Team Member - Commercial Operations - Bank

Hiring for Kotak Mahindra Bank

Role: Operations Team Member - DVU

Grade: Senior Manager - M4

CTC: 9 - 12 lakhs

- Verification of executed legal documents as per Documentation Grid released by the legal team from time to time & Sanction Letter / Term Sheet issued by the business / credit team for working capital products (Over draft, Cash Credit, Letter of credit, Bank Guarantee

- Stamp Duty as per Legal Stamp Duty Grid is adhered too.

- Limits & Collateral Maintenance

- CERSAI Maintenance. (Charge Creation & Release) Checker for Mortgage, Hypothecation & Intangible assets - basis terms of sanctions

- Updation of PSL for CCOD product basis the PSL template received from business along with TS / SL.

- Insurance Policy Maintenance (basis terms of Sanction) - information to centrailzed insurance policy maintenance desk.

- Preparation and releasing the Disbursement Advice to Loan Maintenance Team for disbursement of loans in LPS. (Wherever there is a term loan / WCDL facility at the time of limit setting), Limit loading Instructions (LLI) to Treasury team for treasury products & CMS team for CMS products.

- Insertions (documents received post disbursement).

Deferral Closures (post receipt of requisite document from Business Unit against deferral obtained).

- Tracking of post disbursement conditions related to Wholesale & Commercial operations in DRS as - pre-approved.

- Handover of Files (All documents except Title Deeds) & Dockets (Title Deeds - Property wise i.e. for every property mortgaged separate docket is a must) including insertions to DMT for further action & receipt of acknowledgement in ET / Register (in case of non-ET transactions, if any).

- Handover of PDC / SPDC's to the Vendor on a weekly basis & receive acknowledgement

- Liaison with Auditors & Ensure no audit queries

- MIS (Daily Reporting, Pending Status, Insertions)

- Confirmation to DMT for Release of property & verification of the property documents before releasing to customer / RM / customer service

- Signatories for issuance of sanction letter are in accordance to the list of signatories provided by Business & Credit

Candidates from Same vertical working with bank only can apply for this position.