Team Member - Loan Servicing - Secured

Overview

Join Aditya Birla Capital as a Team Member in the Loan Servicing team focused on secured loan products. This role is pivotal in managing timely loan disbursements, repayment processing, and loan account adjustments across various secured loan portfolios including wholesale and retail customer segments.

Key Responsibilities

• Ensure punctual loan disbursements by validating details against approved disbursement memos and sanction terms.
• Verify repayment applications by reviewing bank statements and payment postings across corporate secured and retail verticals.
• Coordinate with secured product lines including wholesale/large corporates segment involving Term Loans, WCDL, LOC, DLOC, LAP, LRD, and investment products such as NCDs.
• Execute part prepayments promptly and accurately reflect these in the system as per requests.
• Upload revised repayment schedules following loan rescheduling in exceptional cases within the system timely.
• Implement changes such as rate of interest (ROI), tenure, EMI amounts, and due dates promptly based on received requests.
• Issue Full Closure (FC) letters within established turnaround times.
• Monitor foreclosure payments, update records, and process loan account terminations accurately in the system.
• Handle refund processing related to loan termination, cancellations, and excess payments, subject to authorization and proper documentation.
• Create adhoc receivables or dues as approved by the respective authority with valid documentation.
• Process adhoc payables and waivers following approval procedures and documented requests.
• Conduct client and bank reconciliations regularly to ensure accuracy.
• Manage moratorium periods and loan restructuring cases based on updated communication and necessary approvals.