Trainee

About the role

YES BANK is actively hiring motivated and detail-oriented individuals for the role of Trainee. This is a brilliant opportunity for Freshers (0 – 1 Years) holding a Bachelor’s degree in Finance, Commerce, or related fields to step into the fast-paced banking and credit operations sector in Mumbai (Santacruz Office).

Responsibilities

• Credit Processing: Ensure credit sanction proposals are processed strictly in line with internal Bank policies and RBI guidelines.
• Documentation Verification: Verify the accurate issuance of Facility Letters alongside all required documentation as per the Credit Approval Memo (CAM), ensuring compliance with credit conditions.
• Quality Assurance: Perform thorough quality checks on system data against underlying documents like CAM, valuation reports, title search reports, RoC, CERSAI, and stock audit reports.
• Disbursement & Exceptions: Monitor exception tracking systems and verify the processing of Disbursement Notices to guarantee NIL operational loss or revenue leakage.
• Reconciliation: Conduct daily reconciliation of internal CASA accounts and General Ledger (GL) balances, identifying and resolving unmatched entries. Reconcile GST-related entries with the GL.
• Financial Analysis: Analyze Stock Statements and Cash flows, computing Drawing Power (DP) for Fund Based facilities and updating the Core Banking System (CBS) accordingly.
• MIS Maintenance: Maintain accurate MIS reports and conduct routine quality checks for the Corporate Administration Department’s portfolio.

Eligibility

• Educational Background: Bachelor’s degree (preferably in Commerce, Finance, Business Administration, or related disciplines).
• Experience Level: 0 to 1 years of experience. Freshers are highly encouraged to apply.
• Core Competencies: Strong communication skills (both written and verbal), excellent analytical abilities with a keen eye for detail in financial reconciliation, basic understanding of banking terms, credit processing, GST, and General Ledger (GL) management.