Krushna Satapathy
Khurda
Summary
Forward-thinking Banking and NBFC Manager experienced in credit management, risk analysis, and fraud control. Delivered impactful results through effective process implementation and innovative management strategies. Focused on enhancing operational efficiency and fostering collaboration in diverse environments.
Proven expertise in conducting in-depth audits and devising successful improvement strategies. Methodically evaluated documents and systems and initiated corrections in compliance with established standards. Superb analytical and communications skills enabled optimum results.
Overview
1
1
Language
10
10
years of professional experience
Work History
Manager
Arthan Finance Pvt Ltd.
Bhubaneswar
10.2021 - Current
- Managed and maintained a high-performing loan portfolio of business loans, ensuring compliance with company standards.
- To conduct personal discussions with customer/the client with intent to understand and analyze associated risk in the business and financial standing of client.
- To assess the income,ability,intention,business sustainability & credit Behavior and verify it through non traditional income documents &reference checks as well as from traditional income documents and various kinds of credit bureau checks.
- Detected and reported fraud cases and negative profiles, enhancing risk management practices per company policy.
- Monitored branch performance and motivated teams to excel.
- Collaborated with business, cluster, and branch heads to address critical observations and implement risk mitigation strategies.
- Developed audit plans based on risk assessments and regulatory requirements.
- Collaborated with cross-functional teams to identify process improvements and controls.
- Reviewed financial statements for accuracy and adherence to standards.
- Trained staff on internal audit procedures and best practices for compliance.
- Conducted fieldwork to gather evidence for audits and document findings.
- Presented audit results to upper management for review and recommendations.
- Monitored implementation of corrective actions from previous audit findings.
- Monitored progress of corrective action plans implemented by management teams.
- Ensured all audit engagements were conducted in accordance with professional standards.
- Assessed compliance with applicable laws and regulations.
- Maintained effective communication between auditing team members throughout the audit cycle.
- Reviewed and evaluated company operations, processes, controls, financial systems and data accuracy.
- Developed audit plans for each engagement, establishing the scope, objectives, and timeline.
- Analyzed business process flows to identify weaknesses in existing systems or procedures.
- Managed multiple concurrent projects while meeting tight deadlines.
- Researched technical matters related to client issues and industry trends.
- Facilitated training sessions on audit techniques to other members of the team.
- Provided guidance on best practices in internal control design and implementation.
- Prepared reports that summarized audit findings and recommended corrective actions.
- Interacted with various levels of staff within the organization to obtain information necessary for completion of engagements.
- Identified opportunities for improvement in internal control systems and procedures.
- Conducted risk assessments to identify areas of potential non-compliance with internal policies and procedures.
- Documented work performed as part of continuous quality assurance program.
- Performed detailed testing of accounting records to ensure accuracy of financial statements.
- Evaluated the adequacy of management's internal control structure over financial reporting and operational activities.
- Identified process improvement opportunities through data analysis and benchmarking studies.
- Diminished financial discrepancies and accurately reconciled accounts using detailed data analysis results.
- Maintained accurate accounts for cash, fixed assets and other transactions.
- Performed audits of operational and financial areas to check compliance.
- Liaised with auditors to provide necessary documentation and facilitate the annual audit process. to complete annual audits and maintain compliance with local, state and federal requirements.
- Researched changes in laws to maintain adherence to financial regulations.
Asst. Manager
Annapurna Finance Pvt. Ltd.
Bhubaneswar
03.2019 - 09.2021
- Led audit planning and risk assessment for client engagements.
- Coordinated audit procedures and ensured compliance with standards.
- Reviewed financial statements and identified discrepancies during audits.
- Trained junior staff on audit processes and best practices.
- Communicated findings and recommendations to management teams.
- Developed internal controls to enhance operational efficiency.
- Assisted in preparing detailed audit reports for clients.
- Evaluated current processes and procedures, making suggestions for improvements where needed.
- Compiled audit work papers, ensuring all supporting documents were properly documented according to established guidelines.
- Collaborated with external auditors during annual audits to provide necessary information and documentation.
- Participated in client meetings to discuss audit objectives and findings.
- Developed recommendations for corrective action based on audit results.
- Generated complex financial models using spreadsheet software programs such as Excel to analyze data more efficiently.
- Reconciled bank accounts monthly by reviewing account activity and identifying discrepancies requiring resolution.
- Investigated reported incidents involving potential fraud or misappropriation of funds.
