Gold Loan Manager

Muthoot Fincorp Limited


Not disclosed

Work from Office

Full Time

Min. 2 years

Job Details

Job Description

Gold Inspectors


Main Tasks(1) Physical verification of Gold Packets, Cash including Vault Cash and Foreign Currency as to its correctness with the system records.(2) Checking of ornaments as to its quantity, weight, quality and purity taken for pledge during the current gold inspection period.(3) Checking of greater than 5 months gold packets as to its quantity, weight, quality and purity for which gold inspections were done earlier.(4) Verification of Gold Loan pledge/release documents and reporting of anomalies if any observed.(5) Verifying whether the ornaments pledged under all schemes are solid ornaments and LP/SP ornaments are not accepted for pledge under any schemes.(6) Verification and reporting of any overdue gold loans, Low Purity and Spurious accounts are re-pledged or re-pledged under higher rate.(7) Verification of Documents and ornaments/coins for Swarnavarsham/Shwethavarsham Loans disbursed.(8) Verification of all Gold Loan related products/Packets, MSME Packets, Mahilamitra Loan Packets and Chitty Security Packets etc.(9) Conducting Handing over/Taking over of branch as and when required by the Management and sending reports of the same to BAI Dept.(10) Purity Index updation in the system(11) Verification and sealing of auction related packets.(12) Participating in the Gold Auction conducted in various branches as per the instruction from the Department Head(13) Conducting Special Inspection in Selected branches along with Internal Auditors as per instruction from HO Audit.(14) Verification of Bulk Pledge Packets, Balance Transfer Pledges, Doubtful Pledges as per the instruction from HOD.(15) Conducting Gurukul Training and Appraisal training to be given to Branch staff during Gold Inspection. (16) Other Key activities instructed by the Management on Demand.
Areas Of Responsibility(1) Timely Reporting of discrepancies observed from the new & old packets Verification.  (2) Reporting of observations/anomalies which are not rectified by the branch from the earlier inspections.(3) Immediate reporting of spurious ornaments found during the current Gold Inspection.(4) Verifying the each and every release of Gold Ornaments made during the period of inspection as the GI act as Joint Custodian during the period of audit.(5) Sending various reports as required by the BAI Dept.(6) Observing and reporting confidentially any malpractices made by the branch staff.(7) Reporting of acceptance for pledge certain type of ornaments like Cumbum chain, Karimani chain etc instructed not to be accepted for pledge by Management. (8) Verification of Gold Ornaments     pledged by Pawn     Brokers and give instruction to Branches to strictly avoid it &     verification of Gold Packets relating to registered letters     returned.
Special Requirements-
Compensation BandBased on Market Standards/Internal norms
EntitlementsAs per policy
Stake HoldersMFL Staff, Group Company Staff
Assets RequiredAs per policy
Career ProgressionAs per policy
Educational QualificationMinimum Graduation with 2-3 yrs of Gold Appraisal experience Preferred.  Willing to Travel.
Technical QualificationBasic Computer Knowledge, esp.MS Office applications mandatory
Communication SkillConversant in local language & English (proficiency in read, write and speak required)

Job role

Work location



Banking / Insurance / Financial Services

Role / Category

Banking Operations

Employment type

Full Time


Day Shift

Job requirements


Min. 2 years

About company


Muthoot Fincorp Limited

Job posted by Muthoot Fincorp Limited

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