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Banking Advisory New Associate

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Accenture

9d ago

  • Internship
    Full-time
    Summer Internship
  • Banking & Finance
  • Chennai

AI generated summary

  • You should have a BCom/BCA/MCom, 0-1 year experience, strong skills in credit analysis, underwriting, financial analysis, and be able to work in rotational shifts under tight deadlines.
  • You will assess loan applicants' financial statuses, analyze credit histories, conduct risk assessments, manage trade finance transactions, and collaborate with your team under detailed instructions.

Requirements

  • BCom/BCA/MCom
  • 0 to 1 years
  • The role requires a good understanding of credit analysis, creditworthiness, underwriting, 3rd party report validation of property, commercial lending, financial analysis, asset evaluation, and income calculation.
  • The role may also need expertise around residential underwriting, mortgage underwriting.
  • Please note this role requires you to work in rotational shifts, ability to perform under stringent timeline.
  • Please note that this role may require you to work in rotational shifts.

Responsibilities

  • Obtain and compile loan applicants credit histories, corporate financial statements, and other financial information, analyses applicant's financial status, credit, and property valuation.
  • Conduct detailed research on the financial history of businesses to determine their creditworthiness.
  • Assess the risk parameters of the loan, borrower, and industry including the financial performance of the borrower and guarantor, assessing the repayment capacity and recommending the future course of action in approving/declining/counter offer of business loans.
  • The Corporate banking/Wholesale banking team is responsible for helping clients and organizations processes trade finance transactions by providing superior service delivery to trade customers whilst safeguarding the bank from risks associated with this business.
  • A process by which a company (mortgage bank, servicing firm, etc.) collects interest, principal and escrow payments from a borrower.
  • This includes sending monthly payment statements and collecting monthly payments, maintaining records of payments and balances, collecting and paying taxes and insurance (and managing escrow and impound funds), remitting funds to the note holder, and following up on delinquencies.
  • Commitment to quality.
  • Your primary interaction is within your team and your direct supervisor.
  • You will be given detailed instructions on all tasks that need to be carried out, and the decisions that you make will impact your work.
  • You will need to be well versed with basic statistics and terms involved in the day-to-day business and use it while submission to onshore underwriter.
  • You will be working closely with project members to effectively deliver on the requirements.
  • You will be an individual contributor as a part of a team with a predetermined focused scope of work.
  • This role requires you to work in rotational shifts, ability to perform under stringent timeline.
  • In this role you are required to solve routine problems, largely through precedent and referral to general guidelines.
  • Your expected interactions are within your own team and direct supervisor.
  • You will be provided detailed to moderate level of instruction on daily work tasks and detailed instruction on new assignments.
  • The decisions that you make would impact your own work.
  • You will be an individual contributor as a part of a team, with a predetermined, focused scope of work.
  • This role may require you to work in rotational shifts.

FAQs

What is the job title for this position?

The job title is Banking Advisory New Associate.

What qualifications are required for this role?

The qualifications required for this role are BCom, BCA, or MCom.

How much experience is needed for this position?

The position is open to candidates with 0 to 1 year of experience.

What skills are required for the Banking Advisory New Associate role?

Required skills include Commercial Real Estate knowledge, Commercial Loan Servicing, credit analysis, creditworthiness assessment, underwriting, financial analysis, asset evaluation, and income calculation.

What does the role entail in terms of responsibilities?

Responsibilities include compiling loan applicants' credit histories, analyzing financial status, assessing risk parameters, conducting detailed research on businesses, and supporting underwriters in determining eligibility for loans.

Will I work independently or as part of a team?

You will work as an individual contributor as part of a team with a predetermined focused scope of work.

Are there any special working conditions I should be aware of?

Yes, this role requires working in rotational shifts and the ability to perform under stringent timelines.

What type of interaction can I expect in this job?

Your expected interactions will primarily be within your own team and with your direct supervisor.

Is there an emphasis on quality in this position?

Yes, there is a strong commitment to quality, and your decisions will impact your work significantly.

Will I receive guidance for my tasks?

Yes, you will receive detailed instructions on all tasks that need to be carried out.

What industries does Accenture serve?

Accenture serves clients across more than 40 industries, providing services in Strategy and Consulting, Technology and Operations, and Accenture Song.

Can I find more information about Accenture?

Yes, you can find more information about Accenture by visiting their website at www.accenture.com.

Accenture

Technology
Industry
10,001+
Employees
1989
Founded Year

Mission & Purpose

Accenture is a global professional services company with leading capabilities in digital, cloud, and security. Combining unmatched experience and specialized skills across more than 40 industries, we offer Strategy and Consulting, Technology and Operations Services, and Accenture Song—all powered by the world’s largest network of Advanced Technology and Intelligent Operations centers. Our people deliver on the promise of technology and human ingenuity every day, serving clients in more than 120 countries. We embrace the power of change to create value and shared success for our clients, people, shareholders, partners, and communities.

Culture & Values

  • Client Value Creation

    Enabling clients to become high-performance businesses and creating long-term relationships by being responsive and relevant and by consistently delivering value.

  • One Global Network

    Leveraging the power of global insight, relationships, collaboration and learning to deliver exceptional service to clients wherever they do business

  • Respect for the Individual

    Valuing diversity and unique contributions, fostering a trusting, open and inclusive environment and treating each person in a manner that reflects Accenture’s values.

  • Best People

    Attracting, developing and retaining the best talent for our business, challenging our people, demonstrating a “can-do” attitude and fostering a collaborative and mutually supportive environment.

  • Integrity

    Being ethically unyielding and honest and inspiring trust by saying what we mean, matching our behaviors to our words and taking responsibility for our actions.

  • Stewardship

    Fulfilling our obligation of building a better, stronger and more durable company for future generations, protecting the Accenture brand, meeting our commitments to stakeholders, acting with an owner mentality, developing our people and helping improve communities and the global environment.

Benefits

  • Medical coverage

    Employees have a choice of national plans (PPO, EPO, HDHP) covering a wide range of medical services and prescription drugs.

  • Parental leave

    16 weeks paid maternity leave for birth parents. 8 weeks paid time off for other parents

  • Flexible work arrangements

    Flexible work arrangements help employees achieve work/life balance while also meeting Accenture’s business needs.

  • Paid time off

    PTO encompasses traditional vacation time along with paid sick leave; days vary based on level and tenure from 17 to 27 per year.

  • Holidays

    We provide 8 paid standard holidays and 2 culture days (for any days you choose), in addition to the PTO program.

  • Life Insurance

    Accenture provides you with a basic level of coverage and you can purchase more coverage for yourself and your family.