Darshan Bhinde
Mumbai,MH
Summary
Organized and detail-oriented MBA with over13 years of experience in Financial Business Analysis into varied industries including Financial Services,Commodity Giants and Family office . Skillful in defining financial capabilities through forecasting, projections, volume, operational functions and RFP processes. Proven success in designing and implementing optimized practices for increasing productivity and profitability.
Overview
13
13
years of professional experience
5
5
years of post-secondary education
Work History
AVP
Barclays PB India
Mumbai
03.2019 - Current
- End to end MIS & Pnl reporting for PB India.
- Point contact for Strategic/Business review presentations including Qarterly Business Reviews.
- Driving/prioritising the IT enhancements via Minor Works stream.
- Perform meaningful analysis on reports and provide insightful commentary that can be translated into robust/effective remediation plans/effort.
- Ensure that reports are clearly communicated through appropriate channels (e.g.
- COOs, Banking Finance management etc).
- Drived Cost plan for PB India leading to Cost saves for Business by challenging Global allocations.
- Document any changes to process flows and be the SME on new development initiatives.
- Play an active role in identifying opportunities for process improvements to drive efficiencies and tightening of the control environment.
- Drive key Submissions of Qarterly Business Reviews, Monthly Business reviews , MIS reporting, providing Cost & Revenue outlook.
- Provide management support to the Chief Operation Office and Front Office Teams, enabling them to execute the Global Private Banking strategies and plans effectively and efficiently.
VP
House of Patels
Mumbai
04.2018 - 02.2019
- Strategic Planning of the organizational initiatives that originate out of the Chairman’s office.
- Integral part of all new initiatives and projects and also involved in tracked progress of these projects.
- Due diligence in LAP lending and other unsecured lending and Real estate Financing.
- Liaised with the internal control team to set up processes for stock audit and suggested effective solutions for optimum utilization of warehousing space.
- Leading the team to Collect, understand, and transmit the business requirements for Logistics projects, and translating these into functional specifications and test plan for IT development.
- Served as Key personnel in Internal control team to set up processes to stop leakages and allow only commercially profitable business propositions.
- Underwrite Real estate credit narratives for new loans.
- Due diligence for financial risk analysis on proposed real estate lending deals.
- Key Achievements.
- Identified the gaps in Accounts receivables and payables cycle, negotiated with relevant stakeholders and helped reduce working capital requirements by INR 2 Crores monthly.
- Streamlined the Accounts and Internal controls division of Logistics business leading to savings of INR 20 Lakhs per month.
Manager
04.2016 - 03.2018
- Financial restructuring to improve financing strategy and costs of funds, to bring in Cost advantage to the organization.
- Oversee project, property and portfolio level financial analyses and provide portfolio rebalancing recommendations to the Chairman.
- Handled a portfolio of over $30 Million with various Private banks and wealth management firms.
- Present to the Board results of investments in a worse case scenario and explain the complex structured product risk and return profile.
- Held position of acting Compliance officer for Money exchange business and performed, enhanced due diligence for clients, correspondent banks and customers.
- Monitor Real estate investment funds, construction loans and facilitated Bridge Financing deals.
- Arranged and developed products for free LC limits.
- Arrange funding for SME clients for Trade credits, Packaging Credits, Pre export credits.
- Key achievements.
- Achieved an overall ROI of 12% across various businesses managing AUM of $700mn.
- Released Unutilized Margin funds of $500K with the New York Bond department.
- Contributed in savings worth AED 150K by restructuring Loans on Dubai Real estate properties.
- Sanctioned deals of over $3 Million dollars for commercial lending business in Real Estate projects in USA/Thailand FX Market Risk.
Deals Desk Analyst
Trafigura
Mumbai
02.2012 - 04.2016
- Global reporting of trading P&L and Exposure to the management.
- Liaised with CFO to extend credit lines with Banks & Involved in all functions of Trade value chain with a concentration in Operations and Risk Management.
- Trader Assistance in Monitoring and capturing FX, Interest rate and Inter exchange arbitrage.
- Developed hedging strategies for commodities and FX to mitigate inventory price risk and currency exposure in Non-USD currencies.
- Handled Finalization of contracts, LC drafts, with partners and commercial terms & conditions with respect to commercials, Legal and compliance.
- Managing Risk exposure by hedging inventory for Refined Metal & Scrapbook on LME/ MCX.
- Enhanced the Risk management capabilities by developing tools and Methodologies which would assist in better Internal controls and management of FX and Metal risk Key achievements.
- Managed account liquidity in foreign currency and minimize exposure and cost connected with interest rates and overdrafts.
- Negotiated TOMS & Spot Rates with bank treasuries to acquire the best rates for Buyers credits and led to savings for the Deals desk.
- Effectively managed Spread Risk for Refined Metals and kept substantial margin before passing quotes to customers, generating increases in P & L.
Financial Analyst
J P Morgan Chase
02.2008 - 09.2010
- Performed critical Accounting & financial control activities of closing the monthly, quarterly and year-end books for Asia Rates Business.
- Generated Consolidated Asset Report for Asia Rates business on a Desk and product level.
- Identified and developed controls and processes to ensure all risks and opportunities are managed in SOX.
- Initiated Process Automation to manage KPI’s Key achievements.
- Earned Star of the team Award in Dec 2009 for setting up Front to Back Recon of Asia rates Business.
- Calculated and provided Traders with accurate RWA numbers based on Basel III.
- Generted Month End Trader P & L to the management to enable hedging of currency risk management.
Intern
Uday Lakhani Associates
07.2007 - 01.2008
- Reviewed clients bank statements and property portfolios.
- Dealt with accounts payable procedures, direct billing, and control accounting.
Financial Business Analyst
Wells Fargo Securities
St Louis, USA
09.2006 - 05.2007
- Developed new ad-hoc and customized reports with Enterprise Reporting that led to maximize user satisfaction.
- Designed various reports, including Mutual Funds, Reorganization Department, Compliance and Fixed Income using Business objects tools.
- Carried out business analysis, analyzed the current state document and generated functional specifications for the future state of the reporting system.
- Collaborated with the Central data SME and planners to assess current capabilities and identified high level requirements and performed a GAP analysis.
- Developed skills in Requiremens Gatheringe Cases, and Process Maps, Screen Mechanics.
- Restricted - External Restricted - External.
Education
Masters in Business Administration - strategic, Operations and Finance
Strathclyde Business School
Bachelor of Business Administration - Corporate Finance
University of Central Oklahoma
Skills
Business Analysis, commodities, Financial planning & analysis, Business Management, Accounting & Financial control, Product Control
undefinedTimeline
AVP
Barclays PB India
03.2019 - Current
VP
House of Patels
04.2018 - 02.2019
Manager
04.2016 - 03.2018
Deals Desk Analyst
Trafigura
02.2012 - 04.2016
Financial Analyst
J P Morgan Chase
02.2008 - 09.2010
Intern
Uday Lakhani Associates
07.2007 - 01.2008
Financial Business Analyst
Wells Fargo Securities
09.2006 - 05.2007
Masters in Business Administration - strategic, Operations and Finance
Strathclyde Business School
Bachelor of Business Administration - Corporate Finance
University of Central Oklahoma
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