Manager

Role overview

Kotak Mahindra Bank is looking for a Manager in Ahmedabad for a working-capital operations-focused role. The position is intended for candidates with a background in working capital operations, and the work location is Vivan Square, Satellite Road, Ahmedabad, Gujarat 380015.

Key duties

• Check executed legal documents against the documentation grid shared by the legal team, as well as the sanction letter or term sheet issued by the business or credit team.
• Ensure stamp duty compliance in line with the legal stamp duty grid.
• Manage limits and collateral upkeep, including charge creation and release under CERSAI for mortgage, hypothecation, and intangible assets based on sanction terms.
• Update PSL for CCOD products using the PSL template received from the business along with the term sheet or sanction letter.
• Maintain insurance policy records and share the required information with the centralized insurance maintenance desk, based on sanction terms.
• Prepare and release disbursement advice to the loan maintenance team for loan disbursements in LPS, wherever term loan or WCDL facilities are involved at the time of limit setup.
• Issue limit loading instructions to the treasury team for treasury products and to the CMS team for CMS products.
• Process document insertions received after disbursement.
• Close deferrals once the required documents are received from the business unit.
• Track post-disbursement conditions for wholesale and commercial operations in DRS as pre-approved items.
• Hand over files, excluding title deeds, and dockets for title deeds on a property-wise basis, including insertions, to DMT for further action and ensure acknowledgements are received in ET or the register for non-ET transactions, where applicable.
• Submit PDC and SPDCs to the vendor on a weekly basis and obtain acknowledgement.
• Coordinate with auditors and work to avoid audit observations.
• Prepare MIS reports covering daily reporting, pending status, and insertions.
• Confirm with DMT before releasing property documents and verify the property papers before handover to the customer, RM, or customer service.
• Ensure sanction letters are issued only by signatories listed by the business and credit teams.

Eligibility

Only applicants from a working capital operations background will be considered.

Additional information

Location: Vivan Square, Satellite Road, Ahmedabad, Gujarat 380015.

Notes

This is a full-time, on-site role. No stipend or salary details were provided in the source.