Prashant Raval
Rajkot
Summary
Dynamic Area Credit Manager with extensive experience at Mahindra Home Finance, specializing in risk mitigation and relationship management. Proven track record in enhancing credit strategies and implementing efficient processes. Skilled in credit appraisal and staff management, driving significant improvements in operational efficiency and team performance.
Overview
18
18
years of professional experience
Work History
Area Credit Manager
Mahindra Home Finance
Rajkot
07.2023 - Current
- Oversaw reporting, documentation and recordkeeping requirements for department
- Wrote and implemented standard operating procedures for credit personnel to achieve consistency in unit operations
- Collaborated with management to evaluate credit strategies and develop improvements
- Monitored accounts for signs of fraud and non-payment issues
- Obtained and reviewed credit reports, credit references, credit insurance and financial statements to establish credit limits for new accounts
- Reviewed and analyzed loan procedures
- Used FinOne NEO to perform credit appraisals, document verification and loan approvals
- Analyzed applicants' financial status and credit and property evaluations to determine loan feasibility
- Investigated and evaluated customers for creditworthiness and potential risk factors
- Referred delinquent accounts to collections department or outside resources
- Work cross-functionally with sales, management and other departments to maintain effective operations
Manager
Khushbu Auto Finance Limited
Rajkot
08.2016 - 07.2023
- Company Overview: (Subsidiary of Atul Auto Ltd.)
- Monitoring of credit appraisal of Saurashtra & Kutch region for 2w & 3w products
- Verification and approval of loan proposals and related documents
- Personal discussion with customers, if required
- Follow-up of finance cases for new disbursement
- Interaction with dealers as well as customers
- Marketing of finance schemes in all over region
- Responsible for business development in assigned region
- Preparation of loan schemes
- Consumer & commercial data preparation & submission to all CICs
- Dealer visit for business improvement & problem solution
- NACH / PDC Management
- Monthly MIS and PDD follow ups, RC generation
- Co-ordination with Accounts, Sales & Collection department for smooth processing
- Monitoring the team of sales & collection executives
- Analyzing & monitoring daily new proposals & cash collection
- Provide all information/help regarding system to collection team on daily basis
- Introduced new methods, practices, and systems to reduce turnaround time
- Maximized performance by monitoring daily activities and mentoring team members
- Resolved staff member conflicts, actively listening to concerns and finding appropriate middle ground
- Onboarded new employees with training and new hire documentation
- Developed and implemented business strategies to achieve business goals and stay competitive
- Managed and motivated employees to be productive and engaged in work
- (Subsidiary of Atul Auto Ltd.)
Assistant Manager
Atul Auto Limited
Shapar - Rajkot
09.2010 - 07.2016
- Company Overview: (Parent company of Khushbu Auto Finance Ltd.)
- Monitoring collection executive team
- Monitoring of legal procedures
- MIS for legal and collection
- Accounting of Domestic & Export sales
- (Parent company of Khushbu Auto Finance Ltd.)
Senior Officer
Khushbu Auto Finance Limited
Rajkot
08.2007 - 08.2010
- Verification and approval of loan proposals of 2w & 3w and related documents
- Marketing of finance schemes in all over in India
- Dealer visit for improvement business & problem solution
- Follow-up of finance cases for new disbursement
- Preparation of loan schemes
- MIS and budget
- Interaction with dealers and customers
- Back office support to legal staff
- Liaising with customers
- Analyzing & monitoring legal activity
- Plan and execute monthly and yearly recovery targets
Education
PGDIM - Finance
Indira Gandhi National Open University
Rajkot06.2012
Bachelor of Commerce - Computer Science
M B Arts & Commerce College
Gondal04.2006
High School Diploma -
Deepak High School
Amreli04.2003
Skills
- MS Office
- Internet
- Other Customized software
- Secured Loan
- Unsecured Loan
- Home Loan
- LAP
- Two wheeler
- Three Wheeler
- Risk mitigation
- Relationship building and management
- Staff Management
- Credit reports
- Authorizations understanding
Accomplishments
- Supervised team of 25 staff members.
- Resolved product issue through consumer testing.
Additional Information
Credit Underwriting, Team Management, MIS
Personal Information
Title: Area Credit Manager
Timeline
Area Credit Manager
Mahindra Home Finance
07.2023 - Current
Manager
Khushbu Auto Finance Limited
08.2016 - 07.2023
Assistant Manager
Atul Auto Limited
09.2010 - 07.2016
Senior Officer
Khushbu Auto Finance Limited
08.2007 - 08.2010
PGDIM - Finance
Indira Gandhi National Open University
Bachelor of Commerce - Computer Science
M B Arts & Commerce College
High School Diploma -
Deepak High School
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