Credit Underwriting
Nikhil Tyagi
Cluster Manager - Credit
Indore
Summary
I am having four year of professional experience in Banking & Finance - Credit Vertical (HL,LAP) & Audit Vertical ( Corporate Audit / Functional Audit, MSME & Retail Assets, Individual Group Loan / Joint Liability Group), Internal Audits & Risk Assessment, Risk & fraud control , fraud detection, Fraud Investigation and Control, Transactions monitoring, Risk management, Forensic Audits, Diagnostic(Snap) Audit.
Overview
4
4
years of professional experience
11
11
years of post-secondary education
2
2
Languages
Work History
Cluster Manager - Credit
Hinduja Housing Finance Ltd
Indore
05.2023 - Current
- General Job Responsibility : (Ticket Size :- Minimum 5 lac to 75 lac)
- Managing Credit and Operations for Home Loans of Region.
- Credit appraisal as per policies, procedures, and credit underwriting guidelines.
- Maintenance of TAT, Compliance, policies and procedures.
- Principal Accountabilities :
- Strategic
- Customer Application Screening, KYC and Income documents as collected by SO for login.
- Review legal, valuation, CIBIL and other verification reports
- Interpretation of Credit Bureau Report
- Analysis of Bank Statements and other relevant documents for income assessment.
- Meet customers and do business and income earning capacity as per the Credit Manual & Guidance Notes
- Tactical
- Coordinate with SO for post approval activities like Loan documentation check, Sanction conditions adherence, PDC and NACH forms accuracy and send those files to HO for disbursements.
- Responsible for tracking and collecting all Post Disbursed Documents including Loan Closure letters on takeover, Collecting Sale Deeds for new purchases and sending to HO.
- Responsible for PDC/NACH replenishment to ensure regular repayment of EMI.
- Supervisory
- Ensuring operations are running in the streamlined fashion leading to best customer experience and enabling a motivating environment for staff across the network of Dialysis Units.
- Leading Centre Managers / centre staff and guiding them to achieve operational excellence for their clusters centre, counselling them, coaching them and ensuring they do their job well.
- Identifying targets and reviewing & evaluating performance, identifying & addressing deviations & its relevant causes.
- Ensuring adherence to quality standards in the unit operations.
- Implementing the Performance Appraisal Plan for the staff, Finalization of KRAs, Evaluating & providing feedback. Enabling the employees development by specifying their job competencies & through training.
- To optimize expenditure by cutting costs and enhance profit margins.
Assistant Manager - Corporate Audit
IIFL Samasta Finance Ltd
Bengaluru
07.2022 - 05.2023
- Internal Audit as per RBIA and as per Companies Act 2013 Audit.
- Preparing Risk Based Internal Audit plan and completing audits as per plan
- Auditing high risk areas audit including file reviews.
- Initiating improvements and suggestions in weak areas and follow up on closure of agreed recommendations.
- Review of processes and design controls, identification of process gaps, areas of weak internal controls and elimination of such process gaps.
- Prepare various trackers required for tracking the effective execution of audits.
- Preparing Risk Control Matrix (RCM) for business processes and conduct of walk throughs with process owners and controls testing.
- Suggesting process improvements areas and taking up with business process owners to update SOP and process flow charts.
- Identifying potential risks across processes along with design and implementation gaps.
- Taking up with process owners to implement the suggested process improvements and involve in continuous testing of processes to identify any material weaknesses in the internal controls in system/processes
- Periodic testing of loan software for system and process gaps.
Audit Manager
Satin Finserv Ltd
Gurgaon
08.2021 - 07.2022
- Conducting Risk Based Internal Audit of the various functional departments involved in the complete life cycle of retail asset loans for the products, Loan against Property, Business loan, Whole-Sale lending, Cattle loans, Consumer loan.
- Surprise visits were made to the hub offices (Including outstations) to identify the gaps.
- Preparation and presentation of audit reports along with recommendation and consulting towards implementation of the same for functional departments as below.
- Sales — Conducted Internal audit for various controls built as per the policy, commenting upon the achievements targets by the staffs and support functions, etc.
- Credit — Data analysis done to comment upon the underwriting done by the staff, identification of revenue wastages w.r.t vendor activities, etc.
- Risk Intelligence and Control — Conducted internal audit to identify that adequate pre-checks were done by the department for disbursement of the loans, etc.
- Operations — Conducted Internal audit to Identify operational errors done by the staff, etc.
- Collections — Whether appropriate steps were taken by the unit to Improve the portfolio and delinquent cases of loan, etc.
Assistant Manager
Satin Credit Care Network Ltd
Sagar
11.2020 - 08.2021
- Broad Responsibility:
- Responsible for conduct of internal audit of 12 to 15 branches (depending on the size) and region office).
