Branch Operation Manager-Mm1

Chit Group Management Ensure obtaining PSO and Commencement Certificate.Ensure adherence to Chit Funds Act, 1982 and State Rules.Monitor smooth running of chit groups. Customer Onboarding & Documentation Ensure KYC compliance and quality onboarding.Validate execution of Chit Agreements.Maintain proper documentation. Auction Management Ensure effective auction planning and execution.Supervise proxy participation, bid management, and dividend declaration. Prize Money Disbursement Ensure timely disbursement within TAT.Verify adequacy of securities and documentation. Statutory Compliance & Returns Ensure compliance with Chit Funds Act and State Rules.Ensure timely filing of statutory returns. Collections & Overdue Management Manage prized and non-prized overdues.Ensure strict follow-up and reduction of overdue. Statutory Reserve & Fund Management Ensure statutory reserve compliance.Monitor second account / escrow account. Bid Loss Management (CRITICAL) Ensure zero tolerance for avoidable bid loss.Immediate post-auction follow-up for disbursement or substitution.Track and close all pending bid loss cases.Escalate critical cases without delay. General Branch Operations Oversee instalment collections, vendor payments, bank reconciliation.Ensure accounting and audit compliance.Overall learning and skill development of the TeamSafe custody of documents and Up keeping of branchKey Management and movement KPIs Timely group commencementQuality onboardingAuction performanceDisbursement within TATReduction in bid lossCollection efficiencyStatutory complianceOperational accuracy ACCOUNTABILITY Responsible for delayed disbursement of Prize money, customer escalations, bid loss, delays, compliance failures and documentation lapses. SKILLS Knowledge of chit operations and regulationsStrong ownership and follow-up skills AUTHORITY Operational decisions within policyEscalation authority as required .