Rakesh Kumar Shrivastava
Home Loan Credit Underwriting, Operations, Branch Audit, Internal Audit, Compliance & Securitization
Ghaziabad
Summary
Manager (Banking and NBFC) with 10.5 years of successful experience in Credit Underwriting (Home Loans & LAP), Operations Audit, Internal Audit, Compliance & Securitization (Home loan and Loan against property) . Recognized consistently for performance excellence and contributions to success in Finance & Banking industry. Strengths in Audit, Credit & Operations field backed by previous experience & training in Management Studies (MBA, M.Com & B.Com).
Overview
11
11
years of professional experience
9
9
years of post-secondary education
3
3
Certifications
2
2
Languages
Work History
Manager (Credit Underwriting Audit) Home Loan/LAP
IIFL Home finance limited
Gurgaon
2022.08 - Current
- Developed and implemented performance improvement strategies and plans to promote continuous improvement.
- Assess credit worthiness of borrower by evaluating & analyzing financial statement/Income documents, Banking, repayment track of running loans etc.
- Evaluating risk factors by verifying of borrowers profile (salaried/Self-employed) as per companies policy.
- Verification of legal, technical, PD , FCU and FI verification reports
- Verification of overall process (Login to disbursal) for detecting discrepancies.
- Report process & policy discrepancies to top management for taking corrective measures.
Deputy Manager (Credit Underwriting) Home Loan
Axis Bank
Noida
2019.11 - 2022.08
- Research & evaluate creditworthiness of customer/ cases
- PD/ customer visit, predict risk & loan underwriting Approve/ reject loan request based on credibility potential revenues.
- Ensure all lending procedures comply with regulations.
- Underwrite retail loan proposals and prepare Credit approval memo (CAM).
- Self sanction cases upto 25 lakh (have sanctioning authority upto 25 lakh)
- To ensure Audit compliance and regulatory compliance for the branch/ location.
- Analyze applicants' financial status and property evaluations to determine loan feasibility.
- Assess delinquency risk & evaluates factors that help to understand the financial situation of borrower.
- Loan assess on the bases of applicants eligibility by verifying financial documents, KYC documents, Verification reports (Field investigation, Personal discussion (PD) & FCU verification) CIBI score with previous loan repayment tracks, APP score, Banking transactions.
- Process loan applications as per RBI guidelines & banks policy ( as per restricted LTV, FOIR & CLFR ).
- Also work with IMGC (India Mortgage Guarantee Corporation) team for sanctioning specific loans as per companies policy.
- Time to time conducting team huddles on amendments of companies credit policies.
- Maintain approval ratio & TAT of loan application as per companies policy.
- Co-ordinate with sales team, Data entry team, FI, PD & FCU teams etc for processing loan application within TAT.
Credit Underwriting & Compliance
INDIABULLS HOUSING FINANCE LTD (Head Office)
Gurgaon
2016.06 - 2019.11
- Assess credit worthiness of applicant by analyzing Financial statements, CIBIL score & repayment tracks, Bank Statements, GST & ITRs.
- Under standing applicant business model & potential risk factors impacting their credit.
- PD verification of applicant business to understand the business stability & liquidity.
- Prepare credit approval memo (CAM) on the basis financial documents, obligations, verification reports and overall business scenario of applicant.
- Managing team to establish the best practices in line with industry standards.
- Work closely with business team, legal team, technical team, FCU team, Fi & PD vendors etc
- Engaged in Home Loans and Loan against property underwriting & compliance as per companies policy.
- We also deal with various banks for the process of Securitization & Audit (Axis Bank, BOI, Indian Bank, SBI, CANARA Bank, IDFC Bank, Bank of Baroda, HSBC Bank, Syndicate Bank, OBC Bank, ICICI Bank etc.) As per seniors instructions
- Making strategies as per banker’s priorities and requirement for making saleable pool from master database in respect of Home loan and LAP category-wise (PSL and NPSL).
- Checking and verification of Home loans and (LAP) Loan against property cases (PSL and NPSL) for finding and resolving mistakes and discrepancies by following up with branches (Pan-India) and concern authorities (which includes Credit team, legal team, technical team, Operation team etc).
- Bankers query resolution while audit process with various Banks.
- MIS management (Maintaining huge data MIS by using various Excel formulas on daily basis for maintaining proper record of audit data.
