Credit Associate

Job Description

we are looking for Credit Associate for our client on complete remote base, please reach at sajeed.m@lancesoft.com description: Credit Associate Rate open contract 2 months] complete remote Job Purpose Job holder is mainly responsible for: • Carrying out all ‘maker’ level activities of credit control function ensuring adherence to all applicable bank policies, procedures, regulations and SLA’s. • Perform UAT’s and other tasks assigned by the line manager from time to time related to systems and process improvements. Dimensions Operating Budget NA Number of Staff 2 to 5 Capital Exp. Budget NA Other • Perform as a maker for all Credit Control related activities. • Ensure all transactions are accurately updated. Key Result Areas • Release and maintain limits in various banking systems in line with credit approvals / documentation unit release instructions. • Update covenants in line with the credit approval. • Ensure ‘Zero’ errors in the activities performed. • Ensure that the interest rates, earmarking, reallocation and reinstatement of limits are correctly updated in line with approved terms and conditions. • Ensure all the checklist items are correctly checked and the activities are carried out in line with the standard operating procedures. • Ensure rollovers, settlements, interest/profit adjustments are carried out in an accurate and timely manner. • Maintain project trackers for discounting and monitoring progress payment certificates. • Monitor margin build ups and produce exceptions reports. • Place and release liens/hold/blocks & freeze on deposits, securities, accounts and investments in line with credit approvals. • Report any irregularities in a timely manner. • Prepare and generate credit related reports required for customers, regulators, management, audit etc. on a periodic basis. • Perform UAT’s from time to time for systems enhancement projects. • Ensure “Zero” operational losses • Ensure no audit findings. Operating Environment, Framework and Boundaries, Working Relationships • All activities are performed with “Zero” errors while adhering to the SLA’s and Bank policies & procedures. Problem Solving • Provide support and guidance to stakeholders to solve problems as and when required. Decision Making Authority & Responsibility • Ensure accuracy with “Zero” errors • Ensure delivery of high-quality services with strict adherence to the SLA’s. • Ensure “Zero” operational losses Knowledge, Skills and Experience • Graduate with fair understanding of credit administration activities. • A Minimum of 4 years’ experience in General Banking covering at least 2 years in credit administration related activities. • Good Communications and interpersonal skills. Show more Show less