Prakash Tiwari
Ankleshwar,GJ
Summary
I seek challenging opportunities where I can fully use my skills for the success of the organization.
Experienced with debt recovery strategies and financial stability practices. Utilizes comprehensive knowledge of risk assessment to develop effective debt management plans. Track record of fostering client relationships and achieving consistent debt recovery success.
Overview
8
8
years of professional experience
1
1
Certification
3
3
Languages
Work History
Senior Area Debt Manager
Bajaj Finance Ltd
09.2024 - Current
- Area manager 12 +Cr.SME Business loan portfolio as well Professional loan of Surat & nearby spoke city in surrounding areas.
- Under this vertical have ensure to maintained Processes like Allocation Distribution, Capacity Planning as per the ACR & company Requirement.
- Maintained Daily Cash Flow Deposition & Banking Processes Smoothly.
- Daily review with entire team of 28 off role Collection officers and 6 on role collection manager which here directly report to me to maintain daily DRR targets.
- In SME I have maintained 64 to 68% Average Efficiency and in Professional loan collection maintained 72 % against Field Allocation.
- Support to Central tele calling team for early case resolutions & help to reduce costing & field ACR as well.
- Apart from resolution I have driven my Team for penalty collection which help the company to reduce its collection cost.
- Given timely training to the team for coming new updates & processes.
- Directly Handled High POS & Critical Cases at my Level for timely resolutions. Encouraged & Motivated Star Performers within team which impacted to do their work more efficiently.
- Led debt recovery initiatives to enhance portfolio performance and minimize losses.
- Mentored junior staff on compliance regulations and best practices in debt management.
- Analyzed financial trends to identify areas for process improvement and operational efficiency.
Credit Manager
L & T Finance Ltd
11.2022 - 08.2024
- Credit Analysis,Credit Risk Management and Credit Underwriting.
- Worked with Professional Department and dealt with Professional clients for credit analysis and Risk Management.
- Credit Appraisal, Credit Underwriting,Creditanalysis,Credit policy& risk,working capitals,SME Credit and making proposals of Business loans.
- Well versed with the prevalent market trends with excellent communication,relationship
- Management and analytical skills.
- Oversaw credit risk assessment processes, ensuring compliance with regulatory standards.
- Developed credit policies, improving approval turnaround time and enhancing service quality.
- Led cross-functional teams to implement risk mitigation strategies, reducing default rates.
- Analyzed credit reports and financial statements, providing actionable insights for decision-making.
Collection Manager
Bajaj Finance Ltd
05.2020 - 09.2021
- Strategic & capacity planning, FinanceAudit/Compliance/Collections Leadership Vendor Management Performance optimizations Budget forecast and Allocations Client Account Management Employee Relations & engagement
- Led collections team, enhancing recovery rates through targeted strategies.
- Developed training programs for staff, improving operational efficiency and compliance.
- Analyzed delinquency trends, implementing corrective actions to reduce outstanding balances.
- Negotiated payment plans with clients, fostering positive relationships to facilitate collections.
Credit Manager
Bajaj Finance Ltd
07.2017 - 04.2020
- Credit Analysis,Credit Risk Management and Credit Underwriting.
- Worked with Professional Department and dealt with Professional clients for credit analysis and Risk Management.
- Credit Appraisal, Credit Underwriting,Creditanalysis,Credit policy& risk,working capitals,SME Credit and making proposals of Business loans.
- Well versed with the prevalent market trends with excellent communication,relationship
- Management and analytical skills.
- Collaborated with sales teams to align credit strategies with business objectives, driving profitability.
- Analyzed applicants' financial status and credit and property evaluations to determine loan feasibility.
- Implemented an effective training program for new hires that accelerated their ability to contribute effectively within the team environment quickly.
- Mentored junior team members in credit management best practices to enhance overall department performance.
Education
MBA - Finance
Parul University Vadodara
Vadodara, India05-2017
BBA -
Sardar Patel University
Anand, India04-2015
HSC - Commerce
GHSEB Gandhinagar
Ankleshwar, India05-2012
SSC -
GSEB Gandhinagar
Ankleshwar, India01.2010
Skills
Loan servicing
Debt recovery strategies
Debt negotiation
Portfolio management
Credit control
Risk mitigation
Stakeholder communication
Cash flow forecasting
Debt restructuring
Debt collection
Debt counseling
Payment plan development
Credit risk assessment
Loan processing
Debt management
Loan underwriting
Interests
Football, Cricket, Social work, Exploring New Things
Certification
DTP
Timeline
Senior Area Debt Manager
Bajaj Finance Ltd
09.2024 - Current
Credit Manager
L & T Finance Ltd
11.2022 - 08.2024
Collection Manager
Bajaj Finance Ltd
05.2020 - 09.2021
Credit Manager
Bajaj Finance Ltd
07.2017 - 04.2020
DTP
05-2015
MBA - Finance
Parul University Vadodara
BBA -
Sardar Patel University
HSC - Commerce
GHSEB Gandhinagar
SSC -
GSEB Gandhinagar