Kotak Mahindra Bank
Operations Team Member_WBG Operations (Ops)-Commercial Operations_Chennai
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Performs commercial banking operations including legal-document verification, stamp-duty compliance, collateral and limit maintenance, CERSAI charge management, insurance coordination, disbursement support, post-disbursement tracking, file handovers, audit-query resolution, and MIS reporting. Coordinates with business units, treasury, CMS, loan maintenance, vendors, auditors, and other internal teams to ensure accurate records, timely documentation closure, and compliance with sanction terms and regulatory requirements.
We are looking for a meticulous and proactive Operations Team Member to join our Commercial Operations team within the Wholesale Banking Group (WBG). The ideal candidate will be responsible for verifying legal documentation, maintaining operational records, and ensuring compliance with internal and regulatory standards. This role demands strong attention to detail, excellent communication skills, and the ability to manage multiple tasks efficiently. The candidate will be involved in end-to-end documentation verification, collateral and limit maintenance, insurance policy coordination, and post-disbursement tracking. The role also includes liaison with auditors, MIS reporting, and coordination with various internal teams for seamless operational execution.
ResponsibilitiesVerify executed legal documents as per the Documentation Grid and Sanction Letter/Term Sheet.
Ensure adherence to Stamp Duty norms as per the Legal Stamp Duty Grid.
Maintain limits and collateral records accurately.
Perform CERSAI maintenance including charge creation and release for various asset types.
Update PSL for CCOD products based on templates received from business.
Coordinate insurance policy maintenance as per sanction terms with the centralized desk.
Prepare and release Disbursement Advice to Loan Maintenance Team for loan disbursements.
Issue Limit Loading Instructions (LLI) to Treasury and CMS teams for respective products.
Manage insertions of documents received post-disbursement.
Close deferrals upon receipt of requisite documents from Business Units.
Track post-disbursement conditions in DRS marked as “pre-approved”.
Handover files and dockets to DMT and obtain acknowledgements.
Weekly handover of PDC/SPDCs to vendors and collect acknowledgements.
Liaise with auditors and ensure resolution of audit queries.
Generate and maintain MIS reports including daily reporting, pending status, and insertions.
Confirm release of property and verify documents before handing over to stakeholders.
Ensure sanction letters are signed by authorized signatories as per business/credit list.
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