- Branch Audit: Responsible for verifying end to end branch operating process by spending. 5-6 days for each branch. During the branch audit the internal auditor visits center meetings, checks processes (CGT, Pre-GRT, GRT), verifies register and offline documents, checks branch administrative issues, cross checks HR related issues and overall smooth functioning of the branch.
- During the Regional office audit I verify loan files, KYC detail, HR and administrative issue being controlled by the RO, transaction related issues, expenses and good accounting practices etc.
- He is responsible for writing audit report with precision duly supported by evidence and share it with related stakeholders
- He is responsible to oversee and ensure the operation team has complied with all the gaps identified during internal audit and as reported by him in the audit reports.
- He does surprise checks of compliance and reports to the management that the compliance submitted by the operation team is true in letter and spirit.
- He regularly report deviant behavior at the field and sends early warning signals in his flash reports or otherwise.
- He gathers information on the social performance, impact created by the company through its microfinance program by meeting customers, community members and also take staff feedback on various issues and grievances.
- Administratively he reports to the Zonal Auditor (ZA) and takes technical input from the manager internal audit from HO.
Assistant Manager
ICICI Bank Ltd
Meerut
02.2020 - 05.2020
- Job Role and Responsibilities:
- Maintain productivity.
- Perform compliance, service and operations in the branch.
- Generate revenue through privileged customers.
- Meet annual targets.
- Deliverables:
- Cross selling of new products and services for both new and existing privileged customers.
- Achieve sales targets for CASA and other products.
- Maintain good relationships with customers.
- Provide guidance and advice to the customers about the products and services offered.
Branch Acquistion Manager
Indusind Bank Ltd
Meerut
06.2019 - 02.2020
- I was engaged with Indusind Bank Ltd. on a Contractual agreement for eleven month.
- Roles & Responsibility
- Developing business from branches which are allocated to the candidate.
- Achieve sales target with his assigned territory.
- Maintaining relationships with existing clients.
- Approach new customers for business.
- Handling NRI and premier customer of the bank.
- Handling walking customers of the bank. and make cold calls to them.
- General business and leads from the database.
- Giving presentations on various products to the branch staff.
Education
Post Graduate Diploma in Human Resource Development - Human Resource Development
Uttar Pradesh Rajshree Tondon Open University
Prayagraj 2020 - 2021
M.com (Financial Management) - Commerce
Choudhary Charan Singh University Campus Meerut
Meerut 2019 - 2021
Post Graduate Diploma in Financial Management - Financial Management
Uttar Pradesh Rajshree Tondon Open University
Prayagraj 2019 - 2020
MBA - Financial Management
Choudhary Charan Singh University Campus Meerut
Meerut 06.2017 - 07.2019
B.com - Commerce
Choudhary Charan Singh University Meerut
Meerut 06.2014 - 05.2017
Higher Secondary Education - Commerce
Kendriya Vidhyalya E.B.S Babugarh Cantt
Babugarh 05.2013 - 05.2014
Senior Secondary Education - Commerce
RSM INT College
Simbhaoli Hapur 05.2011 - 06.2012
Timeline
Cluster Manager - Credit
Hinduja Housing Finance Ltd
05.2023 - Current
Assistant Manager - Corporate Audit
IIFL Samasta Finance Ltd
07.2022 - 05.2023
Audit Manager
Satin Finserv Ltd
08.2021 - 07.2022
Assistant Manager
Satin Credit Care Network Ltd
11.2020 - 08.2021
Post Graduate Diploma in Human Resource Development - Human Resource Development
Uttar Pradesh Rajshree Tondon Open University
2020 - 2021
Assistant Manager
ICICI Bank Ltd
02.2020 - 05.2020
M.com (Financial Management) - Commerce
Choudhary Charan Singh University Campus Meerut
2019 - 2021
Post Graduate Diploma in Financial Management - Financial Management
Uttar Pradesh Rajshree Tondon Open University
2019 - 2020
Branch Acquistion Manager
Indusind Bank Ltd
06.2019 - 02.2020
MBA - Financial Management
Choudhary Charan Singh University Campus Meerut
06.2017 - 07.2019
B.com - Commerce
Choudhary Charan Singh University Meerut
06.2014 - 05.2017
Higher Secondary Education - Commerce
Kendriya Vidhyalya E.B.S Babugarh Cantt
05.2013 - 05.2014
Senior Secondary Education - Commerce
RSM INT College
05.2011 - 06.2012
Work Availability
monday
tuesday
wednesday
thursday
friday
saturday
sunday
morning
afternoon
evening
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Skills
Credit Anlaysis
Interests
Credit Audit (Branch & Corporate Audit)
Corporate Lending
Quote
The road to success and the road to failure are almost exactly the same.
Colin R. Davis
Custom
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