Manesh Ghodekar

As an individual contributor for Collateral Management & Credit Review Analysis for US-based Metal and Mineral Industry, Petroleum and Petroleum Products Merchant Wholesalers.
Software and Business Tool Proficiency:
- Extensive use of MS-Excel (S&P Cap IQ Macro)
- CubeLogic – RiskCubed Application / Power BI

- Client Credit Rating Model

- S&P and Moody's rating agencies tool

Key Responsibilities Includes:

Europe Gas & Power Collateral Management:

• Collaborate with Europe OTC margining team to create standardized, open, and affordable business support solution for UK and European Continental Physical Gas and Power
• Successfully managed the margining process for Europe gas and power trading, ensuring accurate and timely reporting of P&L and risk metrics.
• Identified and resolved complex margining issues, such as discrepancies in trade data or market pricing, resulting in increased transparency and reduced errors.
• Up to $5 billion approx. collateral movement (during Europe gas peak) and with coordination with client 80% Cash and 20% SBLCs utilized.
• Perform OTC derivatives - collateral management in compliance with regulations and Credit Support Annexes (CSA) on daily, weekly or monthly basis.
• Understand margining agreements, ISDA, MNA, CPMA, and EFET contracts, as well as other legal and documentation requirements for managing collateral.
• Respond swiftly and firmly to enquiries from counterparties and coordinate with relevant teams to speed up resolutions.
• Identify client disputes related to collateral and traded discrepancies to resolve pricing models and market data issues.
• Manage book of clients in margining function, including exposure review, collateral valuation, margin calculations, and position adjustments
• Ensure accurate and timely settlement of all cash and SBLCs and provide high level of service for clients.
• Strong communication abilities for engaging with different departments and stakeholders within company.
• Engage with external counterparties to discuss collateral and margin needs.
• Keen attention to detail to ensure all collateral and margin requirements are met and any discrepancies or errors are addressed promptly.
• Keep up with market trends and understand factors driving power and gas markets to foresee collateral requirements and movements.

Credit Analyst:

• Reviewing counterparty information, including financial statements, to assess creditworthiness, communicate risks, and develop strong point of view on company's financial strength.
• Conducting thorough credit analyses and reviews to determine credit limits and risk ratings for new and existing customers, using Client Internal Models and performing financial data spreading, ratio analysis, and basic research on counterparties' business profiles and competitive positions.
• Proficient in analyzing credit ratings from S&P and Moody's, including knowledge of their rating scales and methodologies
• Developing understanding of country risk and industry risk and analyzing account profitability to complete reward-to-risk analysis.
• Proactively engaging with business operations to identify risk optimization opportunities and providing recommendations on risks associated with customers, products, markets, and more to aid decision-making process.
• Preparing credit recommendations and write-ups in consultation with global business teams for review and approval.
• Maintaining counterparty credit data, including ratings, limits, and financials, in respective credit and ERP systems.
• Preparing monthly credit exposure reporting and metrics for presentation to client businesses.
• Conducted credit analysis for more than 75 counterparties in previous fiscal year.
• Assigned credit lines totaling over $1.5 billion to respective companies based on risk analysis and exposure to client.

Onsite transition and CI:
- Developed process maps and standard operating procedures (SOPs) to facilitate the transition of Europe Gas Margin and multiple credit companies.
- Successfully transitioned processes for OTC Credit, Credit Risk Analysis, Europe Gas, and Power Margin from the US and Europe.
- Executed a process improvement initiative in July 2022, resulting in the migration of the gas margin database from Network File Shares (Share drive) to SharePoint.

Team Management:

• Managed team of 28 analysts to meet accuracy and efficiency goals for client while ensuring that daily SLAs and KPIs are reached in accordance with client's agreement.
• Handled resource allocation and attrition to locate and address pertinent operational setup risks and problems, and make sure all were elevated to Senior Management.
• Daily checked of SAP application summary and client's Tableau Dashboard tool for monitoring project progress.
• Kept note of and maintain billable hours for each month.
• Identifying employees training requirements, implementing relevant training courses to better skill that enhances output and updating product training modules as necessary and informing client as well as team of changes.

Client Servicing:

• Analyzed client input, identifying areas for development, and giving thoughtful feedback on those improvements.
• Maintain outstanding connections with customers for additional business.
• Handled customer-centric operations and assured customer satisfaction by meeting delivery & service quality standards.
• Front-ending client calls to discussed performance on various metrics.

US Transition:

• Train new team members on Order to Cash – Deduction Process and ensure that all knowledge transfer is completed, Transitioned Deduction
• Management, Military and Specialty Business for North America & Canada locations.
• Expert in Desktop Procedures, essential for knowledge transfer.
• Coordinating with Client to understand customer behavior and process simplification; Responsible for volume analysis to predict inflows for

Operations:

• SME (subject matter expert) for General Mills assigned Customers Trial Balance Management, Reconciliation and Payment procedures.
• Issued checks to customers in timely manner via Customer Trade application and SAP; Updated SOP if any changes in Payment/Managing of invoices and Trial Balance Procedures.
• Analyzed the outstanding payments against receivables & released payments; accordingly, coordinate with the cash application team for accounts receivables.
• Posted entries in SAP for General Ledger, Cost Centre & Internal Order clearance; focused on continuous improvement in the payment process; worked on various Reason Codes in SAP and its clearance procedures.

Achievements:

• Successfully created Macro and Template to process Small Dollar Invoices through SAP (F-30) and saved 1500 Hrs. for Team.
• Successfully completed two Continuous Improvements for Special (CHECK) Payment Team and saved almost 260 Hrs.
• Successfully created Macros and OPL (One Point Lesson) to pull and to send invoices for Customers.
• Awarded with Zonal Promotion for Fiscal Year 2014
• Awarded with “Management Award” for being part in implementation of Project Pennington.

Operations:

• Working knowledge of software packages like EISTC, Genesis and Oracle-PeopleSoft required for daily operations.
• Balance and reconcile accounts, prepare reports, collect and maintain detailed records; Review and update information in company accounting systems, perform analyses and verify data for accuracy and completeness.
• Perform standard review of accounts for proper handling of transactions for designated area. Administer accounting process and ensure optimal quality of all processes.
• Evaluate all account receivables and payables on regular basis to ensure accuracy; Monitor all accounting deliverables and ensure work according to deadline.
• Conduct weekly reviews of SLAs and work with technical team to improve overall SLA performance. Initiate any actions necessary to improve or maintain levels of service.

Achievements:

• Improve TAT for client: With help cross-training process, improved TAT from 06 to 01 day, and saved client Quality net amount of 1164.00 USD per year.
• Reduction in Hrs. for client: Reduced working Hrs. and saved on average monetary loss of 130.00 USD per month.

Operations:

• Ensured monthly invoices are issued to the customers; Invoices/Expenses Bills generation; Performing Fiduciary Accounting transactions on Oracle ERP/EDI & Integrated Project Management System.
• Responsible for reconciliation of payments, monitoring and analysis of accounts to ensure payments are up to date, to reduce invoice discrepancies, Corporate Billing, Spreadsheets & Billing Reports.
• Generation of Debit Notes and Credit Notes on Oracle Account Receivables Module.
• Communicating through E-mail or Skype to solve service requests of client.
• Ensuring SLA compliance – Daily and Month End.