CM – DF Porfolio Monitoring & Stock Audit

Hiring for A Leading Private Sector Bank

4 - 9 Years
Mumbai

Job Description

Job purpose:

Dealer funding underwriting unit caters to the needs of dealers of various industries including AU/TW/CV/CE/TR/CD Products. The purpose of this monitoring unit is to complement efforts of portfolio improvement by analyzing the various early warning signals and highlighting the anomalies in order to take corrective actions. The unit will also undertake various activities to ascertain the financial discipline of the borrower.

  • Stock audit
  • Early warning system by way of analysis of following
Churning report
GST reports or other authenticated third party data
Deferral Management
Call memo analysis
CA account Monitoring
End use management in TA accounts
Overdue Monitoring
Complementing NPA recovery by ensuring smooth flow of information
Collateral review, agree on collateral improvement measures and ensure the compliance
Internal and external audit Liaoning
Newsletter
Process and system improvement for dealer finance business


KEY RESPONSIBILITIES

Stock Audit
  • Ensuring complete stock audit via empaneled vendors with strict adherence to the approved process/ policy
  • VIN wise tracking system to be implemented, liasoning with Manufacturer for the implementation of the same
  • Enabling RIC check for stock auditors on quarterly basis
  • Managing all vendors empaneled for stock audit ensuring timely feedback , training, levy of penalty for adverse finding
  • Adherence to defined TAT for stock audit activity
  • Publishing reports of Stock audit, final SOT cases and non-co-operative dealers
  • Ensuring actions such as freezing of limits, VAHAN checks, tracking of SOT confirmation letter
  • Levying of penal interest charges for SOT cases
  • CIF wise data analysis/ System updation of stock audit report
  • Training business, underwriting teams obtaining feedback and institutionalize the feedback into process
  • Review of Stock statement and DP data monitoring
  • Processing of CC audits
  • Ensure accuracy in the SOT report
  • Travel / Visits to dealerships and Stock Audit Vendors to ensure smoother audit processing

Early Warning:

Churning Report (Repayment Cycle/ Tranches of each INF/ TA Dealers). Additionally, comparing same with sales reports.
Cygnet/ GST Returns Analysis to corroborate sales declaration by dealer.

Deferrals Management:

Analysis of Critical Deferrals
Follow Up with Regional Teams on MIS level
Retail Penetration Review & Management

Call Memo Management

Analysis of Call Memo data
Ensuring compliance of Call Memo Policy especially wrt Remarks and Noting of Business and Credit
Sales V/s Deposition Analysis
Limit with others and review of overall limit justifiability
Ensuring discussion with business and underwriting on call memo findings

Monitoring of Transactions Churning in CC/ CA
Monitoring Number of CA/ CC maintained by Customers, Group Companies, Directors and Related Parties with us
Reviewing Transactions Routing with Bank CC/ CA >= Proportion of limits maintained with our Bank
Reviewing transactions Inflow and Outflow of high overdue and high ticket cases
Highlight suspicious transaction and demand explanation from the borrower and conclude
Review of Current account maintained with other banks
Basis above analysis, identify stress cases , highlight and facilitate review

Overdue Monitoring:

Review of Overdue Accounts: Analysis of overdue Industry-wise, Bucket-wise, Geography-wise, RPM-wise etc., and Discussion with all stake holders for high DPD (30+ cases), for root-cause analysis, Correction and tracking the same.
Review of Potential NPA accounts and discussion/ follow-up with all stake holders for Recovery
Commitments (& Minutes) Review and Follow-Up for timelines.
Review and Follow Up of Accounts to be/ labelled as X, as per Credit Labelling Policy.

NPA Recovery/ Legal

Pivotal Role between Business, Special Recovery Team (DFSO), Operations etc.
Providing necessary technical assistance for Recovery Process/ legal cases
Following up with, RM, Legal team for all the Stress/NPA cases where Legal has been initiated
Review and Follow Up of Accounts to be/ labelled as Y & Z, as per Credit Labelling Policy along with DFSO. Update highlights to all stakeholders
Review of Notes applicable for Recovery, Legal cases, Wilful Defaulter Note etc.

Collateral Review

Identify dealers with Lower/ Nil collateral
Ensure reviews with Seniors of Business and Credit for improvement

Internal and External Audit Liasoning

Submission of data asked for by Audit team ( both RBI and Internal Audit) & engage in effective resolution of all the queries raised by the audit teams
Resolution of queries by the auditor
Taking up with policy/ underwriting / business/ operation and other stakeholder for required correction for areas of improvement pointed by auditors
Handling of any Other Inspection Review

Newsletter

Preparation of Internal Newsletter covering 360 degree view of the entire portfolio
Industry Analysis and corroborating the same with the portfolio trend
Monthly review with all the seniors of Business, Credit & Policy
Tracking & Closure of actionable of the reviews

Process/ System Improvements
Liaisoning with Policy team for New Policies, Existing Policies Review & amendments
Liaisoning with Operations for various process related MIS
Enabling New Processes/ improvements/ Deviations, etc in the systems related to Dealer Funding such as IFMS, RAM (CRM),Laser Soft. Implementation of new technologies in this regard
TAT Management - Monitoring TAT of the department & highlighting cases breaching TAT to respective teams
Ensuring smoother MIS for management use
Enabling Reviews periodically Manufacturer, Regional, Industry-wise etc.
Monitoring the Annual Renewal Progress
Liasoning with Analytics team to ensure introduction of system triggers for early warning
Review of Exchange of informations


Educational Qualifications

Essential Post Graduate
Preferable MBA Finance, CA (preferably with higher cadre in the academics)


Key Skills

Knowledge of financial and understanding of different ratios, spreadsheet preparation and understand the functions of different business and trades.
Knowledge of automobile industry.
Analytical skill and ability to find trend with unstructured data.
Should be able to design process basis the functional requirements
A better inter-personal skill, Pro-active, positive attitude, knows how to build portfolio, initiator, and inclination towards customer service.
Multi-tasking personality.
Should be able to handle pressure while ensuring the objectives of the unit are achieved
Good negotiation and communication skills along with robust thinking on different adaptable solutions.
Managerial qualities.

Experience Required
Minimum 5-6 years of experience in the finance industry.

Salary: Not Disclosed by Recruiter

Industry:Banking / Financial Services / Broking

Functional Area:Financial Services, Banking, Investments, Insurance

Role Category:Corporate Banking

Role:Credit Manager-Corporate Banking

Keyskills

Desired Candidate Profile

Please refer to the Job description above

Company Profile

RiverForest Connections Private Limited

A Leading Private Sector Bank
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Contact Company:RiverForest Connections Private Limited