Asutosh Mohanty
Hyderabad
Summary
Accomplished Lead Loan Servicing Representative with a robust background at WELLS FARGO, showcasing expertise in LoanIQ for servicing & trade settlement. Demonstrated leadership in migrating processes and enhancing team proficiency. Renowned for analytical prowess and exceptional problem-solving skills, driving efficiency and quality control in high-stakes environments.
Overview
7
7
years of professional experience
Work History
Lead Commercial Loan Servicing Representative
WELLS FARGO
Hyderabad
09.2024 - Current
- Responsible for quality control and looking at the queries of the deal admins.
- Review and approve 100 or more servicing transactions using the Loan IQ application on a daily basis.
- Along with the quality control in the servicing team, I also help the agency trade execution and settlement team on high-volume days.
- In the agency trade side, I work on secondary trades. Pull the trade SDC report from Clearpar, check the lender's tax validity, position, check for the Affiliation letter or Borrower's consent if required, and finally, execute the trade in Clearpar.
- Once the trade is executed in Clearpar, as a settlement team, I settle those trades in Loan IQ after reviewing effective funding memos and pricing letters. Once the trade is closed in Loan IQ, it needs to be marked as closed in ClearPar as well.
Senior Commercial Loan Servicing Representative
WELLS FARGO
Hyderabad
12.2022 - 08.2024
- Working as a Deal Admin and performing all the servicing activities using the Loan IQ application.
- Processing paydown, borrowing, interest and fee payments, paperclip, repricing, pricing change, deal termination, scheduled activities, etc.
- Responsible for handling over 100 deals, including more than 20 critical deals.
- Performing reconciliation on a daily basis to ensure all past dues, WIP, and SAR are under control.
- I was part of the Auto-Gen project.
- Responsible for multiple daily control reports.
Senior Analyst
CITCO Group Services India LLP
Hyderabad
11.2020 - 12.2022
- Responsible for migrating the process from the third-party Cortland team to the CITCO application.
- Processing all the transactions, such as rollover, drawdown, paydown, split, combine, restructure, spread change, benchmark conversion, commitment change, and all types of fees, as per the notices sent by the agent bank in the SENTRY application.
- Analyze, investigate, and resolve breaks on a daily basis appearing in position and cash reconciliations.
- Providing resolution to the middle office team for various discrepancies raised by the client to them.
- Organizing training sessions for new joiners, and taking refresher training for existing staff, would eventually upgrade their knowledge and minimize errors in processing.
Analyst
eClerx Services Ltd.
Pune
08.2018 - 11.2020
- Processing daily, effective trades using Loan IQ and Clearpar applications.
- Confirmation chasing of signatures in trade documents through Clearpar.
- Cash reconciliation using I-Match and SAFE GUI applications.
- Processing the settlement of LSTA and LMA trades, along with delayed compensation and cost of carry.
- Client onboarding of required parties and RI build in the Loan IQ application.
- Performing balance sheet impact reconciliation on a daily basis.
Education
MBA - Banking and Finance
Regional College of Management
Bhubaneswar04-2018
Bachelor of Commerce - Accounting And Finance
S.C.S. (Autonomous) College
Puri04-2016
Intermediate of Commerce -
S.C.S (Junior) College
Puri04-2013
Secondary School Certificate -
Puri Zilla School
Puri04-2011
Skills
- LoanIQ
- Clearpar
- Sentry
- Aexeo
- I-Match
- MS Excel
- ECM / GSS
- ALP (Advanced Lending Platform)
- Loan Servicing
- Agency trade
Internship project
Reserve Bank of India, Bhubaneswar, 04/17, 06/17
- Project was based on making the village people literate about financial system of various banks.
- Inclusion of those village people in banking system.
Certifications awards
- Advanced Diploma in Computer Application
- Basics of Capital Market
- Digital Marketing & Business Analytics workshop
- Spot Awards in eClerx, CITCO & Wells Fargo
- Best Idea of Silo in eClerx
Languages
- English : Professional Working Proficiency
- Hindi : Full Professional Proficiency
- Odia : Native or Bilingual Proficiency
Timeline
Lead Commercial Loan Servicing Representative
WELLS FARGO
09.2024 - Current
Senior Commercial Loan Servicing Representative
WELLS FARGO
12.2022 - 08.2024
Senior Analyst
CITCO Group Services India LLP
11.2020 - 12.2022
Analyst
eClerx Services Ltd.
08.2018 - 11.2020
MBA - Banking and Finance
Regional College of Management
Bachelor of Commerce - Accounting And Finance
S.C.S. (Autonomous) College
Intermediate of Commerce -
S.C.S (Junior) College
Secondary School Certificate -
Puri Zilla School
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