Job Description

Company Name: VARITE India Private Limited
About The Client:
One of the oldest banking instituitions in the UAE and Middle East. The Client provides a range of conventional and Islamic banking services, including personal banking solutions such as deposits, loans, and credit cards. The bank also offers corporate and investment banking services, including corporate finance, investment advisory on mergers and acquisitions, initial public offerings (IPOs), and underwriting
About The Job:

• Carrying out all 'maker' level activities of credit control function ensuring adherence to all applicable bank policies, procedures, regulations and SLA's.
• Perform UAT's and other tasks assigned by the line manager from time to time related to systems and process improvements.

Essential Job Functions:

• Perform as a maker for all Credit Control related activities.
• Ensure all transactions are accurately updated.

Key Result Areas

• Release and maintain limits in various banking systems in line with credit approvals / documentation unit release instructions.
• Update covenants in line with the credit approval.
• Ensure 'Zero' errors in the activities performed.
• Ensure that the interest rates, earmarking, reallocation and reinstatement of limits are correctly updated in line with approved terms and conditions.
• Ensure all the checklist items are correctly checked and the activities are carried out in line with the standard operating procedures.
• Ensure rollovers, settlements, interest/profit adjustments are carried out in an accurate and timely manner.
• Maintain project trackers for discounting and monitoring progress payment certificates.
• Monitor margin build ups and produce exceptions reports.
• Place and release liens/hold/blocks & freeze on deposits, securities, accounts and investments in line with credit approvals.
• Report any irregularities in a timely manner.
• Prepare and generate credit related reports required for customers, regulators, management, audit etc. on a periodic basis.
• Perform UAT's from time to time for systems enhancement projects.
• Ensure "Zero" operational losses
• Ensure no audit findings.
• Operating Environment, Framework and Boundaries, Working Relationships
• All activities are performed with "Zero" errors while adhering to the SLA's and Bank policies & procedures.
• Problem Solving
• Provide support and guidance to stakeholders to solve problems as and when required.

Decision Making Authority & Responsibility

• Ensure accuracy with "Zero" errors
• Ensure delivery of high-quality services with strict adherence to the SLA's.
• Ensure "Zero" operational losses

Qualifications:

• Graduate with fair understanding of credit administration activities.
• A Minimum of 4 years' experience in General Banking covering at least 2 years in credit administration related activities.
• Good Communications and interpersonal skills.

How to Apply: Interested candidates are encouraged to respond/submit their updated resumes, and for additional job opportunities, please visit
Unlock Rewards: Refer Candidates and Earn.
If you're not available or interested in this opportunity, please pass this along to anyone in your network who might be a good fit and interested in our open positions. VARITE offers a Candidate Referral program, where you'll receive a one-time referral bonus based on the following scale if the referred candidate completes a three-month assignment with VARITE.
Experience Level Bonus Referral: 0-2 years INR 5,000
2-6 years INR 7,500
6+ years INR 10,000
About VARITE: VARITE is a global staffing and IT consulting company providing technical consulting and team augmentation services to Fortune 500 Companies in USA, UK, CANADA and INDIA. VARITE is currently a primary and direct vendor to the leading corporations in the verticals of Networking, Cloud Infrastructure, Hardware and Software, Digital Marketing and Media Solutions, Clinical Diagnostics, Utilities, Gaming and Entertainment, and Financial Services.
Equal Opportunity Employer:
VARITE is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees. We do not discriminate on the basis of race, color, religion, sex, sexual orientation, gender identity or expression, national origin, age, marital status, veteran status, or disability status.