Loan Coordinator - Working Capital

Overview

We are seeking a meticulous Loan Processing Executive specializing in Working Capital products such as Cash Credit, Overdraft, Term Loans, and Trade Finance. The candidate will be responsible for managing the entire loan processing cycle from document verification to file logging with multiple banks and NBFC portals, ensuring seamless approval and disbursement.

Primary Responsibilities

• Gather, authenticate, and systematically organize all necessary financial and legal documents including ITR, audited balance sheets, GST returns, bank statements, KYC, and sanction letters related to working capital loans.
• Cross-check loan files against bank-specific checklists to avoid any documentation errors before submission.
• Register and maintain loan applications by creating profiles and logging them on lender operating systems (LOS) across various banks and NBFC platforms.
• Monitor and record login reference IDs ensuring timely and accurate handoff of files to credit managers.
• Perform initial credit and eligibility evaluations based on financial statements and client credit profiles.
• Align client needs with suitable products such as Cash Credit, Overdraft, Dropline OD, Unsecured Business Loans, Letters of Credit, and Bank Guarantees offered by different lending institutions.
• Communicate effectively with bank and NBFC underwriters and credit teams to resolve document or query-related issues swiftly.
• Coordinate necessary property and business valuations, legal report preparations, and field verification checks.
• Maintain consistent follow-up to monitor the loan file progress from submission through credit sanction, documentation, and final disbursement stages.

Required Qualifications

• Bachelor's degree in Commerce, Finance, Business Administration or equivalent discipline.
• Between 1 to 3 years of professional experience in loan processing with a focus on working capital or corporate SME loans.
• Technical proficiency in using bank login portals, financial document analysis tools including GST, ITR, bank statements, and MS Excel.
• Strong attention to detail with an ability to follow up proactively and maintain clear written and verbal communication.

Performance Metrics

• Login Speed: Measures the time taken from collecting documents to submitting loan files in bank portals.
• First-Time Right Rate: Tracks the percentage of files submitted without any documentation errors.
• Sanction Conversion: Percentage of logged applications successfully converted into sanction letters.

Compensation

Salary ranges between 17000 to 25000 INR per month.

Location

Ahmedabad, Gujarat, India