Manager - Credit Control and Sanctions
First Abu Dhabi Bank, FAB GBS India Pvt.Ltd
Total years of experience :13 years, 1 Months
Business Accountabilities:
BAU activities and CAD Documentation/FOL/CA review and MIS Reporting
Adherence to credit policies, DOA matrix and procedures before activation of limits in system.
Minimize operational risk by ensuring that all the transactions are encoded and released in compliance to the underlying instructions, Credit approvals, and other relevant control
Ensure that all transactions are performed with “Zero” errors and adhering to the TAT’s and SLA’s ensuring delivery of satisfactory services to various stakeholders, Adhere to strict compliance with Bank policies & procedures and ensuring of compliance of all approval conditions before activation of limits in system
Monitoring customers limits portfolio, checking expiring / expired annual review of credit facilities.
Thourough review of Facility offer letter and Credit Application Face before any step for limit loading
OD PPC discounting and settlement based on RM and Credit approvals
Various types of fee recovery (Management/Arrangement/Commitment/Upfront etc) to be processed based on FOL and signed customer request in line with business requirement
Sending IOM to loan operations team to release of Loan disbursal based on customer request and in line with Term Loan Agreement with regards to Pricing/repayment schedule/Maturity date etc
Handling complex loan restructuring for the segments of PCG /CCB/ IBG clients and successful implementation of the same in system in co-ordination with business and loan operation team
Sending IOM to TFU team for pricing, margin change in any of unfunded facilities based on FOL/credit approvals
Releasing clean overdraft/OD against Shares/TOD etc based on credit approvals post checking all the necessary Collaterals/Margin/FD held in system if any and subsequently link the Fixed deposit to OD account in T24
Periodic review of Account Debit/Credit Interest for various IBG/CCB/PCG customer accounts
Applying waiver of minimum balance charge to customer accounts and updation of special Foreign exchange rate in system based on approvals of DOA
Encoding all Global Market Limits such as PSR/IRD/FX/Settlement Risks/Lending MM etc basis the GM documentation in place and releasing the limit post checking the ISDA executed or LFC document in place
Sending various Global Market Reports on daily basis to business stakeholders (MTM/Single Issuer Risk/Exception)
• Engaged in:
o Encoding/Authorizing of credit limits related to credit facilities and ensuring accurate detailing before inputting/authorizing the same into the Bank’s system
o Maintaining accuracy with regards to application of interest rates, commission, charges and management fees.
o Processing/Authorizing day-to-day transactions - Loan drawdowns, Settlements, Amendments, processing tickets, Progress Payment Certificate discounting and dropping and adjusting overdraft against shares as per daily shares valuation report.
o Carrying out monthly activities such as review of limits in GLCMS, amendment of interest rates of Overdraft pricing linked to Fixed Deposit and deferring loan instalments or extending loan maturity date.
o Liaising with FINCON for provisioning of accounts, customer grade changes, suspension of interest changes and passing write-off entries.
o Issuing IOMs to TBO-Loans for loan draw downs, repayment changes, loan settlements and collection of multiple fees like management fees, commitment fees, processing fees.
o Issuing instructions to TBO-ACC for release of excess FD margin held against facilities as per approval.
o Issuing Liability and No Liability Letters for the customers.
o Maintaining Bank and Country Limits as per approval.
o Maintaining up to date interest rates codes in the Bank’s system.
o Preparing Daily / Monthly Activity Report on rotation illustrating the total volume of transactions processed by the department in each month.
o Preparing and analysing various reports requested by the Unit Head/HoCAD/Senior Management .
o Maintain satisfactory working relationship with CIBG/IBG/RBG/PCG Business, Technology and Operations Teams.
o Ensure that agreed turnaround times adhered at all time
o Ensure Audit rating maintained as “Satisfactory.
System Software : Contrakt Soft (C-Soft)-Oracle
•Accountabilities: o Booking of subcontractor certificate in books (basis cumulative work done according to the work certified and completed at project/site), GL, Prepaid & Job related expenses on timely basis o Maintaining supplier invoices (VAT input receivable) v/s customer sales booking (VAT output payable) o Payments process for due invoices, coordinating with new suppliers to create purchase orders and ensure suficient budget for disbursement o Margin money/Fixed deposits/Term Loans by banks bookings and accounting in system and follow-up o Associate/Inter-company expense bookings/ internal fund transfers / workdone bookings and reconciliations. o Overhead expenses booking (Indirect expenses-Misc, Travelling, Rent, Postage, Staf welf, BP, Bank chgs, Int etc) o Supplier/Customers Ageing report scrutiny and correct settlement of bookings vs payments o Accounts Payable all functions (LPO, GRV, SRV, MN, Purchase Invoices bookings) o Finalization of balance sheet and P&L accounts under the supervision of Sr.VP & Dy.Manager-Accounts o Reconciliations of all GL accounts and AR/AP module for closing purpose.
•Review: o Revenue & expenses arising out of operating activities, internal inflow/outflow of cash arising due to term loan, bills discounted/cheques discounted/trust reciepts and other associate companies o Cheking whether all bank charges, bank interest, commission & so on are reflecting in statement as per the regular bank norms and accounting the same in books.
•Reports: o Prepare Bank guarantee/Import LC/Export LC request and process to bank with necessary documents o Transaction in books related to bank guarantees like BG charges, bank commission, interests and margin money taken by bank for the issue of BG, Supplier purchase invoices, Transactions related to LC shipment at the time of final payment from bank
•Processing the petty cash entries for all QIG functions by providing and logging cash advances up to certain limits so that employees have the financial resources to work more efectively
•Calculating fixed asset related costs like depreciation, amortization, & asset under construction; preparing relevant reports
•Reporting accounting activities of direct /indirect overheads to senior management as per the actual vs budgeted plan
•Scrutinizing full Trial Balance and all General Ledger Accounts
System : Scala (ERP System) Highlights:
•Managed Accounting of all expenses and commission payable to the CSA and other vendor invoice bookings
•RTGS /NEFT transactions and bank guarantee procedures
•Monthly payment of TDS- expenses and salary; Value Added Tax (VAT) and R&D cess
•Booking of invoices related to creditors for expenses-HR, GM, IT, Sell and Marketing
•TDS taxation process Deductions, Payments & Return filling in India handled independently
•Expense and travel related import payments via. Form A-2
•Finished products related import payments via. Form A-1
•Export documentation with all the necessary documents like shipping bill, Bill of lading, Form SDF etc.
•Received confirmations from CSA and export customer balances
•Assisted Senior Manager in filling of VAT returns on quarterly basis
•Cash, petty cash vouchers preparations & maintaining MIS
•Preparation of all import & export related documents and timely submission to bank
•All Statutory payments on due date (Service Tax, TDS, Advance Tax, Excise duty)
•Management of financial treasury related activities tracker (Fixed Deposit, Loans etc)
Highlights:
• Bank Reconciliation Statement, BP/BR entries
• Passing all necessary Journal entries, GL & SL scrutiny on quarterly basis.
• Trial Balance, Petty cash, Handling all RTGS & NEFT transactions, Bank Guarantee & LC procedures
• Preparing & maintaining MIS, Foreign Inward & Outward remittance
Specialization in Finance , Accounts and Taxation