Manager - Credit Administration
- Washington
- Permanent
- Full-time
- Recording all the transactions in the Share Point Workflow system.
- Processing of daily work assigned and ensuring smooth flow of day-to-day activities and transactions.
- Maintaining credit facility files with all the relevant documents received from the Coverage teams, scanning of facility documentation before recording them in the vault for safe custody.
- Preparation and Review of standard & non-standard documentation, Syndicated Agreements, Facility Offer Letters, Security related documents, Internal & External legal opinions and other condition precedent documents, etc. in compliance with sanctioned credit approvals.
- Ensuring all security/support documents have been properly executed, signatures are verified, and authenticities of the signatories are supported by resolution/POA.
- Coordinating with CAD-International team in Head Office/Product Specialists/Coverage and Credit Teams as and when required in order to complete the documentation process/limit release in the Bank's Systems.
- Ensuring approval from relevant authorities is held for deferrals/waiver of any incomplete documents. Ensuring rectification of existing discrepancies/deficiencies (if any) in documentation.
- Preparing and circulating documentation deficiency (expired/deferred documents) reports and following up for its timely submission /renewal.
- Lodging documents and updating of collateral data in the Bank's system.
- Verifying and confirming periodically at the time of renewal/review of credit limits that all required security/support documents are physically held in safe custody and periodic clean-up of old and obsolete facility/security documents upon settlement.
- Reviewing/verifying approvals requested for permanent release of collaterals, security documentation and ensuring that there are no liabilities or outstanding and facilities are cancelled from the system.
- Encoding and releasing of credit limits and ensuring accurate detailing before inputting the same into the Bank's system.
- Maintaining accuracy with regards to application of interest rates, commission, charges and various types of fees.
- Preparing instructions for provisioning of accounts, customer grade changes, suspension of interest changes and write-off entries.
- Preparing Facility Summary Sheet and sharing copies of Loan Agreements to Loan Middle Office for processing Loan Draw Downs, repayment changes, loan settlements and recovery of various Fees & Income.
- Carrying out monthly activities such as review of limits in GLCMS and Core Banking System (T24), amendment of overdraft interest rates as applicable.
- Encoding up to date interest rates codes in the Bank's system.
- Preparing Monthly Activity Report on rotation illustrating the total volume of transactions processed by the department in each month.
- Periodically reviewing the Standard Operating Procedures (SOPs) for Credit Administration Department and providing suggestions to make them more robust from a risk and control perspective.
- Completing the annual Risk and Control Self-Assessment (RCSA) for CAD USA.
- Ensuring the timely closure of internal and external audit observations.
- Updating the annual business continuity plan for CAD USA.
- Preparing and analyzing various reports requested by the Unit Head/Ho CAD/Senior Management.
- Preparing accurate and timely internal and regulatory reporting.
- Ensuring completion of mandatory training requested by the Bank from time to time.
- Bachelor's degree in finance, Accounting, Economics, Commerce or any relevant discipline.
- Minimum 7-8 years with at least 5 years of experience in Credit Admin function and legal documentation within a Financial Institution, preferably with international experience across multinational banks, extensive experience and involvement in credit approval process