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Job Description

AB Housing Finance Limited

Lead Reconciliation

Location: 10thflr R-Tech Prk Goregaon E, Maharashtra

Job Description

4) Key Result Areas: Write the key results expected from the job and the supporting actions for each of these key result areas (For a majority of jobs typically there could be 4- 7 key result areas)

Key Result Areas  

Supporting Actions

Bank Reconciliation

  • Reconciliation - 100% error free recon and early identification of open book and bank entries 
  • Early identification of errors in pre/post disbursement activities to ensure NIL operational loss
  • Publishing Recon MIS to all the stakeholders on defined frequency and submission of Recon month reports to Operations - Head 
  • Implement RPA for Auto recon
  • System functionality to be reviewed continuously to refine logic to avoid any escalation from customer

 

 

 Liaising  

  • Open Recon entries - Engaging with Accounts / Collection and Internal Ops stakeholders for identification and accounting of open bank credits.
  • Interacting with the banking partners for bank statement related and process improvement activities
  • Co-ordinating with the Branch Ops for pending CKYC documents which are required for CKYC updation.

 

Process Re-engineering & Process gap identification

  • Review technical processes and suggest improvements, innovate on existing processes which have direct impact on Cost / Revenue / Customer experience
  • Regular vigilance on existing processes and identifying and plugging gaps, if any
  • Registering at least 3 process improvement ideas
  • Enhance most of the reporting’s are automated to reduce manual dependency.

 

 

Monitoring Activities

  • Process Monitoring all MIS (pertaining to Bank account / Internal Account / Excess ) and highlighting gaps
  • ·         Monitoring of CKYC updation of all borrowers/ co-borrowers 
  • ·         Monitoring of Cersai registration of all Assets 
  • ·         Loan Agreement dispatch monitoring
  • ·         Welcome Letter dispatch monitoring
  • ·         Fortnightly publish of excess credit MIS to all the relevant stakeholders

 

 

Team Development

  • ·         Regular training and guidance to the team members to ensure appropriate understanding of processes and expectations.
  • ·         Highlight critical problem to relevant stakeholders and closure
  • ·         Nominate team members for functional trainings as well based on need 

 

 

Audit and Compliance

  • ·         Ensure NIL critical observation in Internal, external, concurrent and regulatory audits

 

Minimum Experience Level

5 - 7 years

Job Qualifications

Graduate Diploma

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