AU Small Finance Bank—Senior Gold Appraiser - Gold Loan

Job description

Description: Group Company: AU Small Finance Bank Limited Designation: Senior Gold Appraiser - Gold Loan Office Location: Position description: #*Position description*# Primary Responsibilities: #*Primary Responsibilities*# Additional Responsibilities: #*Additional Responsibilities*# Reporting Team - Reporting Designation: #*Reporting Designation*# - Reporting Department: #*Reporting Department*# Educational qualifications preferred #*Education and Experience*# - Category: #*Category*# - Field specialization: #*Field specialization*# - Degree: #*Degree*# - Academic score: #*Academic score*# - Institution tier: #*Institution tier*# Required Certification/s: #*Required Certification/s*# Required Training/s: #*Required Training/s*# Required work experience - Industry: #*Industry*# - Role: #*Role*# - Years of experience: #*Years of experience*# Job Brief:- AU Small Finance Bank Limited is seeking an experienced professional to lead the valuation and appraisal of gold assets within our Operations and Services department. This role demands a high level of expertise in gold appraisal to support the bank's gold loan portfolio, ensuring accurate and timely assessment of gold collateral. The candidate will play a critical role in risk mitigation, compliance adherence, and operational efficiency, contributing to the bank's commitment to secure and customer-centric financial services. This position requires a detail-oriented individual with strong analytical skills, deep knowledge of gold valuation standards, and the ability to work collaboratively with cross-functional teams to uphold the bank's reputation and regulatory standards. Responsibilities:- - Conduct precise and comprehensive appraisal of gold items submitted as collateral for gold loans, ensuring adherence to industry standards and bank policies. - Evaluate the purity, weight, and market value of gold assets using advanced testing methods and tools to determine accurate loan eligibility. - Collaborate with the credit and risk management teams to provide timely and reliable valuation reports that support loan sanctioning decisions. - Maintain up-to-date knowledge of gold market trends, pricing fluctuations, and regulatory changes impacting gold loan operations. - Ensure compliance with all regulatory guidelines and internal audit requirements related to gold appraisal and loan processing. - Train and mentor junior appraisers and operations staff on gold valuation techniques, quality control, and operational best practices. - Implement and continuously improve appraisal processes to enhance accuracy, reduce turnaround time, and minimize operational risks. - Coordinate with branch and regional teams to resolve discrepancies in gold valuation and support customer queries related to gold loans. - Prepare detailed documentation and maintain records of all appraisals for audit and regulatory review purposes. - Participate in periodic internal and external audits to validate appraisal procedures and ensure adherence to compliance standards. Skill:- - Gold Purity Testing - Karats Measurement - Market Price Analysis - Risk Assessment in Gold Loans - Regulatory Compliance for Financial Services - Use of Gold Testing Instruments (e.g., XRF Analyzers) - Report Preparation and Documentation - Team Leadership and Training - Operational Process Improvement - Cross-functional Collaboration - Audit and Quality Control - Customer Service in Financial Products Preferred Qualifications:- - Bachelor’s degree in Finance, Commerce, Gemology, or a related field; certification in gold appraisal or gemology is highly desirable. - Minimum of 5 years of experience in gold appraisal within the financial services sector, preferably in gold loan operations. Key Performance Indicators: #*Key Performance Indicators*# Required Competencies: #*Required Competencies*# Required Knowledge: #*Required Knowledge*# Required Skills: #*Required Skills*# Required abilities - Physical: #*Physical*# - Other: #*Other*# Work Environment Details: #*Work Environment Details*# Specific requirements - Travel: #*Travel*# - Vehicle: #*Vehicle*# - Work Permit: #*Work Permit*# Other details - Pay Rate: #*Pay Rate*# - Contract Types: #*Contract Types*# - Time Constraints: #*Time Constraints*# - Compliance Related: #*Compliance Related*# - Union Affiliation: #*Union Affiliation*#