Manager / Senior Manager Operation

Job Description is as follows:

Qualification: M Com or LLB or MBA(Finance) or CA / its equivalent

Years of experience: 5 – 12 years

Candidate Profile:

  • Trusteeship /Rating Agency/Banks/NBFC’s/Private Banking sector
  • Excellent Communication skill
  • Good Interpersonal topreplica skill
  • Knowledge about Financial Services
  • Basic Knowledge about legal documentation

Critical Exposure/Experience:

Should have experience in working in a finance environment and an understanding of the critical aspects of banking and lending requirements and documents

Key Aspects of the job:

Key Aspects of the job: The Job will include the following:

ST Operations:

  • To execute the NOC issue for the new transactions post verification of all required documents & approvals
  • To receive and verify the completeness of all documents received for transactions
  • To liaise with clients for document submissions
  • To ensure all security related documents are verified and approved by all stakeholders for all transactions
  • To open the escrow and DP accounts for borrowers as per the timelines
  • To disburse all interests as per the transaction requirements to respective stakeholders as per the timelines and agreed guidelines
  • To prepare the monitoring plan for every transaction
  • To receive the finances from borrowers as per the timelines
  • To regularly follow-up with borrowers for the payments as applicable
  • To execute all payments/fees/commissions to be made on behalf of the clients post approvals within timelines
  • To collect the No Grievance Certificate from Register & Transfer Agent for all closing transactions
  • To collect the No Dues certificate from lender and ensure the same is verified and approved by all stakeholders before the closure of transaction
  • To issue the closure letter from ITCL post detailed verification and approvals are obtained
  • To trigger the default notice to stakeholders for any default in payments by the borrowers (interest not paid/promises not fulfilled as per the agreement/delay for security creation etc.)
  • To inform all lenders and stakeholders about the default
  • To collect the required proofs for Event of Default (EOD)
  • To liaise with the legal team for all EOD and execute required processes
  • To liaise with borrower for EOD and instruct borrower to rectify the default within the timelines
  • To organize meeting of the lenders when the EOD occurs and execute the transactions/processes as instructed by the lenders
  • To liaise with internal teams for all operations related issues/execution as required

Compliance Reporting:

  • To prepare and submit the daily and weekly MIS for transactions handled to respective stakeholders
  • To prepare and submit the Asset Under Management (AUM) report on a quarterly basis
  • To prepare any document/report/MIS for SEBI as required
  • To provide information/reports/documents to the lenders as required
  • To liaise with multiple stakeholders for all reporting related information/data gathering as required