Associate Relationship Manager -Transaction Banking
- M1xchange
- 1 - 4 years
- Hyderabad
- 4 months ago
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Job Description
Associate Relationship Manager: Transaction Banking
Experience: 2 To 5 Years
Location: Hyderabad
Role: Associate Relationship Manager: Transaction Banking
About Us:
M1Xchange is an RBI licensed TReDS platform (Trade Receivables Discounting System) enabling thousands of MSMEs to get their receivables paid early and grow their business. The platform enables MSMEs to discount their approved invoices pending with corporate buyers basis a unique bidding model from 55+ banks and NBFCs to get the best interest rates for the transaction. With a focus on driving financial inclusion and providing cutting-edge services, we are poised for rapid growth and expansion.
Website : https://www.m1xchange.com/
About Role:
As a Transaction Manager in our company, the candidate will be responsible for overseeing the end-to-end conversion of individual transaction from various clients across different bank limits. The candidate will need to ensure that the transactions are carried out seamlessly within the scheduled TAT and budget. The candidate will also be required to periodically update seniors/management personnel, and clients on any prospective transaction-related changes and/or deviations.
To ensure success as a Transaction manager, you should have a complete understanding of the products, process, and be able to proactively spot any transactional challenges and solve them as quickly as possible. Ultimately, a top-notch Transaction manager should demonstrate mastery of the Transaction process to minimize any associated costs or risks.
Job Responsibilities
- Closely interacting with the users on the client (supplier/buyer) side to post bills/invoices on the platform.
- Handhold the buyers and MSME suppliers on the procedure and documentation required to upload and accept the bills/invoices. Most of the communication and correspondence with the clients is expected to happen over mail/phone.
- Analysing any requests for changes in transaction documents/ process flow and consulting with management to deny or approve the proposed changes.
- Estimating, projecting and preparing plans for discounting of bills/invoices on a daily basis.
- Creating Transactional plans and documents to outline expectations, scope, schedule, and budget requirements.
- Coordinating with the internal teams (Banking teams) to ensure timely and suitable bids from Banks/financers.
- Co-ordinating with the users at client end (Buyers), our RMs, and Banking teams to get the bids placed by financers accepted by the clients for processing/disbursement.
- Keeping all parties involved with the Transaction updated on its progress by Producing and maintaining summary reports for scheduled and completed transactions.
- Monitor leads provided by customers carefully and make sure smooth on boarding.
Profile and Qualifications
- At least 1 year experience in Transaction management and handling digital transactions.
- Awareness of trade finance and related transactions and associated documentation, tools, and templates.
- Bachelors degree in business, Finance, or a related field. MBA is a plus.
- Strong analytical and problem-solving skills.
- Effective communication and interpersonal skills.
- Proven ability to work collaboratively in a fast-paced, dynamic environment.
- Digital Experience.
- Solutioning Skills
- Analytical Skills.
Job Classification
Industry: FinTech / PaymentsFunctional Area / Department: BFSI, Investments & TradingRole Category: BFSI, Investments & Trading - OtherRole: BFSI, Investments & Trading - OtherEmployement Type: Full timeContact Details:
Company: M1xchangeLocation(s): Hyderabad
Keyskills: Transaction Banking Corporate Sales Transaction Management Commercial Sales
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M1xchange
M1xchange TReDS is a digital marketplace to sell the receivables to banks/NBFC set up under the approval of Reserve Bank of India (RBI) to facilitate the discounting of invoices and bills of exchange on a PAN India basis. For more details kindly visit our website : https://www.m1xchange.com/
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