Job Description,
Responsibilities :
- Handling Loan Management System implementation and all operational entries
- Handling documentary credits including the opening, confirming, advising, negotiating and amending letters of credit;
- Handling documentary collections including incoming and outgoing collections and remittances as well as acceptances;
- Issuing, amending, and liquidating all types of letters of guarantee (bid bond; performance payment; standby and counter guarantees);
- Handling modern loan administration and maintenance of loan books including processing payments/disbursements in line with approved terms, monitoring repayments/recovery, reviewing legal documentation to identify compliance and reporting obligations required for monitoring through the life of the facility and ensuring full loan covenant compliance and that all terms and conditions of the respective deals are adhered to;
- PDC, ECS, NACH management and EMI banking
- Daily Bank Reconciliation and Loan account reconciliation
- Daily and monthly GL reconciliation.
- NBFC Compliance and audit and other operational compliances
- Third party tie-ups for scaling up operations
- Implementing improvements in loan management system
- Handling multiple products
- Establishment of safeguards for the above activities including managing the physical strong-room, customer signatures and security documents; and
- Maintenance of credit and collateral files, and credit inquiry as well as records of recovery efforts (except problem loans which move to Head Risk Management).
- Management and operation of the - back office- as part of the automation process.
- Coordinating and reconciling customer accounting system with the general ledger in
Finance Department :
- Preparing accounting and other reports for the information of Management.
- Liaising with customers through the front office
- Any other duties as may be assigned by Senior Management.
- Sales Operations for login, pickup and escrow management
- Responsible for performing various fund disbursement and fund accounting activities within the Treasury function.
- Monitor the fund balances, forecast and manage fund flows and ensure adequate liquidity for working capital requirements
- Managing banking relationship and role out new banking products for automation
Salary: Not Disclosed by Recruiter
Industry:Accounting / Finance
Functional Area:Financial Services , Banking , Investments , Insurance
Role Category:Senior Management
Role:Head/VP/GM-Operations
Employment Type: Permanent Job, Full Time
Keyskills
fund accounting sales operations administration operational head finance bank reconciliation audit compliance operations operations head
Desired Candidate Profile
Requirements :
- Commerce Graduate
- ICWA / CA
- Sound experience of at least 7-10 years with a BANK / NBFC in managing operations of small ticket size business loans;
- Ability to interact with senior officials and Auditors
- GOOD verbal and written communication skills in English.
Only Mumbai based candidates who have NBFC /Bank experience apply.
Education-
UG: B.Com - Commerce
PG:CA, ICWA (CMA)
Doctorate:Doctorate Not Required
Company Profile:
Flexiloans Technologies
FlexiLoans is an online lending platform started with an endeavour to solve the problem that SMEs face in accessing Quick, Flexible and Adequate funds for growing their Businesses. Over 80% of Loan proposals from SMEs currently are rejected by institutional channels on account of inadequate financial history or collaterals. With the fast and ubiquitous digital adoption in India and increased avenues to leverage data analytics, we are standing on the verge of Banking transformation in this country which will help us efficiently cater to the large untapped and unserved demand. We wish to make the 'social and alternative scoring' of SMEs and Individuals a big opportunity for the economy that will far out place the limited insights that financial bureau provide. We believe our technology-powered online marketplace is the best model to meet the financial requirements of SME's who do not have credit history and hence cannot avail loans from traditional banking channels.
Recruiter Name:HR
Responsibilities :
- Handling Loan Management System implementation and all operational entries
- Handling documentary credits including the opening, confirming, advising, negotiating and amending letters of credit;
- Handling documentary collections including incoming and outgoing collections and remittances as well as acceptances;
- Issuing, amending, and liquidating all types of letters of guarantee (bid bond; performance payment; standby and counter guarantees);
- Handling modern loan administration and maintenance of loan books including processing payments/disbursements in line with approved terms, monitoring repayments/recovery, reviewing legal documentation to identify compliance and reporting obligations required for monitoring through the life of the facility and ensuring full loan covenant compliance and that all terms and conditions of the respective deals are adhered to;
- PDC, ECS, NACH management and EMI banking
- Daily Bank Reconciliation and Loan account reconciliation
- Daily and monthly GL reconciliation.
- NBFC Compliance and audit and other operational compliances
- Third party tie-ups for scaling up operations
- Implementing improvements in loan management system
- Handling multiple products
- Establishment of safeguards for the above activities including managing the physical strong-room, customer signatures and security documents; and
- Maintenance of credit and collateral files, and credit inquiry as well as records of recovery efforts (except problem loans which move to Head Risk Management).
- Management and operation of the - back office- as part of the automation process.
- Coordinating and reconciling customer accounting system with the general ledger in
Finance Department :
- Preparing accounting and other reports for the information of Management.
- Liaising with customers through the front office
- Any other duties as may be assigned by Senior Management.
- Sales Operations for login, pickup and escrow management
- Responsible for performing various fund disbursement and fund accounting activities within the Treasury function.
- Monitor the fund balances, forecast and manage fund flows and ensure adequate liquidity for working capital requirements
- Managing banking relationship and role out new banking products for automation
Salary: Not Disclosed by Recruiter
Industry:Accounting / Finance
Functional Area:Financial Services , Banking , Investments , Insurance
Role Category:Senior Management
Role:Head/VP/GM-Operations
Employment Type: Permanent Job, Full Time
Keyskills
fund accounting sales operations administration operational head finance bank reconciliation audit compliance operations operations head
Desired Candidate Profile
Requirements :
- Commerce Graduate
- ICWA / CA
- Sound experience of at least 7-10 years with a BANK / NBFC in managing operations of small ticket size business loans;
- Ability to interact with senior officials and Auditors
- GOOD verbal and written communication skills in English.
Only Mumbai based candidates who have NBFC /Bank experience apply.
Education-
UG: B.Com - Commerce
PG:CA, ICWA (CMA)
Doctorate:Doctorate Not Required
Company Profile:
Flexiloans Technologies
FlexiLoans is an online lending platform started with an endeavour to solve the problem that SMEs face in accessing Quick, Flexible and Adequate funds for growing their Businesses. Over 80% of Loan proposals from SMEs currently are rejected by institutional channels on account of inadequate financial history or collaterals. With the fast and ubiquitous digital adoption in India and increased avenues to leverage data analytics, we are standing on the verge of Banking transformation in this country which will help us efficiently cater to the large untapped and unserved demand. We wish to make the 'social and alternative scoring' of SMEs and Individuals a big opportunity for the economy that will far out place the limited insights that financial bureau provide. We believe our technology-powered online marketplace is the best model to meet the financial requirements of SME's who do not have credit history and hence cannot avail loans from traditional banking channels.
Recruiter Name:HR
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