Company Profile
State Bank of India (SBI) a Fortune 500 company, is an Indian Multinational, Public Sector Banking and Financial services statutory body headquartered in Mumbai. The rich heritage and legacy of over 200 years, accredits SBI as the most trusted Bank. SBI Singapore (SBIS) has 5 retail branches, 19 SBIS ATMs and over 200 ATMs via the shared island wide ATM5 network.
SBIS has a suite of retail banking products which complement its existing corporate banking products thus enabling us to service both individual and corporate customers. In Commercial and wholesale banking, our areas of operation include ASEAN, South East Asia and South Asia.
SBIS leverages on its extensive international network of branches to offer a wide range of Import/Export Trade Finance Services, in both Singapore Dollar and foreign currencies to facilitate the business needs of customers.
Responsibilities
Daily rollover of loans:
- Rollover tickets (accounts allocated as on date)
- Preparation of Funds Positioning sheet (daily)
- To record in the relevant Borrower’s loan register the loan rollover details
- To record transaction in the Loan register
- Checking interest / instalment debit in Nostro, if not to check with systems or pass the necessary entries to rectify the error
- Change interest rates and rollover details in Finacle
- To check if correct interest / instalment has been received in the Nostro statement, if not to follow up with Borrower or Agent through mail or telephone accordingly. To record in register if funds received
- To prepare advice to Borrower for next rollover period
- For loans as the Agent or Nodal Branch, to prepare all of above and also prepare interest / instalment payments (MT202) and all relevant advices to participants
Disbursements (both new and existing)
- In Finacle: setting of limits, creation of loan account, disbursement of loan
- Assisting Credit officers in preparation of approval note for disbursement to SVP(CA) /CEO
- Assisting Credit Officers in sending confirmation messages to Agent banks on disbursements
- To prepare Financial payment messages (MT103/MT202) and other non-financial messages (MT199/MT299/MT999) through Finacle.
- For loans as the Agent or Nodal Branch, prepare all relevant advices to participants.
Others
- Preparation of advices to Borrowers or participating Lenders for disbursements, rollovers and all loan operation matters
- Assisting Credit Officers in follow up on payment i.e. sending reminders and calling Borrowers
- Recording all system postings made and advices sent in relevant backup registers
- Preparation and posting of all other loan related payments (fees, remittances, expenses, current account maintenance)
- Posting and recording of various fees and payments due upon receipt and checking if proper
- Data extraction for various reports/returns to be submitted within the branch, IBG, MAS and Auditors.
- Filing of relevant documents in respective Borrower’s files
- Opening of new credit files when necessary
- Packing files to warehouse
- Preparation of audit confirmations requested by Auditors and Borrowers
- Maintenance of Drawing Power for loan accounts in system
- CCDP/CISLA data checking. Checking MIS site
- MAS 610 Data checking
- Generating Country Risk return and checking
- Checker of daily transactions in Finacle
- Interest Test check
- Assisting the Credit officer in checking correctness of data in calculating branch ECL figures.
Perform any other duties assigned by supervisors to support operational requirements.
Requirements:
- Diploma or Degree in Banking & Finance, Business Administration or a related discipline
- Minimum 2 years of relevant work experience
- Proficient in Microsoft Office applications (Outlook, Excel, Word & PowerPoint)
- Detailed-oriented and meticulous
- Strong written and verbal communication skills
- Able to commit to the full 4-6 months contract period
