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Operations Team Member-WBG OPERATIONS (OPS)-Commercial Operations

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Kotak Mahindra Bank

Today

  • Job
    Full-time
    Senior Level
  • Banking & Finance
  • Mumbai

AI generated summary

  • You need an MBA or post-graduate in Finance, ability to work under pressure, adaptability to change, and skills to build and develop a team.
  • You will verify legal documents, maintain insurance policies, manage disbursement processes, track post-disbursement conditions, and liaise with auditors to ensure compliance and reporting.

Requirements

  • - Post Graduate or MBA Finance
  • - Ability to perform under pressure and stringent time lines
  • - Adaptable and open to get acquainted with changing business and operational environment
  • - Ability to build & develop the team while being part of it

Responsibilities

  • - 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.
  • - Updating 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 centralized insurance policy maintenance desk.
  • - Preparation and releasing the Disbursement Advice to Loan Maintenance Team for disbursement of loans in LPS. 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).
  • - Liaison with Auditors & Ensure no audit queries. MIS (Daily Reporting, Pending Status, Insertions).

FAQs

What is the job title for this position?

The job title for this position is Operations Team Member-WBG OPERATIONS (OPS)-Commercial Operations.

What are the primary responsibilities of this role?

The primary responsibilities of this role include verifying executed legal documents, updating PSL for CCOD products, maintaining insurance policies, preparing disbursement advice, handling insertions and deferral closures, tracking post-disbursement conditions, and liaising with auditors.

What are the educational qualifications required for this position?

A Post Graduate degree or an MBA in Finance is required for this position.

What personality traits are preferred for candidates applying for this role?

Preferred personality traits include the ability to perform under pressure, adaptability to changing environments, and the capability to build and develop the team while being an integral part of it.

Is experience in audits necessary for this job?

While direct experience in audits is not explicitly mentioned, the role involves liaising with auditors and ensuring no audit queries arise, indicating a need for familiarity with auditing processes.

What is the level of this position?

The level of this position is M2, which is classified as Deputy Manager.

Are there specific documentation requirements for post-disbursement processes?

Yes, the role requires handling documentation such as insertions received post-disbursement and deferral closures based on requisite documents from the Business Unit.

How does this role contribute to loan disbursement?

This role is responsible for preparing and releasing disbursement advice to the Loan Maintenance Team, as well as providing Limit Loading Instructions to Treasury and CMS teams for disbursement of loans.

Is ongoing training provided for employees in this position?

While ongoing training is not explicitly mentioned, candidates should be adaptable and open to becoming acquainted with changing business and operational environments.

Is this position subject to strict deadlines?

Yes, the candidate must have the ability to perform under pressure and meet stringent timelines.

Kotak Mahindra Bank

Finance
Industry
10,001+
Employees

Mission & Purpose

Kotak Mahindra Bank is a leading Indian financial services conglomerate that offers a wide range of banking and financial products, including personal, corporate, and investment banking services. They provide solutions such as loans, savings accounts, insurance, asset management, and wealth management. Kotak Mahindra Bank’s ultimate mission is to drive growth by delivering innovative and customer-centric financial services while maintaining the highest standards of integrity and professionalism. Their purpose is to empower individuals, businesses, and institutions by offering tailored financial solutions that enhance their financial well-being and support economic progress.