Loan Processing Officer
The Bank of Punjab
Total years of experience :18 years, 5 Months
, the prime responsibilities are to prepare the Check off list
and Facility Offer Letter, Scrutinizing entire documentation formalities and synchronize them with
Credit Approval, ensure perfection of documentation & security after completion of all documentation
issuance of Disbursement Authorization Certificate in accordance with credit approval.
Other responsibilities include:
* Preparation of daily /weekly statement of advances against shares, its submission to H.O. &
updation of DP according to statement.
* Preparation of charge documents of RCAD C&IBG as per Credit Approval/ Credit lines.
* All Pledge & De pledge related activities i.e. request scrutinizing, system entries.
* Periodic stock inspections of pledged sites as per policy, review reports, follow up for any
deficiency.
* eCIB retrieval for RCAD Corporate, interim updation, preparing monthly eCIB data file and
recovery of eCIB charges etc.
* Verification of prices of pledged items and preparation of weekly D.P to monitor shortfall.
• Scrutinized & completed entire documentation formalities of Opening, updating, activating, freezing and closing of all type of Accounts.
• Issuance & payment of all type of remittances i.e. Payment Order, Demand Draft and CDRs etc.
• Ensured creation of accurate KYC profiles of the customer on internal systems.
• Responsible for the management of the client database for new accounts and periodical review of existing accounts.
• Building relationships with existing clients in an attempt to increase Bank business /deposit, call on prospective clients in order to build new relationship.
• Executed Stop payment and release instructions.
• Issuance of Cheque Books along with maintenance of relevant record and cheque books destruction as per SBP instructions.
• Zakat declaration Form (CZ-50) maintenance.
• Lockers operation.
• Reviewed the systems, procedures & regulatory controls to ensure 100% compliance.
• Analytically & critically highlighted potential risks, ahead of the time.
• Provided on spot guidance & corrective actions to regularize the issues rose by the SBP & internal audit.
• Conducted compliance audits of bank operations, advances and other departments.
• Reviewed account opening /closing/activation documentation & procedures (CD/ PLS / TDRs).
• Coordinated with branch management concerning compliance audit findings and reduction in “Turn around time”.
• Evaluation of mortgage loan application (1003) of USA clients (borrowers).
• Evaluation of borrowers as per lenders’ product.
• Scrutinized all employment, business, personal and property related documents i.e.
credit report of the borrowers, Income verification, Bank Statements, Appraisal Report analysis, Tax Returns, Title Insurance, Hazard Insurance etc.
• Recommendation of borrowers for appropriate lender program by rectification of discrepancies which deviate from product policies.
TRAINING & COURSES
Specialization in Banking. Three Months Internship in a Pakistani Commercial Bank.