Nitin Harishchandra Malap

Led central service teams for disbursement, banking, customer service, and loan closures.

Monitored daily transaction volume of approximately 100,000 for disbursements, EMI banking, part payments, and loan closures.

Maintained general ledger reconciliations for collections, refunds, and disbursement transactions.

Upgraded processes in accordance with compliance regulations and RBI guidelines.

Addressed internal and external audit observations from RBI, SOX, IAD, and compliance reviews.

• Responsible for running of day to day activities pertaining to business operations i.e. disbursement, PDD management, banking (Cycle presentation), receipting (LMS accounting), Bank reconciliation, Closure and MIS Reporting.
• Credit Bureau reporting and managing activities i.e. validations / disputes and control for complete portfolio (Active/Closed).
• Understanding, updating and complying to the latest regulations & guidelines.
• Control over LMS issues i.e. incorrect entries, identify bugs/errors. Escalate and resolve within timelines.
• Validate various LMS modules (Lending/PDC/Repayment/Accounting, etc.) to avoid any escalations (Customer / Partner / Regulatory).
• Monitoring control accounts, Trial Balances & Bank Reconciliations with resolution of open items.
• Involvement in automation of the reports, writing the document of logic, undertaking UAT and concluding the same.
• Projects: 1. E – NACH process 2. Payment E-Links (Wallet / net banking /Card etc) 3. Partner / Product on boarding 4. Moratorium / Ex-Gratia implementation

• Company Overview: (Storage facilities / NACH curing Process)
• (Storage facilities / NACH curing Process)

• Company Overview: (Home loan & LAP, Farm Equipment finance, Retail Finance, Micro Finance, CD Finance)
• Monitoring reconciliations for L&T Finance LTF, L&T Housing Finance LTD, Family Credit LTD, Constructions Funding and Micro Finance LTD.
• Responsible for daily reconciliation for all collections (ECS/DD/PDC/NACH/collection) as well as disbursement bank accounts.
• Prepare & maintain statutory audit reports, i.e. monthly, quarterly.
• Implement controls within the bank reconciliation process to meet all regulatory and internal requirements.
• (Home loan & LAP, Farm Equipment finance, Retail Finance, Micro Finance, CD Finance)
• Achievements: MICRO Finance Bank Reconciliation, Migration of BRS into new system

• Reviewing reconciliations statements of collections as well as remittance (Payables/Receivables).
• Checking & approving Fund Transfer entries (Journal Entries).
• Escalate Aged items & moved to suspense if not resolved in TAT.
• Responsible for staff related issues such as: performance reviews, coaching and training.
• Maintained Quality audit report (Monthly & Quarterly).
• Achievements: Paperless Project ($ saving), Taken initiative to reduce use of paper for daily activity of wire transfers between borrowers accounts. Achieved cost saving of monthly $250 with transaction accuracy.

• Company Overview: (Home Loan & LAP)
• Project: Reliance Consumer Finance Team: Bank Reconciliations (Payables & Receivables)
• Successfully run pilot process of Reliance Consumer Finance (HL & LAP) from UAT till Live.
• Complete UAT testing for various process i.e. disbursement, banking & repayment, loan re-schedule, foreclosure & settlement, Refund, etc.
• Coordination with system team (Finn one-Template) and find out route cause regarding system issue as per the accounting requirements.
• Coordination with PAN India branches to resolve open items open in reconciliation statements.
• Maintain daily MIS for all open items. And to ensure things are moving accurately.
• Tracking & escalating aged items as well as suspense items to LOB.
• (Home Loan & LAP)

• Company Overview: (Lower Parel)
• Check & verify foreclosed cases in to system (fin one).
• Share details to respective dept. for any excess or shortage in customer’s SOA.
• Coordinate between branch & vendor for the original documents transaction.
• Maintaining and sending a Daily, weekly & monthly MIS.
• (Lower Parel)