Assistant Manager, Credit Department
Our Client, an international Bank is looking to hire an Assistant Manager in their Credit Department. The ideal candidate will have a minimum of five years Credit experience covering medium to large Corporate credits. Further details follow:
Areas of Responsibility Primary Duties:
- Analysis and appraisal of credit proposal including ad hoc facilities/restructuring/extension proposals/any other type of business or general proposals pertaining to the borrower.
- Timely completion of reviews/renewals as Appraiser, including obtaining risk sign off from the Risk Department.
- Adhering to Turn-Around-Time (TAT) for processing new/existing proposals.
- Maintenance of proper credit related MIS including loan master file maintenance, LGD, etc.
- Assisting Head of Corporate Lending in achieving budgeted growth in advances.
Pre-Sanction Duties:
- Carrying out of Due Diligence on Credit Proposals assigned including ensuring compliance of KYC norms.
- Updating of periodical due diligence reports as per PRA/FCA guidelines.
- Obtaining data/information from customers for assessment and processing of the proposals.
- Interacting with Key Officials in the borrowing units for obtaining data/statement etc.
- Company House search at each sanction of the limits to the borrower
- Obtain and verify the World Check reports of the borrower/legal & valuation reports of properties offered as primary/collateral securities.
- Arranging for compilation/updating of opinion reports and CIRs.
- Undertaking pre-sanction visits.
- Appraising of credit proposals and RMN replies.
- Tracking and monitoring important developments in the industries/activities in which borrowers operate/have interest.
- Arranging for Experian/Credit reports and their scrutiny, wherever required
- Obtaining and scrutinising external credit rating of the customers.
- Credit related notes like RMN replies/any other deviations, concession etc or non-business proposals to competent authorities.
- Ensuring ABS considered for the proposals are the same as filed with Company House.
- Providing support to the Head of Corporate Lending for making presentation of credit proposals to the sanctioning authority.
Post Sanction:
- Preparation of Sanction letter and ensure that all the Terms & Conditions of sanction have been incorporated therein.
- Periodic review of Financial Statements/Compliance Certificate/Other relevant document for ongoing credit monitoring.
- Rectifying irregularities pertaining to pre-sanction pointed out in various Audit reports.
- Attending to the credit related correspondence with internal and external agencies.
- Periodical review of TLs sanctioned on Syndication/Bilateral basis.
- Periodical inspections as per the instructions of Head Corporate Lending.
Miscellaneous:
- Tracking and monitoring important developments in the industries/activities in which borrowers operate/have interest
- Creation, maintenance and updating of loan master file as per format devised by the Head of Corporate Lending.
- Any other job/task relating to dispensation or administration of credit or any other specific task of any nature arising out of business or administrative exigencies or even otherwise under instruction of Chief Manager/Manager (Credit)/Relationship Manager/Branch Head.
- The activities mentioned above are illustrative only and the Assistant Manager - Credit is primarily responsible for all activities as directed by Head Of Corporate Lending/MD & CEO from time to time.
Profile Requirement:
- Post Qualification experience of minimum 5 years in corporate credit/High value credit is a must.
- Experience should be in appraisal/assessment of Credit proposals of medium/large Corporates.
Qualifications:
- Graduate (any discipline) from Government recognised University or Institution AND MBA (Finance) /PGDBA/PGDBM/CA/CFA/ICWA
For further information, please contact:
Enrico Castagnetti, Wintermann Search & Selection Limited
Email: enrico@wintermann.co.uk
Unfortunately, due to the high volume of applications, we are unable to respond to all candidates. If you are successful, a member of the team will contact you directly. If you do not hear from us, please assume that your application has been unsuccessful.
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