Somnath Patil
Banker
Pune,Maharashtra
Summary
Results-driven Area Credit Manager with 11 years of extensive experience in the banking and non-banking financial sectors, including reputable institutions such as ICICI Bank, RBL Bank, Jana Bank, and ISFC. Proven expertise in handling Home Loan (HL) , Loan Against Property (LAP) and Business loans portfolios, demonstrating a strong track record of optimizing credit processes and mitigating risk.
Overview
11
11
years of professional experience
1
1
Certification
Work History
Area Credit Manager- Secured Business Loan/LAP
ISFC- Indian School Finance Company
07.2018 - Current
- Underwriting of Secured Business Loan and LAP
- Handled team of around 2 CPA and 3 Credit Managers and approved files beyond their limit's assigned approved cases till 1cr. and Taking care of for Pune , Nagpur and Amaravati area.
- Ticket Size is of Rs. 25 Lakhs to Rs. 7.5 Cr
- Handling 40 to 60 Files per Month.
- Conduct PD at Residential and Business place of customer and preparation of Credit Appraisal Memo (CAM).
- Analyze Credit / Financial data such as income growth, profitability, stability, cash flows, etc.
- Analysis of Bank statements & Repayment Track record.
- Financial statement analysis and ratio analysis to check entity financial health.
- Analyzing frauds, Risks & taking due actions & steps while reporting same to management
- Assessment of Collateral appraisal including legal and technical aspects (Timely operate vendor management, empanelment and report.)
- Approve /Recommendation of proposal with adherence to policies and procedures.
- Maintaining Turn around time (TAT) as per organization guidelines
- Proved successful working within tight deadlines and fast-paced atmosphere.
- Review and update Company's Credit Policy when necessary
Cluster Underwriter -HL/LAP
Jana Small Finance Bank
08.2016 - 06.2018
- Underwriting of HL and LAP
- Handled team of around 3 CPA and 3 Credit Managers and approved files beyond their limit's assigned approved cases to me.
- Ticket Size is of Rs. 20 Lakhs to Rs. 3 Cr.
- Approving limit was 50 Lakhs.
- Taking care of for Pune and Talegaon and Ahmednagar branch ( Pune Cluster).
- Conduct PD at Residential and Business place of customer and preparation of Credit Appraisal Memo (CAM).
- Analyse Credit / Financial data such as income growth, profitability, stability, cash flows, etc.
- Analysis of Bank statements & Repayment Track record.
- Credit assessment based on various checks such as CIBIL, Google Check, all Due Diligences Check,
- Financial Analysis and ratio analysis to understand profitability and financial stability .
- Assessment of Collateral appraisal including legal and technical aspects.
- Approve /Recommendation of proposal with adherence to policies and procedures.
Branch Credit Manager- (LAP/SBL)
RBL Bank
04.2015 - 08.2016
- Underwriting of all types of Secured Business Loans, (Loan Against Property).
- Handled team of 2 CPA
- Ticket Size is of Rs. 5 Lakhs to Rs. 50 Lakhs
- Approving limit was 10 Lakhs
- Taking care of for Chinchwad and Swargate branch.
- Conduct PD at Residential and Business place of customer and preparation of Credit Appraisal Memo (CAM).
- Analysis of Financials, Bank statements & Repayment Track record
- Assessment of Collateral appraisal including legal and technical aspects
- Recommendation/Underwriting of proposal with adherence to policies and procedures.
- Timely submission of MIS and Audit Compliance to the management
- Maintain TAT of files from login to disbursement.
- Maintaining perfect coordination between sales and operations.
- Also system updating detail, Legal feedback, Technical valuation, OTC & PDD documents.
- Handling 30 to 40 Files per Month.
- Ensuring 100% collection of fresh bucket bouncing at branch level cases before given PTP.
Senior Agri.Officer- KCC, Agri Term Loan
ICICI Bank Ltd
11.2012 - 03.2015
- Underwriting of farmers for crop loan and agri term loans like - Dairy loans, Irrigation loan by visiting actual farm land and checking
cropping pattern and irrigation facility. - Conduct PD at Residential and Farm place of Farmer .
- Credit assessment based on various checks such as CIBIL, Google Check, all Due Diligences
- Preparation of CAM on the basis of scale of finance stipulated by NABARD and State goverment.
- Assessment of agri. land including legal and technical aspects
- Issue notice to Talathi to create charge on agri land after disbursement.
Education
Certification in Fundamentals of Credit - Fundamentals of Credit
07.2021
PGDBM - Business Administration And Management
06.2010
- Passed with First Class
IELTS - English
08.2008
Bachelor of Science - Biotechnology
06.2008
- Graduation with Distinction,
HSC- Science- -
06.2004
- Final Grade: 63%
SSC -
06.2002
- Final Grade: 79.60%
Skills
- Financial Forecasting
- Financial Analysis
- Collaborating with different Teams
- Risk Assessment
- Strong negotiation Skills
- Ability to Work under Pressure
- Excellent Analytical Skills
- Solid interpersonal Skills
- Building & maintaining Strong Relationships with Customers
- Great Written and Verbal Communication Skills
- Understanding Of loans and lending procedures
Additional Information
- Won KUDOS award in the months of July & September 2021 and the HEROES award for the month of January 2022 for exceptional Performance of the respective months for Clean Underwriting and no errors with catching maximum frauds.
- Passed 1st rank in SSC in my school in the year 2002.
- Passed IELTS exam with 6 band score of British Council in the year 2008.
- 1st rank in my collage for Bsc Biotechnology in the year 2008.
Certification
- Certificate in- Open Banking, PSD2, GDPR and Fintech from Udemy
Languages
Marathi
Bilingual or Proficient (C2)
Hindi
Bilingual or Proficient (C2)
English
Advanced (C1)
Timeline
Area Credit Manager- Secured Business Loan/LAP - ISFC- Indian School Finance Company
07.2018 - Current
Cluster Underwriter -HL/LAP - Jana Small Finance Bank
08.2016 - 06.2018
Branch Credit Manager- (LAP/SBL) - RBL Bank
04.2015 - 08.2016
Senior Agri.Officer- KCC, Agri Term Loan - ICICI Bank Ltd
11.2012 - 03.2015
Corporate Finance Institute - Certification in Fundamentals of Credit, Fundamentals of Credit
MDX University, London - PGDBM, Business Administration And Management
British Council - IELTS, English
Swami Ramanand Teerth Marathwada University - Bachelor of Science, Biotechnology
Kilachand Jr. Collage - HSC- Science- ,
Jyotirling High School - SSC,
- Certificate in- Open Banking, PSD2, GDPR and Fintech from Udemy
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