Compliance of Credit Procedures
· Responsible to ensure completeness of loan documents and assessing that each loan application is in compliance with Credit Policy & Procedures and other guidelines circulated from time to time.
· Responsible to ensure that valid and accurate data input is made in credit MIS from source documents related to cash flow & Loan applications.
· Ensure to forward cases to CCU (Credit Control Unit) on daily basis
· E-CIB report review
· Gold Smith verification on quarterly basis
· Visit reverification of watch list account DPD 5 to 90 days
Pre-disbursement Borrower’s Verification
· Ensure verification as per applicable approved policy. Major responsibility is to verify credit worthiness, reputation and repayment capacity of the applicant and guarantor.
· Ensuring existence of borrower and guarantor & their businesses (economic activity) through verification of home & business addresses etc. and interacting with applicants / guarantors
· To assess whether borrowers and guarantor know & understand important loan terms, repayment amounts, due date of repayments and guarantee concept and their obligations in case of non-payment.
· To identify any severe nature non-compliance during verifications & initiating loan application cancellation to Head Office.
Reporting, Record/Data Maintenance and System Security
· Ensure adequacy and timeliness of daily / weekly / monthly reports as per schedule & guidelines.
· Maintain related records /data / information, etc as per defined procedures.
· Maintain & secure Credit MIS / files from unauthorized access, programs.
Co-ordination in the Branch
· Coordinate & align activities with branch management to cope with seasonal business fluctuations & credit cases flow.
· Ensure following defined turnaround times for each activity to better client service