- Drafted written responses to inquiries from regulatory authorities regarding audit results and findings.
- Conducted detailed analyses of accounting transactions to identify discrepancies or irregularities.
- Reviewed internal policies and procedures related to company operations and finances for accuracy and completeness.
- Performed analytical reviews of balance sheets, income statements, cash flow statements, budgets.
- Provided guidance and training to junior staff members on proper auditing procedures and techniques.
- Researched industry trends, benchmarking best practices against those of similar organizations.
- Maintained up-to-date knowledge of applicable laws and regulations governing financial reporting standards.
- Identified potential fraud risks through analysis of financial statements and other data sources.
- Reviewed financial records and documents to ensure accuracy and compliance with relevant regulations.
- Assisted in the development of internal control systems to mitigate risk and improve operational efficiency.
- Applied audit fundamentals to identify risks and develop action plans.
- Directed completion of planned audits, assessed records and procedures for accuracy to accomplish objectives and appraised policies and plans under audit review.
- Conducted audits on internal controls and developed reports on findings.
- Assessed compliance risk, developed audit work plans and documented findings.
- Organized and deployed resources to execute audit plans.
- Prioritized multiple, concurrent projects to deliver high-quality results.
- Made recommendations on financial operations to management teams.
- Adhered to audit principles, standards, and practices to keep company in good standing.
- Streamlined internal auditing programs by utilizing data analytics software.
- Supervised and coordinated projects for external auditors and examiner evaluations.
- Trained, developed, and provided performance management initiatives to audit staff.
- Maintained accurate accounts for cash, fixed assets and other transactions.
- Posted financial data into accounting systems to maintain accurate records. in Excel spreadsheets and managed inventory.
- Performed audits of operational and financial areas to check compliance.
- Oversaw full accounting cycle and prepared applicable financial statements.
- Updated and managed accounts payable databases, employing access controls to protect data.
- Investigated and resolved billing issues to maximize cash flow and minimize liabilities.
- Minimized internal accounting department backlogs by updating accounts and generating reports.
- Developed staff expense and reimbursement tracker to reduce user errors and increase reporting accuracy.
Asst. Executive
SREI Equipment Finance Pvt Ltd.
Bhubaneswar
05.2017 - 03.2019
- Ensuring error free scrutiny of fraud cases.
- Investigated all fraud documents on physical ground to identify discrepancies.
- Identified fraud cases using investigation reports.
- Verified authenticity of cases.
- Reviewed files thoroughly before releasing orders.
- Ensured accurate tracking of data in management information systems, supporting efficient operations and decision-making.
Operation Executive
Kotak Mahindra Bank
Bhubaneswar
06.2016 - 05.2017
- Maintained daily disbursement MIS, providing accurate records for operations.
- Disbursed funds for car and tractor purchases.
- Punched all daily business reports (DBR).
- Compiled daily business reports by entering data accurately into the system.
Education
Bachelor Degree - Science
Utkal University
BBSRISC -
SSS Mahavidyalaya
DhenkanalDip. Mech. Engg. -
Institute of Technological Information
MumbaiBSE -
Bainsia Anchalika High School
DhenkanalMaster in Buisness Administration - Finance
Rajdhani College of Engg. Management
BBSRSkills
- Financial analysis
- Loan processing
- Financial software
- Portfolio management
- Risk assessment
- Fraud detection
- Digital transformation
- Data analysis
- Operating system management
- AutoCAD
- MS-Office
- Adobe
- Open Office
- Problem solving
- Team leadership
Languages
- Oriya
- Hindi
- English
Personal Information
- Oriya
- Hindi
- English
Mobile Numbers
- Oriya
- Hindi
- English
Extracurricular Activities
- Oriya
- Hindi
- English
Languages
English
Beginner
A1
Timeline
Manager
Arthan Finance Pvt Ltd.
10.2021 - Current
Asst. Manager
Annapurna Finance Pvt. Ltd.
03.2019 - 09.2021
Asst. Executive
SREI Equipment Finance Pvt Ltd.
05.2017 - 03.2019
Operation Executive
Kotak Mahindra Bank
06.2016 - 05.2017
Bachelor Degree - Science
Utkal University
ISC -
SSS Mahavidyalaya
Dip. Mech. Engg. -
Institute of Technological Information
BSE -
Bainsia Anchalika High School
Master in Buisness Administration - Finance
Rajdhani College of Engg. Management