Rajesh ARUMUGHAM
Divisional Manager
Chennai
Summary
MBA, CISA, CMA (formerly ICWA) Divisional Manager – Business Finance, Daimler India Commercial Vehicles Formerly Regional Credit Operations, Asia-Pacific, Africa & China (APAC) Mob. No / WhatsApp: Summary: Seasoned Credit Risk Management Pro in India and the APAC Region (10+ countries) adept in Credit Rating & Scoring, Underwriting, Risk Mitigation & Monitoring, Policy Review, Restructuring, Stress Test / Scenario Analysis, and Risk Models. Cost and Management Accountant (CMA) qualification, with a sharp focus on Accounting, Auditing, Costing, Financial Management, and Taxation. MBA, specialized in finance. Bringing a formidable 17-years of experience in credit risk management, and financial planning and analysis
Overview
17
17
years of professional experience
3
3
Languages
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
Education
MBA - Finance
GPA: 61%
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B.COM - undefined
GPA: 65%
Skills
Strategic planning
undefinedTimeline
Divisional Manager - Daimler India Commercial Vehicles Private Limited, Global Capability Center
06.2022 - Current
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
Senior Manager (Wholesale / Dealer Credit Analyst) - Daimler Financial Services India Private Limited
03.2012 - 05.2014
-
04.2009 - 02.2012
Senior Team Member - Ford Credit
05.2008 - 03.2009
Team Member / Senior Team Member -
07.2007 - 04.2008
- Ford Motor Private Limited, Credit - North America and UK
10.2006 - 02.2012
Senior Associate - Financial Risk Specialist -
10.2006 - 03.2009
Team Member -
10.2006 - 06.2007
University of Chennai - MBA, Finance
- ,
University of Chennai - B.COM,
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