03 Jan 2023
wnmo
Credit Concurrent Audit
Mumbai
5-6 Years
unsecured loans, Finance, Audits, credit audit, financial ratios, Chartered Accountant, loan against property, Concurrent Audit
Job Description
Position: Credit Concurrent Audit
Qualification: CA
Experience: 5 to 6 years
Location: Mumbai
Responsibilities
Qualification: CA
Experience: 5 to 6 years
Location: Mumbai
Responsibilities
- Job involves participating in all aspects of Credit Audit for Loan against Property, Unsecured Loans, Used Commercial Vehicles.
- Independently conduct loan review/credit audit of appraisal.
- Independently review on the compliance to company’s laid down policies with regard to sanction process, assessment, adequacy of documentation.
- Assessments, conduct independent review of pre sanction processes in line with prudent credit practices and internal policies
- Analyzing the various key financial ratio/indicators with the CAM and financial documents
- Review of post sanction activities are in line with internal processes and guidelines.
- Assist in planning, designing and implementation of audit plans.
- Ensure completion of assigned audit activity commencement and completion as per the plan
- Escalation and discussion on audit finding with respective stake holders before finalisation of reports
- Follow-up with respective verticals for closure and compliance of the audit findings
- Audit sampling and submission of reports within stipulated timelines.
- Assist in preparation of audit checklists for use of Credit audits
- Provide improvement suggestions to the existing process/systems to line manager/management
- Work with the audit teams and internal stakeholders for timely closure of all audit related points
- To standardize all audit related submission month on month to facilitate internal teams for better coordination
- Assist in improving the efficiency levels and improving control environment
- Report non-compliance and deviation and assure safeguards