MILIN PRAJAPATI
Mumbai
Summary
15 years of diverse experience in Banking Operations, Finance, Reconciliation, Mortgage life cycle.
Overview
16
16
years of professional experience
Work History
Manager I (Trade Finance - Operations)
ICICI Bank
Mumbai
02.2019 - Current
- Cross-Border Remittances: Initiation and Compliance: Ensuring all transactions comply with AML and KYC regulations. Currency Conversion and Transfer0 Managing the conversion and transfer of funds. Settlement and Notification: Ensuring funds are settled in the recipient’s account.
- Corporate Internet Banking: Transaction Tracking: Monitoring all transactions on the platform to ensure accuracy and security
- Imports and Exports: Import Bills & Export Bills: Handling bills under Letters of Credit (LC) and on a collection basis
- Regulatory Compliance: Ensuring Compliance: Adhering to all regulatory and statutory requirements for various products and services
- LC Advising and Amending: Checking compliance and completeness of LCs before advising and amending them to beneficiaries
- SWIFT Operations: Checking and Authorization: Verifying and authorizing SWIFT messages for international transactions
- Reconciliation: Daily Reconciliation: Reconciling bank and Nostro accounts daily to ensure accuracy
- Reporting: Daily Reports: Preparing and sharing daily reports with higher management and treasury
- User Acceptance Testing (UAT): Testing Systems: Conducting UAT for systems like Fircosoft, Finacle, and FX to ensure they meet business requirements
- Team Management: Support and Feedback Offering support and constructive feedback to team members to enhance their skills and maximize potential
- Performance Monitoring: Continuously seeking ways to improve team performance for optimized financial success.
Sr Associate (US Mortgage - Origination)
Verity Global solutions Pvt Ltd.
Mumbai
08.2018 - 02.2019
- Review Applications: Ensure completeness of applications and documentation (status, employment, income, assets, liabilities, appraisal, title, closing documents)
- Validate Findings: Confirm findings and conditions from the automated underwriting system and any additional required conditions
- Underwriting & Evaluation: Underwrite and evaluate residential mortgage applications from various U.S Branch offices, analyzing credit, collateral, and closing packages per agency and lender guidelines.
Subject Matter Expert (SME) (Wholesales Banking – US Mortgage Servicing)
Accenture Solution Pvt. Ltd.
Mumbai
05.2016 - 05.2018
- Team Management: Oversee a team of 10 associates with managerial support
- Performance Metrics: Release daily TAT & FPY scores
- Volume & Quality Control: Manage daily volume, quality, and handle client escalations
- Training: Train new joiners and provide process updates
- Client Communication: Conduct daily and weekly/monthly calls with clients, address issues, and gather feedback
- Reporting: Publish daily EOD reports to clients and Accenture management
- Resource Utilization: Ensure team members are effectively utilized
- Support: Assist team members with process-related queries
- Customer Data Updates: Update customer information in the client database, including payment reversals, corrections, and rate changes.
Sr. Associate (Residential Mortgage – Processing/Servicing)
Tata Consultancy Services
Mumbai
05.2012 - 05.2016
- Mortgage Processing: Reviewing applications viz Current status, employment, income, assets, liabilities, appraisal, title and closing documents
- Underwriting Working: Underwriting & evaluating residential mortgage applications originated by variety of branch offices across U.S and analyzing the Credit, Collateral and Closing Packages according to agency and lender guidelines
- Mortgage Servicing: Correction of CBR reports Credit Dispute: Resolving Credit Dispute/cases raised by the customer directly
- Updating Status: Of the borrower’s accounts to all four major Credit Rating Agencies in USA
- Payment Correction: case of payments applied incorrectly into borrower’s account.
Research Associate (Reconciliation)
State Street Syntel Services PVT LTD
Mumbai
10.2010 - 02.2012
- Reconciling: Cash and Accruals on a daily, monthly basis between major US Custodians Banks and Leading Investment Managers mostly into fixed income Securities
- Researching: Differences reported by Reconciliation team on daily basis using various internal Systems like SMARTS, TAPS etc
- Resolving Breaks: By calling Investment Manager & Custodian Banks through telephone calls and emails.
Accountant
Origen (Event Organiser)
Mumbai
01.2010 - 07.2010
Account Assistance
Arham Overseas Ltd (Textile firm)
Mumbai
08.2009 - 12.2009
Jr. Accountant
P.V.Vora & Co (Tax consultancy Firm)
Mumbai
05.2008 - 07.2009
- Maintaining Cash Books, Bank Books and also raising the journal vouchers Maintaining all the billing section of the organization and also do the Bank Reconciliation Reconciliation of Suppliers Outstanding Statement with Records.
Education
Bachelor of Commerce - Commerce
Gokhale Collage
Mumbai01-2008
Higher Secondary Collage - Commerce
St. Rock's Collage
Mumbai01-2005
S.S.C - General Studies
St Francis High School
Mumbai01-2003
Skills
Banking Operations
Nostro Reconciliation
Cross Border Payments
UAT testing
Compliance
Corporate internet banking
Ms office
Reporting
Team Handling
Timeline
Manager I (Trade Finance - Operations)
ICICI Bank
02.2019 - Current
Sr Associate (US Mortgage - Origination)
Verity Global solutions Pvt Ltd.
08.2018 - 02.2019
Subject Matter Expert (SME) (Wholesales Banking – US Mortgage Servicing)
Accenture Solution Pvt. Ltd.
05.2016 - 05.2018
Sr. Associate (Residential Mortgage – Processing/Servicing)
Tata Consultancy Services
05.2012 - 05.2016
Research Associate (Reconciliation)
State Street Syntel Services PVT LTD
10.2010 - 02.2012
Accountant
Origen (Event Organiser)
01.2010 - 07.2010
Account Assistance
Arham Overseas Ltd (Textile firm)
08.2009 - 12.2009
Jr. Accountant
P.V.Vora & Co (Tax consultancy Firm)
05.2008 - 07.2009
Bachelor of Commerce - Commerce
Gokhale Collage
Higher Secondary Collage - Commerce
St. Rock's Collage
S.S.C - General Studies
St Francis High School