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Gold Inspector @ Muthoot FinCorp (MFL)

Home > Quality Assurance - Other

 Gold Inspector

Job Description

Main Tasks

  • Physical verification of Gold Packets, Cash including Vault Cash and Foreign Currency as to its correctness with the system records.
  • Checking of ornaments as to its quantity, weight, quality and purity taken for pledge during the current gold inspection period.
  • Checking of greater than 5 months gold packets as to its quantity, weight, quality and purity for which gold inspections were done earlier.
  • Verification of Gold Loan pledge/release documents and reporting of anomalies if any observed.
  • Verifying whether the ornaments pledged under all schemes are solid ornaments and LP/SP ornaments are not accepted for pledge under any schemes.
  • Verification and reporting of any overdue gold loans, Low Purity and Spurious accounts are re-pledged or re-pledged under higher rate.
  • Verification of Documents and ornaments/coins for Swarnavarsham/Shwethavarsham Loans disbursed.
  • Verification of all Gold Loan related products/Packets, MSME Packets, Mahilamitra Loan Packets and Chitty Security Packets etc.
  • Conducting Handing over/Taking over of branch as and when required by the Management and sending reports of the same to BAI Dept.
  • Purity Index updation in the system
  • Verification and sealing of auction related packets.
  • Participating in the Gold Auction conducted in various branches as per the instruction from the Department Head
  • Conducting Special Inspection in Selected branches along with Internal Auditors as per instruction from HO Audit.
  • Verification of Bulk Pledge Packets, Balance Transfer Pledges, Doubtful Pledges as per the instruction from HOD.
  • Conducting Gurukul Training and Appraisal training to be given to Branch staff during Gold Inspection.
  • Other Key activities instructed by the Management on Demand.

Areas Of Responsibility

  • Timely Reporting of discrepancies observed from the new & old packets Verification.
  • Reporting of observations/anomalies which are not rectified by the branch from the earlier inspections.
  • Immediate reporting of spurious ornaments found during the current Gold Inspection.
  • 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.
  • Sending various reports as required by the BAI Dept.
  • Observing and reporting confidentially any malpractices made by the branch staff.
  • Reporting of acceptance for pledge certain type of ornaments like Cumbum chain, Karimani chain etc instructed not to be accepted for pledge by Management.
  • 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.

Job Classification

Industry: NBFC
Functional Area / Department: Quality Assurance
Role Category: Quality Assurance - Other
Role: Quality Assurance - Other
Employement Type: Full time

Contact Details:

Company: Muthoot FinCorp (MFL)
Location(s): Delhi, NCR

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Keyskills:   Gold Appraiser Gold Appraising Gold Loan Operations Gold Valuation Gold Sales

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