Service-oriented Credit Manager with track record of consistently delivering highest levels of performance. Tactful and dynamic professional offering great acumen in sales generation and customer relationship management. Knowledgeable in financial and credit analysis, credit modeling and market status monitoring. Experienced with credit risk assessment, financial analysis, and team leadership. Utilizes strategic planning to streamline credit processes and enhance performance. Track record of implementing effective credit policies that drive company growth and maintain compliance.
Hi, I’m
Karan
Chartered Accountant
Mohali
Summary
Overview
13
years of professional experience
3
Languages
Work History
Kotak Mahindra BankChandigarh
Credit Manager (AVP)
01.2023 - Current
Job overview
- Identifying high risk loans and implementing result oriented collection plans to manage delinquency within pre-set norms.
- Analyzed data to identify areas of improvement, implementing changes that resulted in greater operational efficiency.
- Successfully managed change within the organization, ensuring smooth transitions during periods of restructuring or process improvements.
- Established policies and procedures that improved operational efficiency within the organization.
- Analyzed applicants' financial status and credit and property evaluations to determine loan feasibility.
- Investigated and evaluated customers for creditworthiness and potential risk factors.
- Improved credit risk management by implementing effective underwriting policies and procedures.
- Implemented an effective training program for new hires that accelerated their ability to contribute effectively within the team environment quickly.
- Mentored junior team members in credit management best practices to enhance overall department performance.
- Conducted comprehensive financial analysis to assess creditworthiness for both new and existing customers.
- Reported key performance indicators to department heads for management of positive cash flow and to adjust credit risk policies and procedures.
- Reviewed and updated credit policies regularly in response to changing market conditions, industry trends, and emerging risks.
- Ensured timely resolution of disputed accounts, working closely with internal and external stakeholders to maintain positive customer relationships.
- Monitored accounts for signs of fraud and non-payment issues.
- Optimized credit approval and collection processes, improving operational efficiencies by over 20%.
AU Small Finance BankChandigarh
Deputy Credit Manager
10.2020 - 01.2023
Job overview
- Awarded employee of the Quarter (through PAN India) in first quarter of 2021-2022
- Work cross-functionally with sales, management, and other departments to maintain effective operations.
- Conducted comprehensive financial analysis to assess creditworthiness for both new and existing customers.
- Obtained and reviewed credit reports, credit references, credit insurance and financial statements to establish credit limits for new accounts.
- Established a culture of continuous improvement within the credit department, driving process enhancements that increased productivity without sacrificing quality or control measures.
- Reviewed historical records, current operational data and forecasting information to identify and capitalize on system enhancement opportunities.
- Collected data and performed trend and variance analysis to mitigate risk arising from bad debt.
Datta Singla & Co.Chandigarh
Chartered Accountant
12.2019 - 10.2020
Job overview
- Handled Concurrent audit of Haryana State Industrial Infrastructure & Development Corporation (HSIIDC) in Sector-6 Panchkula and assist in the preparation of financial statement for the purpose of Balance Sheet and Statutory Audit and CA & G audit.
- Developed strong relationships with clients, fostering loyalty through exceptional service and professional advice.
- Conducted regular reconciliations of balance sheet accounts to maintain accurate records essential for decision-making purposes.
- Managed complex projects effectively by coordinating team efforts, ensuring on-time completion of tasks within scope and budget constraints.
Punjab UniversityChandigarh
Auditor
09.2017 - 02.2019
Job overview
- Responsible for executing pre-audit as well as post-audit assignments in Panjab University.
- Performed complex Financial, Operational and Compliance Audits with the objective of assessing compliance with operating policies and procedures, evaluating existing internal controls, and ensuring the use of sound business practices.
- Meeting audit objectives while gathering and documenting sufficient evidence to support audit conclusion; communicating written audit results in a timely, comprehensive and clear manner to Section Officer or Assistant controller Local Audit.
- Providing necessary recommendations and highlighting the shortcomings by evaluating internal control systems & procedures.
- Ensuring compliance with the legal provisions, accounting standards, guidance notes issued by the ICAI and other legal pronouncements, prepare statutory standalone, and consolidated balance sheet of company.
- Ensuring compliance with income tax Act, 1961 such as advance tax calculation & deposition within period, maintaining & drafting documents required for performing Tax Audit.
- Ensuring Compliance with GST ACT and Claimed benefits by availing the ITC on certain aspects, which were not being taken by the accounts department, and Prevention of disallowance of ITC by ensuring compliances with rules.
- Detection of frauds and intimated the same to the management and ultimately recovery of amounts.
Prakash Ved & Co.Chandigarh
Article Intern
03.2013 - 03.2016
Job overview
- Prepared and filed Income Tax Returns of individuals, companies, HUF & charitable trusts
- Executed calculation of net service tax liability after claiming eligible CENVAT credit and filed Service Tax Returns
- Managed filing of VAT Returns under Punjab VAT
- Conducted Statutory audits of Private Ltd Companies and Participated in Internal Audit of Punjab Legal Service Authority and concurrent audit of Oriental Bank of Commerce
- Spearheaded a team of four members for an internal audit of Government Department with 20 branches covering utilisation of grants, remittance of unutilised amount of grant to the sanctioning authority with utilisation certificates, expenses, verification of fixed asset book, checking of timely deduction and deposit of TDS.
- Assist in preparing the Loans approval files such as Checking eligibility, CIBIL, preparation of financial statements etc.
Education
ICAINIRC CHANDIGARH
CA from Accounting And Finance
01.2019
University Overview
Panjab UniversityChandigarh
B-com from Finance
04.2001
University Overview
Govt Model High SchoolChandigarh
12th from C.B.S.E.
01.2011
University Overview
Govt Model Senior Secondary SchoolChandigarh
10th from C.B.S.E.
01.2009
University Overview
Skills
Credit reports
Credit analysis
Risk assessments
Policy application
Research and due diligence
Risk mitigation
Credit scoring
Timeline
Credit Manager (AVP)
Kotak Mahindra Bank
01.2023 - Current
Deputy Credit Manager
AU Small Finance Bank
10.2020 - 01.2023
Chartered Accountant
Datta Singla & Co.
12.2019 - 10.2020
Auditor
Punjab University
09.2017 - 02.2019
Article Intern
Prakash Ved & Co.
03.2013 - 03.2016
Panjab University
B-com from Finance
04.2001
Govt Model High School
12th from C.B.S.E.
Govt Model Senior Secondary School
10th from C.B.S.E.
ICAI
CA from Accounting And Finance