Senior Specialist - Credit Administration
IDFC FIRST Bank — Chennai, CHENNAI
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Job Description
Job Requirements Job Title: Senior Specialist – Credit Administration
Function/ Department: Wholesale Banking Operations
Job Purpose: Job requires to handle Post sanction activities in credit framework for Large Corporates and ensuring adherence to credit, regulatory, legal and product guidelines while allowing the disbursement to customer. As last gatekeep of the money and important control functions, team's role involves extensive due diligence and monitoring of credit conditions stipulated by approving committee and ensuring adequate limit, covenant, collateral and documents management.
Roles & Responsibilities:
- To handle wide range of products from working capital to term loan, NCD, Investment limits, Portfolio buyout, Commercial paper in Large corporate and FIG segments
- Checking if all credit appraisals are adequately approved and conform to internal as well as RBI guidelines.
- Capability to guide/mentor the makers and ensure that processing are error free and within the committed timeline.
- Check whether statutory / internal exposure limits are not breached.
- Ensure enforceable legal documentation for credit facilities as per legal guidance and standard format/procedures. Involve in security creation including mortgages, pledge, hypothecation etc.
- To Ensure compliance with all conditions precedent prior to disbursement.
- To give clearance for disbursement through the LSM/DM which is sent to Loan Operations.
- Set process/ make modification in existing process to avoid operational risk at early stage.
- Co-ordinate with loan operation team to seamless processing of transactions.
- Ensure various covenant/deferrals tracking in system.
- Liaison with Business Teams, Legal, Credit etc. for timely and quality deliverables by resolution of issues/answering queries.
- Ensuring safe keeping of loan documents and retrieval of documents to vendor
Secondary Responsibilities
- The role requires to work closely with Business and Operation team to faster processing of transaction under Customer First philosophy of Bank.
- Periodic Reconciliation and clean up, documents/security management etc.
- Governance over data/regulatory reporting, ensuring accurate and timely reporting.
- To develop an understanding of IT system in credit ecosystem in Bank and assist in identification of gaps to mitigate the gaps
Educational Qualifications:
Graduation: Bachelor of Commerce (B.com) / Bachelor of Science (B.Sc.) / Bachelor of Arts (BA) / Bachelor of Business & Insurance (BBI) / Bachelor of Management Studies (BMS)
Post-Graduation: Master of Business Administration (MBA) / Master of Commerce (M.com) / Master of Arts (MA)
Experience: 5 to 10 years of relevant experience.
Frequently Asked Questions
What are the eligibility criteria for the Senior Specialist - Credit Administration job at IDFC FIRST Bank?
Eligibility typically includes the qualifications and experience outlined in the job description above, with around 5-10 Years years of relevant experience expected for this role.
What are the primary responsibilities of a Senior Specialist - Credit Administration at IDFC FIRST Bank?
The key responsibilities for this role are detailed in the Key Responsibilities section above, covering the core duties expected of a Senior Specialist - Credit Administration at IDFC FIRST Bank.
Is prior experience required for this position?
This role requires around 5-10 Years years of relevant experience, as specified in the job listing. Please refer to the Qualifications & Experience section above for full details.
What skills are important for this role?
Skills relevant to this position are outlined in the Qualifications & Experience section above. In general, strong communication, domain knowledge, and the ability to meet role-specific targets are valued across similar BFSI positions.
How do I apply for the Senior Specialist - Credit Administration role at IDFC FIRST Bank?
You can apply directly using the Apply Now button on this page, which will take you to IDFC FIRST Bank's application process for this role.
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