BHAVIK M SONAVANE
Mumbai
Summary
Detail-oriented Credit Manager with 3+ years in personal loan underwriting and credit risk assessment in NBFC and FinTech sectors. Expertise in FOIR analysis, bureau assessment, and policy compliance with delegated authority up to ₹10 lakh. Focused on maintaining portfolio quality and mitigating credit risk while ensuring efficient loan processing.
Overview
6
6
years of professional experience
Work History
Credit Manager
Bajaj Finance Limited
Mumbai
12.2024 - Current
- Handled end-to-end underwriting and credit assessment for personal loan applications.
- Evaluated customer creditworthiness using income analysis, FOIR calculation, bank statements, and bureau reports.
- Authorized loan applications up to ₹10 lakh, ensuring alignment with credit policies.
- Managed portfolio quality through delinquency monitoring and ensured adherence to policy compliance.
- Performed de-duplication checks and geo-tag verification to mitigate fraud risk.
- Collaborated with Sales, Operations, Compliance, and Risk teams for smooth case processing.
- Implemented updated credit policies, enhancing internal risk controls to mitigate potential losses.
Credit Underwriter Coordinator
PayU Finance Pvt. Ltd.
Mumbai
10.2022 - 11.2024
- Evaluated customer creditworthiness and approved/rejected loan applications based on risk assessment.
- Allocated and monitored loan cases for underwriters, ensuring timely processing and adherence to TAT.
- Conducted quality checks and mentored underwriters to improve operational accuracy.
- Verified vendor reports and customer documents, identifying discrepancies and fraud indicators to mitigate financial risk.
- Performed risk and fraud analysis to identify potential financial instability.
- Prepared periodic MIS reports for management, highlighting case statuses and reassignment updates to facilitate informed decision-making.
Financial Advisor
Call to Connect India Pvt. Ltd.
Mumbai
05.2022 - 10.2022
- Handled customer interactions to recommend tailored investment options based on individual financial goals.
- Advised customers on SBI Life Insurance investment plans, enhancing their financial portfolio.
- Verified KYC and income documents to ensure customer eligibility for investment products.
Executive
Mayur Shopee
Mumbai
01.2020 - 04.2022
- Coordinated documentation and eligibility verification for timely loan approvals.
- Processed consumer durable loan applications, ensuring alignment with bank and NBFC requirements.
- Compiled sales and loan MIS reports to support decision-making.
- Handled customer queries related to telecom products and financing.
Education
MBA (Finance) -
Manipal University
12-2027
Bachelor of Science -
Mumbai University
12-2022
Skills
- Personal Loan Underwriting
- Loan Eligibility Evaluation
- Credit Risk Assessment
- Income assessment
- Bureau analysis
- Fraud detection
- Portfolio Monitoring
- Policy compliance
- Financial Statement Analysis
- MIS Reporting
- Stakeholder Management
- Team coordination
Accomplishments
- Awarded 'Star Performer of the Month' at PayU Finance for maintaining zero-error processing quality.
- Received multiple Spot Awards for high-volume case processing and operational efficiency.
Timeline
Credit Manager
Bajaj Finance Limited
12.2024 - Current
Credit Underwriter Coordinator
PayU Finance Pvt. Ltd.
10.2022 - 11.2024
Financial Advisor
Call to Connect India Pvt. Ltd.
05.2022 - 10.2022
Executive
Mayur Shopee
01.2020 - 04.2022
MBA (Finance) -
Manipal University
Bachelor of Science -
Mumbai University