Manager/Senior Manager - Operations - Wholesale & SME Business - Banking

Role - Operations

Designation - Manager or Sr. Manager

Qualification - CA / MBA Finance

Years of experience - 5-7 years

Location - Mumbai

Job Responsibilities:

1.Handling of all the post sanction activities for wholesale & SME business.

2. A setting of SME & Alternative Investment Fund(AIF) processes from the operational front.

3. Coordinate with clients, trustees and ensure compliance of KYC.

4. Liasoning with the business team, treasury, and accounts to ensure compliance of KYC.

5. Tracking of covenants as specified in the sanctioned terms prior and post disbursements and relevant policy terms.

6. Manage transaction records in the loan management system

7. Preparing payment schedule and tracking receipts of all interest & Principal payments as per schedule.

8. Scrutinise executed documents received from the relationship team.

9. Effectively handled audits (RBI, Internal & External) on security valuations & transaction documentations.

10. Evaluate & Maintain MIS for the wholesale business (Master Cash Flows, DPD, Exposure MIS & Seel down tracker).

11. Primarily handle debenture, bonds, facility agent, loan against shares/NDU arrangements & security trustee assignments.

12. To create, hold & enforce the security for the investors/lenders.

13. Ensure interest payouts as per schedule.

14. Assess and keep a record of regulatory (SEBI & RBI) compliances.

15. Working on a recovery of funds & reconciliation of old assignments.

16.MIS Updation within the time frame.

17.Vetting of documents in terms of sanction letters of Lenders, disclosure documents,

18. SEBI norms along with coordinating with the lenders,

19. Lender's legal counsel (LLC) for finalization of the documents;

20. Monitoring of security w.r.t maintenance of asset coverage, LAS transactions, etc;

21. Enforcement of security vide action under SARFAESI Act, 2002, Intervention applications, Debt Recovery Tribunals, etc in case of NPAs, Event of Defaults, etc

22. Managing SEBI Audit in respect of Debenture issue

23. Monitoring compliance of SEBI and listing norms, conditions precedent (CPs) and conditions subsequent (CS), financial and legal covenants w.r.t borrowings of the companies;

24.Reporting of non-compliance of SEBI, listing and borrowing norms, revision in ratings, non-payment of an amount due to lenders, non-creation of security, etc and thereafter monitoring curing of the same;

25. Conducting consortium meetings, debenture holders meeting under SEBI regulations and thereafter preparation and finalization of minutes for the same;

Good to have:

1. Construe transaction structures and act as a liaison between the lender, arranger & borrower.

2.Coordination with aligned branches and sales/Credit team for query resolution.

3. Updating daily collection payment files.

4. Vendor Billing

5. Reconciliation of payment file.

6. Document writing viz, Mortgage, Hypothecation, Pledge, Guarantee, Promoter's undertaking, etc;

7.Preparing & Monitoring Report in the capacity as Monitoring Agent for IPOs and FPOs

8.Computing buy-back price of Debentures based on FIMMDA structure;

9. Conducting site visits and preparing and issuing site inspection report thereafter.

Akhila Gunapati