Rajesh ARUMUGHAM

Work History

Divisional Manager

Daimler India Commercial Vehicles Private Limited, Global Capability Center

06.2022 - Current

Oversee all aspects of financial reporting, including the preparation of monthly, quarterly, and annual financial statements for GCC segment
Implemented cost-control measures, resulting in a more than 10% reduction in operational expenses
Led a team of financial analysts, providing mentoring and guidance to enhance team performance and productivity
Collaborated with cross-functional teams to develop and execute financial strategies aligned with corporate goals
Implementation state-of the art finance system for GCC segment

Manager - Key Account, Credit Risk Management

Mercedes-Benz Mobility AG

01.2021 - 05.2022

Manager

Daimler Financial Services, APAC Regional Office

06.2014 - 12.2020

Underwriting credit application from medium to large corporate and dealer customers
Responsible to jointly approve credit requests (including credit restructures) up to EUR 5.00million (INR 40+ Crore approx.)
Stakeholder Management (Mercedes-Benz Mobility AG Board Member, local management team such as MDs, CFOs on credit applications which require approval from the Board of Mercedes-Benz Mobility AG and Mercedes-Benz Group CFO for credit applications exceeding EUR 100million
Monitor credit risk performance, trends in India, Australia, New Zealand, Malaysia, South Africa, South Korea, Taiwan, and drive risk mitigation action plans with local management (C-suite) and Global Risk Management team
To play a consultant role to the APAC markets on credit related topics under the Key Account responsibility
E.g., Credit Policies, Finance Product (initiation to sunset), Credit systems
Responsible to ensure instilling strong credit risk management practices at assigned markets
Responsible to monitor and update dealer and corporate rating models for APAC markets (non-statistical)
Once in 6 months the rating models are reviewed for model stability and decide on ad hoc change to have high discriminatory power
To play a consultant role and advice global risk instruments team on global rating models for Daimler Mobility entities globally
Coaching credit analysts from APAC Region
To prepare up-to-date internal management reports on credit KPIs
Review of CALs of all APAC markets (12 markets) on an annual basis and recommend credit limit modifications, based on credit risk performance, concentration risk, economic factors, corporate audits, and risk review findings
Consult with Global Risk Management on implementing advanced Credit Risk Digital platform across APAC markets
Achievements:
Immensely contributed in installing strong credit risk management practices at Daimler Financial Services India (DFS India) in the capacity of Key Account Manager
Part of my role as Key Account Manager, I was also responsible to analyze following risk KPIs and develop risk mitigation action plans jointly with local management at DFS India and Global Risk Management team in Germany
Successful completion of Daimler Financial Services India deep risk review (assignment by Board Member – Mercedes-Benz Mobility AG) and proposed action plans to address credit & operational risks in the area of Credit risk management
This has immensely helped Daimler Financial Services India to modify credit risk management practices significantly
Successful implementation of Corporate and Dealer rating models in all 12 countries in the APAC Region (e.g., India, Australia, China, South Africa, Malaysia, Japan, South Korea)
Extensive assessment of risk exposure with Travel and Tourism Industry in APAC Region during Covid-19 and proposed action plans to mitigate the credit risk
Head of APAC Regional Credit Operations recognized my extensive work during Covid-19 and received special bonus
Rollout of credit reporting solutions for Corporate, Dealer and Retail credit businesses across APAC markets
Standardized credit underwriting processes in Region APAC which helped to reduce TAT, concise high quality credit applications which helped to make informed credit decision at every credit application stage
Developed business case for strategic implementation of advanced Credit Risk Digital platform for APAC markets.

