Job Description

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About Rural Lending - Microfinance

The program aims to lend small ticket unsecured loans in the range of INR 10k to 50k to economically active poor women individually or under Joint Liability Group (JLG) through Business Correspondent channel

About the Role

Why does the role exist?

To support business with business correspondent (BC) in order to scale the microfinance business

What is its contribution towards the organization?

This role contribute in effective roll-out of product, processes and policies for smooth functioning of business which in turn contribute to organization goal.

What is the size of the operation the position manages and supports?

The position will manage specific BC branches assigned and identified potential of the geography

Key Responsibilities

Business Development

Monitoring the business targets to assigned BC branches

Conducting 100% client verification (including KYC check) in person for clients identified by BC

Conducting house verification on sample basis

Liaising between BC branch and Bank for smooth implementation of business

Portfolio Supervision

Monitoring of BC field activities such as CGT, GRT, disbursement and collections

Ensuring that the policies and processes prescribed for the BC business is implement in assigned BC branches

Assist BC branches in generating MIS and submission to Bank as required

Audit & Compliance

Review the audit reports of BC branches and monitoring compliance of the same

Ensuring resolutions to Process Manager reports are submitted within the stipulated timeframe

Handling BC branch queries and coordinating with stakeholders to resolve the same

Skills:

Excel

About Company:

Axis Bank is the third largest private sector bank in India. The Bank offers the entire spectrum of financial services to customer segments covering Large and Mid-Corporates, MSME, Agriculture and Retail Businesses. The Bank has a large footprint of 4,594 domestic branches (including extension counters) with 11,333 ATMs & 5,710 cash recyclers spread across the country as on 31st March, 2021. The Bank has 6 Virtual Centres and has over 1500 Virtual Relationship Managers as on 31st March 2021.The Overseas operations of the Bank are spread over eight international offices with branches at Singapore, Dubai (at DIFC) and Gift City-IBU; representative offices at Dhaka, Dubai, Abu Dhabi, Sharjah and an Overseas subsidiary at London, UK. The international offices focus on Corporate Lending, Trade Finance, Syndication, Investment Banking and Liability Businesses