Verification Officer

Job Description:

  • Post Disbursement Verifications of Loans disbursed during the preceding month.  The officer will do verification of 20% loan cases disbursed by the branch during previous (preceding) month. CMD will provide list of 20% borrowers disbursements made during a month and the officer will perform post verification of said borrowers on following parameters. Keeping in view the risk profile of concerned branch, the sample maybe increased by CMD.  To verify credit worthiness.  Reputation of customer.  Ensure the loan was utilized for the purpose it was taken off.  Repayment capacity of the Borrower.  Ensuring existence of borrower and guarantor & their businesses (economic activity) through verification of home & business addresses etc. and interacting with applicants / guarantors.  To assess whether borrowers and guarantor know & understand important loan terms, repayment amounts, due date of repayments and guarantee concept and their obligations in case of non-payment.  To identify any severe nature non-compliance during verifications.  Report regarding the field observations to be submitted to Credit Management Department on monthly basis so as to reach the report 10th of every month.  Pre verification of the borrower’s credentials on need basis when required by Credit Management Department (CMD), HO.  Responsible to ensure that before submission of loan application and documents for approval, the case is in compliance with the bank Credit Policy & Procedures and other guidelines circulated from time to time.  Responsible to ensure accuracy of data input made in credit MIS from source documents related to cash flow & Loan applications.  Ensure prevision/attachment of positive E-CIB report of the borrower with the case.  On the time of onboarding goldsmiths on the branch panel, VO to verify his credentials as per the banks policy.  Visit the Goldsmith on the Bank panel on quarterly basis and submit the report to CMD latest by 6th of the following month.  Submission of all verification MIS/reports as per prescribed format to CMD on monthly basis latest by 5th of the following month.  Verification of the prospective BB customers if the working within functional limit of the branch.  Any other assignments received from Manager Credit verifications. Reporting, Record/Data Maintenance and System Security  Ensure adequacy and timeliness of daily / weekly / monthly reports as per schedule & guidelines.  Maintain related records /data / information, etc. as per defined procedures.  Maintain & secure Credit MIS / files from unauthorized access, programs. Co-ordination in the Branch  Coordinate & align activities with branch management to cope with seasonal business fluctuations & credit cases flow.  Ensure following defined turnaround times as per approved SLAs.

  • Hold a Bachelor’s degree from a reputable Institution in the fields of Business Administration/Banking & Finance/ Agriculture/Economics/Accounts. Have 1-2 years of credit and / or operations related experience.

  • Micro Finance Banking experience Proficient in MS Office Negotiation Skills Sound communication and interpersonal skills

  • Excellent presentation skills. Ability to work under pressure.

Job Specifications:

  • Bachelor’s Degree (BBA, MBA, Bcom, Mcom)

  • Compliance & Field Work

  • Proficient in MS Office

  • Micro Finance Banking experience Negotiation Skills Sound communication and interpersonal skills

Job Locations:

  • Daryakhan Branch
Short Description
  • Job Type:

  • Job Experience:

    1.00 years
  • Positions:

  • Posted On:

    Oct 20, 2021
  • Last Date:

    Nov 23, 2021