Nitish Kumar
New Delhi
Summary
A competent finance and account professional with an in-depth experience and a proven track record in Housing and affordable housing Industry having over 10+ years of experience. Assigned products are Home Loan, LAP, Secured & Unsecured Business Loan to SENP, SEP, Bank salaried & Cash Salaried. Experienced in fast-paced environments and adaptable to last-minute changes. Thrives under pressure and consistently earns high marks for work quality and speed.
Overview
10
10
years of professional experience
1
1
Certification
Work History
Zonal Portfolio Head (AVP) - North
Vistaar Financial Services Pvt. Ltd
New Delhi
09.2024 - Current
- Responsible for managing credit appraisals for LAP in the region.
- Ensure smooth functioning of the credit evaluation operations in the region.
- Lead and manage the credit and operations team.
- Managing high-quality portfolio level in the region.
- Underwrite proposals and make decisions on loan approval and disbursement within empowerment, and escalate to National Portfolio Head as appropriate.
- Prioritize and organize tasks to efficiently accomplish service goals.
- Handling team size of 30 people of credit & Operation.
- Monitoring regular portfolios and key risk areas.
Lead - Central Credit Manager
Fusion Finance Ltd.
Delhi, UP, HR, MP & Bihar
09.2022 - 09.2024
- KRA consists of credit underwriting, policy, and risk functions of UP-West, Delhi, and part of HR for the MSME vertical.
- Managed North, state includes Delhi, UP, MP, HR, and Bihar.
- Team size of 50 CMs.
- Ensured timely and accurate processing of all credit transactions.
- Analyzed financial data to determine the degree of risk involved in extending credit.
- Evaluated business practices and loan procedures to assess risk and develop mitigation plans to protect business operations and assets.
- Products, property, mortgage (LAP), and Hypothecation (Solar & Machinery).
Cluster Head - Credit
Ummeed Housing Finance Pvt. Ltd.
Delhi/NCR
06.2021 - 09.2022
- Take sound lending decisions based on available information
- Underwrite cases and present to senior level approver
- Ensure all branches achieving day plan and co-ordinate to resolve hurdles
- Support and co-partner with business teams to manage end to end credit approvals
- Monitor deviations raised and documented by underwriters in compliance with credit policy
- Periodic review of credit policies owing update in same for training purposes
- Ensuring full documentation attainment at branch pertaining to policies/guidelines
- Monitor and oversee PDD management and ensure timely completion of the same
Hub Credit Head
Ummeed Housing Finance Pvt. Ltd.
Delhi
04.2019 - 05.2021
- Structure the right product to the customer during customer interactions
- Manage credit quality and control delinquencies
- Understand credit policy as well as credit environment in the city/ branch
- Manage the process required for delivering reasonable turnaround time
- Monitor portfolio indicator and ensure that they are within the desired limit
- Monitoring and periodic review of portfolio for overall risk control
- Ensuring the compliance for the purpose of post disbursement monitoring and error free disbursement
- Location & site visit whenever required for evaluate the quality and adherence to the policy norms
- Conduct training of the team on regular basis to have a sound knowledge of the market in terms of risk associated with the product and prevalent market practices in operation
- Portfolio monitoring/tracking & escalation of adverse new events in the portfolio of region / area
- Responsible for all audit queries post disbursement
- Responsible for OTC & PDD management
- Instrumental in checking all property paper with the compliance of Legal & Technical
- Conceptualizing & implementing recovery strategies in case of repayment defaults
- Team training on certain interval to ensure updated company policies are followed
Hub Credit Manager
Ummeed Housing Finance Pvt. Ltd.
Delhi
08.2017 - 03.2019
- Handled all the process for SENP/SEP and salaried files for Home Loan and Loan against property
- Looked after processing disbursement with required pace of disbursement to ensure the best TAT
- Instrumental in checking all the property papers with the compliance of legal report and technical report
- Processing of TRT and surrogate income profile proposals
- Responsible to all audit queries after disbursal
- Responsible to ensure OTC and PDD management
Financial Analyst
XL Dynamics India Pvt. Ltd.
