Verified Job
Accounting - Finance
Reg Prod MgrInventory Funding
Accounting - Finance
#218788
Remote / WFH
Job Description
Job Description
• Business Acquisition To acquire new business - both (1) taking over of existing dealers, presently having arrangements with other Banks and (2) newly appointed dealers by manufacturers Documentations To have complete knowledge of pre-approval documentations, post approval documentations and try and provide the same as per requirement, always.
• To also master the more complicated documentations for property mortgage, stocks and book debts hypothecation, personal guarantees of dealer owners, stamp duty requirements for respective states etc.
• To ensure FTR most of the time, reduce FTNR.
• Business Enhancement To increase limits of dealers for (1) increase in overall sales, (2) festive season sales increase requirement, (3) opening up of new outlet or dealerships, (4) expanding with other manufacturers (5) expanding with other vehicle types.
• This will require suggesting a proper funding structure to the dealer which suits his requirements by providing a basket of products including Permanent limits, Adhoc limits, TODs, CC limits, Working Capital Term Loans, Regular Term Loans, LAP, LARR, Used Car INF limits, Demo Car limits, Bank Guarantee, Letter of Credit etc.
• Market penetration To have highest possible penetration amongst dealers - manufacturer-wise.
• Not to leave any dealer un-approached.
• If full limits cannot be taken over, at least provide smaller INF or TA limit to have maximum coverage and HDFC Bank presence at the counter.
• For all such dealers, provide best service and keep approaching dealer for complete shifting to HDFC bank in future.
• Products handling In addition to Inventory Funding, sell other working capital products, term loan products and non-funding products such as BG to dealers as per their requirement.
• To try and take-over the existing limits of these limits of dealers with other banks , mostly nationalized Banks, for all dealers having inventory funding with us.
• Regular Servicing To provide regular service to the dealer in terms of getting indents cleared if not going thru STP process.
• Indents getting stuck for approval requirements for items such as CAM expiry, adhoc expiry, documentation deferral etc.
• need to be taken care of.
• To ensure no single indent of the dealer is kept on hold.
• This, in turn, will ensure highest dealer/manufacturer satisfaction, leading to more business.
• Business Acquisition To acquire new business - both (1) taking over of existing dealers, presently having arrangements with other Banks and (2) newly appointed dealers by manufacturers Documentations To have complete knowledge of pre-approval documentations, post approval documentations and try and provide the same as per requirement, always.
• To also master the more complicated documentations for property mortgage, stocks and book debts hypothecation, personal guarantees of dealer owners, stamp duty requirements for respective states etc.
• To ensure FTR most of the time, reduce FTNR.
• Business Enhancement To increase limits of dealers for (1) increase in overall sales, (2) festive season sales increase requirement, (3) opening up of new outlet or dealerships, (4) expanding with other manufacturers (5) expanding with other vehicle types.
• This will require suggesting a proper funding structure to the dealer which suits his requirements by providing a basket of products including Permanent limits, Adhoc limits, TODs, CC limits, Working Capital Term Loans, Regular Term Loans, LAP, LARR, Used Car INF limits, Demo Car limits, Bank Guarantee, Letter of Credit etc.
• Market penetration To have highest possible penetration amongst dealers - manufacturer-wise.
• Not to leave any dealer un-approached.
• If full limits cannot be taken over, at least provide smaller INF or TA limit to have maximum coverage and HDFC Bank presence at the counter.
• For all such dealers, provide best service and keep approaching dealer for complete shifting to HDFC bank in future.
• Products handling In addition to Inventory Funding, sell other working capital products, term loan products and non-funding products such as BG to dealers as per their requirement.
• To try and take-over the existing limits of these limits of dealers with other banks , mostly nationalized Banks, for all dealers having inventory funding with us.
• Regular Servicing To provide regular service to the dealer in terms of getting indents cleared if not going thru STP process.
• Indents getting stuck for approval requirements for items such as CAM expiry, adhoc expiry, documentation deferral etc.
• need to be taken care of.
• To ensure no single indent of the dealer is kept on hold.
• This, in turn, will ensure highest dealer/manufacturer satisfaction, leading to more business.
