applicable in India for Credit Documentation
• Ability to ensure time bound delivery with compliance with all internal and external compliances
• Ability to identify pain points, highlight the same with possible solution and drive for permanent fix
Soft Skillset:
• Organised and self-motivated to meet the turnaround time and manage work volume
• Ability to work with various internal and external Teams for smooth timebound delivery with FUN!
• Eagerness to learn and contribute
• Proactive: To understand the system implementations and grasp the changes faster.
• Communication Skills: The job holder needs to have effective verbal and written communication skills as required for effective discharge of the responsibilities
Technical CompetenciesThe job holder needs to have the good working knowledge MS Office Word and Excel). Should be able to adapt to new systems and processes.Work RelationshipTo work with:Internal: Relationship Managers, Regional Head, Credit, Compliance, Credit Control Unit, Operations team, Other Teams within IBG COOExternal: Empaneled lawyer, Valuers, other Vendors, Customers, other Banks, External Lawyers.

Keyskills :
credit controlcredit underwritingdocumentationdisbursement