Trust Operation Officer

• Adherence to RERA (Real Estate Regulatory Agency) guidelines by ensuring compliance to laws issued by land department. To gain a higher internal control while reducing risk potential fraud, additionally ensure that unit minimizes risk for all internal processes.
• To be responsible for feed back to business partners on any issues related to payments.
• To work closely with business partners and make sure that there are no communications gaps in the implementation of policies / procedures.
Key Result Areas
• To prepare all types of payments from Trust A/C’s & ensure that all payments have been processed as per RERA guidelines and SOP.
• To ensure that all Trust and Retention accounts are under account security level code in system.
• To ensure that Bank Guarantees are tracked with proper intimation to developer on expiry of same.
• To ensure Retention recovery & all changes report are checked & filled on daily basis.
• To ensure recover monthly charges & MER circulations.
• Ensuring implementation of approved procedures & policies in the unit for achieving acceptable Audit Rating.
• To assist in finding out automation opportunities to enhance the process.
• To assist in designing /improve operational processes & implement new processes, system enhancement to improve staff productivity, enhance accuracy, reduce repetitions and processing time, and eliminate non-value added activities and increase output quality.
• Controlling errors (if any) and finding out corrective actions for its non repetition.
• To ensure timely processing of all OPS transactions in trust & retention accounts.