Gold Inspector
- Muthoot FinCorp (MFL)
- 1 - 6 years
- Delhi, NCR
- 4 months ago
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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: NBFCFunctional Area / Department: Quality AssuranceRole Category: Quality Assurance - OtherRole: Quality Assurance - OtherEmployement Type: Full timeContact Details:
Company: Muthoot FinCorp (MFL)Location(s): Delhi, NCR+ View Contact
Keyskills: Gold Appraiser Gold Appraising Gold Loan Operations Gold Valuation Gold Sales
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Muthoot FinCorp (MFL)
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