Senior Manager (Wholesale / Dealer Credit Analyst)

Daimler Financial Services India Private Limited

Chennai

03.2012 - 05.2014

To ensure sound credit write-ups are prepared with concise analysis that highlight the major strengths and weaknesses of applications and that proposes a balanced credit recommendation with conditions set to mitigate risks and submitted to the India Credit Committee (LCC) and RCC
Preparation of Legal documents to secure DFSI security position on the Collateral
Preparation of reports which includes Watch list, Problem Credit report, Risk Exposure report, Monthly management portfolio summary for dealer business
Achievements:
Recognized as Outstanding Performer in 2013 (DFSI yearly award)
Received 11 Extra Mile Awards [2012 & 2013] for excellent contribution to Dealer Credit department
Represented Dealer Credit function for the inspection conducted by Reserve Bank of India (RBI) in 2013 for NBFC license renewal; received recognition from Head of Credit Operations for excellent coordination with RBI auditors
Strengthened DFSI Dealer Credit Policy based on the recommendation made by RBI auditors and Risk Review audit findings.

04.2009 - 02.2012

Ford Motor Private Limited, Credit - North America and UK

Chennai

10.2006 - 02.2012

Financial Risk Analysis (FRA), Ford

Senior Team Member

Ford Credit

05.2008 - 03.2009

Submission of WearCare claims to GAIC (, ), based on third-party vehicle inspection report and electronic vehicle conditions report for vehicles returned from operating lease customers in North America.

Senior Associate - Financial Risk Specialist

10.2006 - 03.2009

Wholesale Credit underwriting for North America and UK Dealer business
Credit Risk Monitoring via Watch list and ICU dealer reports
Monitoring low to medium risk dealers through application dashboard monthly
Preparation of legal documents to secure Ford Credit’s security position and Credit limit activation
Support FRA department’s internal controls, including development and maintenance business continuity plans (BCP)
Review and recommend policy changes to the Learning and Development Department in Nashville, North America based on internal audit findings and new initiatives
Achievements:
Successful transition of Dealer Credit underwriting functions from Ford Credit - North America to Ford Business Services in India
Received appreciation from Director – Global analytics for quality credit underwriting
Received three employee excellence awards for sound credit analysis, timely completion of annual reviews and excellent credit risk report monitoring
Assisted in developing basic control book for Internal Control and BCP for FRA department
Six Sigma trained and Yellow belt certified for reducing errors in legal documentation
Ford Credit Operations – Lease and Retail Business

Team Member / Senior Team Member

07.2007 - 04.2008

Ford Credit - Inventory Follow up, Process of ensuring vehicle returns from the end of operating lease contracts & repossessed vehicles and titles of vehicles reaches the Auto Auctions in shortest time and setting up sale date for the vehicles
This process involves coordinating with North America auction centers for sale related issues, Vehicle liquidation team for vehicle termination and repossession related issues, legal team for title-related issues, and loss prevention team.

Team Member

10.2006 - 06.2007

Ford Credit - Automated Credit Dispute Verification, Addressing retail and lease customer’s grievances on their Payment defaults reporting to credit bureaus such as Transunion, Experian, and Equifax
Achievements:
Successful transition of Automated Credit Dispute Verification, Inventory Follow up and WearCare functions from Ford Credit North America to FBSC India
Received recognition for excellent coordination on transitioning from Ford Credit North America to FBSC India
Successful completion of two Kaizen Projects
(i)
WearCare claim automation, cost reduction, reduction in WearCare claim rejections, improvement in customer satisfaction
(ii)
Vehicle liquidation audit automation – Inventory Follow up; with this project the entire Inventory Follow up function become paperless and with reduced TAT
Qualifications:
Academic Qualification Institution Marks secured Year of passing
CMA (formerly CWA) The Institute of Cost Accountants of India 55% 2019

Summary

Overview

Work History

Divisional Manager

Manager - Key Account, Credit Risk Management

Manager

Senior Manager (Wholesale / Dealer Credit Analyst)

Senior Team Member

Senior Associate - Financial Risk Specialist

Team Member / Senior Team Member

Team Member

Education

MBA - Finance

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B.COM - undefined

Skills

Timeline

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