Franco Verghese
Sr Credit Specialist
Summary
Dynamic, competitive and automotive professional putting forth an experience of over 14 years in the industry. Extensive experience in Credit and AR Management. Innovative and exceptionally creative to foster ideas that impel the organization towards a result-oriented direction.Career Objective With a brilliant professional record I aspire to join in a Position where in my diligence and extensive experience contributes to the growth of the organization.
Overview
13
13
years of professional experience
7
7
years of post-secondary education
2
2
Languages
Work History
Sr.India Credit Specialist
Lenovo India Private Ltd & Motorola Mobility India Private Ltd
Bangalore
01.2017 - Current
- Undertake rigorous credit risk analysis encompassing industry/business research and financial analysis of the distributors and customers
- Assign Ratings and prepare reports that cogently capture the rationale behind the rating
- Devised collection recovery strategies to resolve customer issues and delinquent cases.
- Automated the processes for early identification of potential credit system and monitoring problems.
- Carrying out financial analysis of the companies to assess their creditworthiness and taking decisions on credit limits to be given to these companies
- Liaising with Bank and Biz Partner to explore the financing solutions for mitigating the risk efficiently
- Handling the best commercials from the Bank in the market
- Collateral Management, maintain the Nil Unsecured Exposure
- Intermediate between AR and Financing Partner to improve the company's cash flow and DSO reduction., Gross Margin/Contribution Data Analysis
- Reported key performance indicators to department heads for management of positive cash flow and to adjust credit risk policies and procedures.
- Obtained and interpreted financial statements to assist in credit limit reviews.
- Obtained and reviewed credit reports, credit references, credit insurance and financial statements to establish credit limits for new accounts.
- Maintained full knowledge of current regulatory environment and made proactive adjustments to meet changing requirements.
- Assessed credit risk and analyzed financial statements.
- Conducted financial review of customer lines of credit by assessing company financials and initiating credit application reviews.
Asst.Manager
TLG Group of India, Publicis Group
10.2011 - 09.2015
- Wrote and implemented standard operating procedures for credit personnel to achieve consistency in unit operations.
- Reported key performance indicators to department heads for management of positive cash flow and to adjust credit risk policies and procedures.
- Devised collection recovery strategies to resolve customer issues and delinquent cases.
- Developed strategies to expedite payments and customer resolutions.
Sr-Officer Finance
Sandvik Asia Private Limited
12.2010 - 10.2011
- Improved understanding of financial statements, which helped in assessing risk.
- Conducted financial review of customer lines of credit by assessing company financials and initiating credit application reviews.
- Analyzed customer data such as financial statements to determine level of risk involved for extending credit.
- Complied with internal controls and government regulations.
- Controlled credit exposure by providing financial order management support to minimize risk and obtain timely payment.
Sr-Officer Credit Control
RDC Concrete (India) Pvt Ltd
Bangalore
12.2007 - 11.2010
- Worked within applicable standards, policies and regulatory guidelines to promote safe working environment.
- Performed semi-annual account credit limit reviews and credit increase review requests from financial service and sales teams.
- Compiled data critical to analysis of annual bad debt.
- Reduced past due balances and bad debt by coordinating collection efforts with customer service, sales and billing departments.
Education
IIM Calcutta - Advanced Strategic Management
Indian Institute of Management, (IIM)
01.2022 - Current
MBA - Finance
Mahatma Gandhi University
Kottayam,Kerala 01.2005 - 11.2007
Bachelor of Arts - Commerce
Calicut University
Thrissur, Kerala 01.2002 - 01.2005
Retail Credit Assessment - Credit Analysis
Care Training
Bangalore 10.2018 - 04.2019
Skills
Oracle 11 i
undefinedAccomplishments
1. WW Credit Instant Award from Lenovo Group (Individual Award) -2017
2. WW Credit Executive Award from Lenovo Group ( Team Award)-2018
3. Team Excellence by WW Finance-2019
4. Team Excellence by India Regional MD-2020
5. DT2 Execution: Team Excellence Award by AP Lenovo-2020
6. DT2 Execution: Team Excellence Award by Lenovo India-2021
7. Individual Excellence by Lenovo India -2021
8. India CFO Award-2022 for DSO reduction
9. WW CFO Award 2022 for PCON Savings
10. India Kick off Award for Credit Automation 2022
Timeline
IIM Calcutta - Advanced Strategic Management
Indian Institute of Management, (IIM)
01.2022 - Current
Retail Credit Assessment - Credit Analysis
Care Training
10.2018 - 04.2019
Sr.India Credit Specialist
Lenovo India Private Ltd & Motorola Mobility India Private Ltd
01.2017 - Current
Asst.Manager
TLG Group of India, Publicis Group
10.2011 - 09.2015
Sr-Officer Finance
Sandvik Asia Private Limited
12.2010 - 10.2011
Sr-Officer Credit Control
RDC Concrete (India) Pvt Ltd
12.2007 - 11.2010
MBA - Finance
Mahatma Gandhi University
01.2005 - 11.2007
Bachelor of Arts - Commerce
Calicut University
01.2002 - 01.2005
Personal Details
Date Of Birth: 30th May 1985
Marital Status: Married
Specialties
- Financing Program Expertise- Channel Finance, Receivable Finance and Vendor Financing
- Automation
- Client Relationship Management
- Team Development and Management
- Project Management
- Transition Management
- Liaison with various NBFC’s/ Banks
- Credit/Risk management
- Credit Underwriting
- Collateral Management
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