Monika Khandiwal
Credit Officer
Summary
Experienced Credit Officer specializing in credit evaluation, risk mitigation, and regulatory compliance within the financial sector. Expertise in loan underwriting, conducting detailed investigations, and preparing comprehensive audit reports. Proficient in using Loan Management Software to optimize workflows and ensure accurate credit decisions. Committed to maintaining compliance with financial regulations and fostering secure, efficient lending practices.
Overview
5
5
years of professional experience
Work History
Branch Incharge
Cent Bank Home Finance (subsidiary of the Central Bank of India)
Pune
06.2022 - 11.2023
- Conducted verification of current and past residences, property ownership, and debt types through document review and on-site inspections.
- Prepared and submitted loan applications, ensuring accuracy and completeness before submission to higher authorities for approval.
- Identify, assess, and mitigate financial, operational, and credit risks to ensure regulatory compliance and safeguard the institution's assets.
- Performed account reconciliations to ensure accuracy and consistency between financial records and bank statements.
Credit Officer
Cent Bank Home Finance Limited (subsidiary of the Central Bank of India)
Jaipur
03.2021 - 06.2022
- Assess clients’ overall financial situation by reviewing income, assets, debts, expenses, credit reports, or other financial information. Calculate clients' available monthly income to meet debt obligations.
- Prepared disbursement memos (DM) in the system upon loan sanctioning, verified property documents, created records in the system, calculated loan amounts based on property and market values, and carried out insurance computations.
- Wrote contracts and terms for approved credit requests, fulfilling legal and financial requirements to protect institution.
- Managed daily, weekly, and monthly MIS reports for loan applications, including the number and value of sanctioned and disbursed cases, and submitted them to the head office.
- Held due diligence meetings/conference calls with vendor client service officers or other financial management as required.
- Registered property mortgage details in the CERSAI database.
- Processed and managed vendor invoices to ensure timely and accurate payments.
- Conducted regular follow-ups on overdue payments categorized under SMA 0, SMA 1, SMA 2, and NPA buckets.
- Resolved hand sighting errors and escalations, addressed internal and external audit queries, reviewed and submitted Post Disbursal Documents (PDD) for mortgage properties, and facilitated the handover to the operations team.
- Solving of hand sighting errors and escalations, internal and external audit queries, checking and submitting PDD (post disbursal documents) of mortgage property and handle over the same to the operations team.
- Worked closely with collections departments in order to ensure timely payments from customers.
Credit Executive
Cent Bank Home Finance Ltd
Jaipur
07.2018 - 03.2021
- Reviewed credit applications and financial statements to determine customer creditworthiness.
- Analyzed customer accounts, payment trends, and credit ratings through the CIBIL Report to assess the risk of default.
- Prepared detailed reports summarizing customer profiles, risk assessments, and recommendations for approval and denial of new lines of credit.
- Coordinated with legal and technical teams to ensure compliance with applicable laws and regulations.
- Ensured that all relevant documents were collected before making a decision about granting a line of credit.
- Collected and checked borrower income, credit history and employment information.
- Analyzed and prepared existing borrower reports and reviews to track repayments and compliance with loan agreements.
- Met with credit applicants to acquire personal and financial information used to process credit report.
Education
MBA - Banking And Finance
Scope College of Engineering
Bhopal06.2021
Bachelor of Commerce - Accounting And Finance
Sarojini Naidu Govt Girls Pg Autonomous College
Bhopal05.2014
Higher Secondary - Commerce And Mathematics
Govt Subhash Higher Secondary School For Excellenc
Bhopal03.2011
Skills
- Credit Analysis
- Risk Assessment
- Financial Documentation Review
- Loan Underwriting
- Customer Relationship Management
- Investigations
- Portfolio Management
- Debt Recovery
- Analytical Skills
- Communication Skills
- Performance monitoring
- Team Collaboration
- Compliance Assessments
- Audit Reporting
- Problem-Solving
- Loan Management Software (LMS)
Additional Information
Date of Birth - December 02, 1992
Father’s Name- Mr. S.L. Nagre
Gender- Female
Timeline
Branch Incharge
Cent Bank Home Finance (subsidiary of the Central Bank of India)
06.2022 - 11.2023
Credit Officer
Cent Bank Home Finance Limited (subsidiary of the Central Bank of India)
03.2021 - 06.2022
Credit Executive
Cent Bank Home Finance Ltd
07.2018 - 03.2021
MBA - Banking And Finance
Scope College of Engineering
Bachelor of Commerce - Accounting And Finance
Sarojini Naidu Govt Girls Pg Autonomous College
Higher Secondary - Commerce And Mathematics
Govt Subhash Higher Secondary School For Excellenc
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