Mumbai
01.2015 - 04.2017
- Assessed loan worthiness, credit analysis and review financial statement
- Analyzed the risk involved in loan
- Monitoring and proactively highlighted risk in the portfolio of loans of the underlying security
- Scheduling the performance of team members to ensure efficiency in operation to meeting group target
- Develop contingency plan to deal with emergency and making recommendation for improvement
- Configure financial data and documents in the ERP system
- Maintain database by entering, verifying, and backing up data and documents in the ERP system
- Perform verification as per the process to determine authenticity of data
- Generate final agreements for execution
- Contribute to team effort by accomplishing related results as needed
- Weekly audit of backlog work done
- Regular training with team to update about new changes in policies and adherence of the same
- Regular meeting with team to get feedback regarding changes in policies
- Engage with team to motivate and educate to manage personal and professional life
Education
Post Graduate Diploma in Management -
Jaipuria Institute of Management
Indore01.2015
Master of Economics -
Bodh Gaya University
Gaya01.2013
Bachelor of Economics -
Mithila University
Darbhanga01.2011
B.S.E.B Board- "Passed Xllth" -
S.B.R. Collage
Patna01.2008
B.S.E.B Board - "Passed Xth" -
H.H.S.A.
Khajuri01.2006
Skills
- A highly motivated and analytical MBA (Finance) professional, proficient in income assessment, Credit Appraisal, Legal and Technical scrutinize and examine
- Team leader possessing Outstanding communication
- Managing time By prioritizing work
- Analyzing the Financial Data/ratio
- Deliver quality portfolio Feasibility study
- Flexible and Adaptable
- Team building
- Teamwork and Collaboration
- Interpersonal Communication
- Supervision and leadership
Certification
- Certified Industrial Accountant from Institute of Computer Accountant (ICA) Kolkata Duration 15 month.
- World Bank project under BRLPS (Jeevika), Patna.
- Received a certificate for "Vigilance and eye for detail" at work from Ummeed Housing Finance Pvt. Ltd.
- Successfully completed of CREDIT MODULE-I training in Ummeed.
- Successfully completed of CREDIT MODULE-II training in Ummeed.
Hobbies and Interests
Internet, Active on Social Activity Sites, Studying the various Financial Related Topics., Reading, General Motivational Books, Playing, Cricket, All Time Favorite, Listening to Music
Accomplishments
- Won first prize in carom in annual sports week from Jaipuri Institute of Management, Indore.
- Won second prize in role play competition from Jaipuri institute of Management, Indore.
- Won second prize in simulation business competition Jaipuri Institute of Management, Indore.
- Attended IMA international conclave in Indore.
- Participated National seminar on Demystifying Union Budget Indore.
- Won best performer award in Delhi/NCR.
Languages
English, Hindi, Maithili
Other Highlights
- Well versed with ratio analysis like, Liquidity Ratio, Turnover Ratio, Operating Profitability Ratio, Business Risk Ratio, Financial Risk ratio, Stability Ratio, Coverage Financial Ratio, Control Ratio. LTV, FOIR, NDI etc.
- Expertise in assessing income through ITR, GST, Kacha/Pucca Bills, and observation.
Mobility
Ready to go anywhere in India and outside (if required), currently residing in New Delhi.
Timeline
Zonal Portfolio Head (AVP) - North
Vistaar Financial Services Pvt. Ltd
09.2024 - Current
Lead - Central Credit Manager
Fusion Finance Ltd.
09.2022 - 09.2024
Cluster Head - Credit
Ummeed Housing Finance Pvt. Ltd.
06.2021 - 09.2022
Hub Credit Head
Ummeed Housing Finance Pvt. Ltd.
04.2019 - 05.2021
Hub Credit Manager
Ummeed Housing Finance Pvt. Ltd.
08.2017 - 03.2019
Financial Analyst
XL Dynamics India Pvt. Ltd.
01.2015 - 04.2017
- Certified Industrial Accountant from Institute of Computer Accountant (ICA) Kolkata Duration 15 month.
- World Bank project under BRLPS (Jeevika), Patna.
- Received a certificate for "Vigilance and eye for detail" at work from Ummeed Housing Finance Pvt. Ltd.
- Successfully completed of CREDIT MODULE-I training in Ummeed.
- Successfully completed of CREDIT MODULE-II training in Ummeed.
Post Graduate Diploma in Management -
Jaipuria Institute of Management
Master of Economics -
Bodh Gaya University
Bachelor of Economics -
Mithila University
B.S.E.B Board- "Passed Xllth" -
S.B.R. Collage
B.S.E.B Board - "Passed Xth" -
H.H.S.A.
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