- Audit report preparation for reporting whole audit scenario with top management (with POS of approved cases and list of rejections).
- Time to time we indulge in special tasks, like Cersai data uploading, NHB audit etc.
Branch Credit & Operations Officer.
KARVY FINANCIAL SERVICES LTD
Delhi
2015.08 - 2016.03
- Handling entire operations in branch with 6 team members.
- Maintaining pre and post tracker for disbursing loans like Business loan, Gold loan, Loan against property, (Including CIBIL, KYC check, Banking & Income documents of customer).
- Making SWOT analysis of clients for valuation of loans.
- Checking and verification of KYC for reducing fraudulent activities.
- Assist team in quality work for accuracy and improvement in operations and accounts process.
- Monitoring cash inflow and cash outflow on daily basis.
- Taking valuable work output from team (Resolving NPA, customer queries and complains, branch registers as per credit matrix)
- Handling issues in branch regarding admin, IT etc by following-up IT & Networking team)
- Taking all approvals from seniors as per credit matrix of company.
- Checking security parameters in branch.
- Assist in Audit for the improvement of the operations process & pull down the risk factor.
- Valuation of gold loan and analysis the credit worth of client as per CIBIL checklist.
- Handle entire branch in absence of branch Manager.
Internal Auditor
SHRIRAM CITY UNION FINANCE LTD
Jodhpur
2013.02 - 2015.07
- Determining Audit objectives, &then designing & implementing systems according to policies & procedures to facilitate internal control of company.
- Monitoring Cash flow and verifying them with actual cost and revenues related to marketing and sale.
- Assist in Quality Audit for the improvement of the operations & accounts process.
- Verification and analysis of daily transactions of all accounts.
- Verification and analysis back office operations including branch registers, customers KYC, Loan files etc.
- Detect the discrepancies &inform the upper management for removing future risk & also suggest the solution and path to perform a quality work.
- Physically verification of fixed assets & current assets.
- Developing reports for top management summarizing the business position in areas of income, expenses, capital usage and cash flows, and also coordinate upper management for preparation of strategic plans.
- Interact with regular bodies to ensure compliance.
Education
MBA - Finance
Uttarakhand Technical University
2011.04 - 2013.03
M.Com -
Kumaun University
2009.04 - 2011.03
B.Com -
Kumaun University
2006.04 - 2009.03
12th - Commerce
DAV School
Kashipur 2005.04 - 2006.03
10th -
Kendriya Vidhyalaya
Kashipur 2003.04 - 2004.03
Skills
• Internal Audit & Compliance
Certification
• O level from "DOEACC"
Other Achievements
- CERTIFICATE of participation in “SYMPOSIUM” on “EMERGNING TRENDS IN MANAGEMENT AND TECHNOLOGY”.
- CERTIFICATE in HIGH ALTITUDE TREKKING PROGRAMME IN "MANALI " (Form GOVERNMENT OF HIMACHAL PRADESH)
Personal Information
- Father’s Name: Mr. Ram Chandra Shrivastava
- DOB: 25th April 1987
- Marital Status: Married
- Permanent Address: Indraprastha Awas yojna HNO 626/D, Ghaziabad (UP)
Declaration
I hereby declare that above furnished each statement is true and complete as per the best of my knowledge.
Place:
Date:
Signature :
Timeline
Manager (Credit Underwriting Audit) Home Loan/LAP
IIFL Home finance limited
2022.08 - Current
Deputy Manager (Credit Underwriting) Home Loan
Axis Bank
2019.11 - 2022.08
Credit Underwriting & Compliance
INDIABULLS HOUSING FINANCE LTD (Head Office)
2016.06 - 2019.11
Branch Credit & Operations Officer.
KARVY FINANCIAL SERVICES LTD
2015.08 - 2016.03
Internal Auditor
SHRIRAM CITY UNION FINANCE LTD
2013.02 - 2015.07
MBA - Finance
Uttarakhand Technical University
2011.04 - 2013.03
M.Com -
Kumaun University
2009.04 - 2011.03
B.Com -
Kumaun University
2006.04 - 2009.03
12th - Commerce
DAV School
2005.04 - 2006.03
10th -
Kendriya Vidhyalaya
2003.04 - 2004.03
• O level from "DOEACC"
• CERTIFICATE in "Information Systems for Auditing and Cost Management"
• Application Software-MS-Word, PowerPoint, Excel
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