Sonal S. Kotian
Mira Road East
Summary
Accomplished banking professional with over 8 years of experience in Banking Operations, Retail and Wholesale Banking, and Core Banking. Expert in auditing Corporate Banking Operations at Axis Bank Ltd., with a proven track record in managing delinquent cases and executing high-volume banking transactions. Possesses strong analytical skills and comprehensive knowledge of RBI regulations, complemented by proficiency in MS Office and financial software tools. Aiming to leverage expertise within a dynamic corporate environment to enhance operational efficiency and drive growth.
Overview
11
11
years of professional experience
1
1
Certification
Work History
Manager – Corporate Banking Operation – Audit Compliance & MIS
Axis Bank Ltd.
Mumbai
03.2023 - Current
- Scrutinizing credit documents of corporate clients for compliance with audit observations.
- Classifying the observation into their effecting embodiments and analyzing the process.
- Analyzing the errors and providing suggestion for refining the process health score and improvising credit score
- Reviewing whether regulatory policy is being adhered to by the units.
- Regularizing credit operation aspects that hamper the audit rating.
- Conducting Process control audit for low rated units
- Monitoring various parameters such as the opening of corporate accounts, collecting PF/RF/Mortgage fees, filing ROC, timely inspections by the units, collection of documents, obtaining the end use, and updating the annual turnover, etc.
- Checking the CAM note and sanction letter, and verifying if all details are updated correctly in Finacle.
- Monitoring and updating of various post-disbursement aspects in the system, such as Insurance, CERSAI, Inspection, ROC, etc.
Officer-Branch Banking – Advance Department
Bharat Co-operative Bank (Mumbai) Ltd.
Mumbai
01.2015 - 02.2023
- Evaluating clients' financial information and data, such as audited annual reports and income tax returns.
- Preparing credit loan appraisals, such as retail loans, working capital finance, overdraft facilities, business loans, loans against properties, letters of credit, bank guarantees, pre-shipment and post-shipment finance, loan statements, etc.
- Handling end-to-end processing from the assessment of eligibility, preparing appraisals, sanctioning, and post-disbursement activities of all kinds of business, housing, mortgage, cash credit, gold, and vehicle loans.
- Analyzing the company's various business parameters, such as financial statements, including various ratios, business drivers, the company's growth model, debt repayment capacity, management, and loan-to-collateral value for the bank's internal credit rating.
- Property document verification.
- Conducting a search, legal opinion, and valuation of the property by coordinating with the respective panel-appointed experts.
- Preparation of the sanction letter, loan documentation, conducting the annual review of all the loan accounts by scrutinizing the financial data, creation of the CERSAI charge, notice of intimation, ROC charge creation, and complying with sanction conditions.
- Checking approved files with respect to documentation, compliance with all terms and conditions stipulated in the credit arrangement letter, sanction terms, and getting the documents adequately stamped and properly filled, etc.
- Setting account limits in Finacle as per the sanction letter.
- Setting drawing power by scrutinizing the stock statement at respective intervals.
- Opening a sanctioned account in the system and disbursing the funds as per the purpose of the loan.
- Analyzing the credit facility of large corporations.
- Evaluate financials of the large corporate and rating them respectively
- To ensure compliance with post-disbursement conditions at all times.
- Ensure adherence to the credit policy and RBI guidelines.
- Ensuring compliance with KYC norms and checking account operations to prevent money laundering.
- Audit Follow-Up and Compliance.
- Monitoring of RBI statements (monthly, quarterly, RBI annual statements, as well as statutory statements).
- Verifying insurance policies for ensuring insurance adequacy
- Monitoring the monthly stock maintenance statement of Cash Credit Accounts.
- Taking necessary actions against defaulters by personal contacts, written reminders, notices, and recommending the file for SARFAESI and ABN.
- Updating asset details in CERSAI and in the internal collateral management system.
- MIS Quarterly and monthly statement reporting to the head office and RBI, i.e., classification of NPA, NPA profile, movement of NPA, loan sanctioned at the branch level statement, etc.
- Monitoring the various loan accounts.
- Preparing loan documents and authenticating them, respectively.
- Issuing non-funded products and updating the limit of the respective product.
- Issuing of bank guarantees.
- Foreign Outward and Inward Remittance.
- Provide financial assistance to customers in accordance with their requirements.
- Scrutiny of loan files, which are due for renewal. Also, update the renewal in the system.
- Settlement of vendor bills, i.e., valuation fees, intimation fees, legal fees, and search fees.
- Extension for all those loan customers, which are due for renewal.
- Employing strict credit control measures to recover dues from defaulters without compromising on borrowers' dignity.
- Ensuring compliance with statutory requirements as per audit guidelines and regulations laid down by various acts by the RBI.
- Ensuring the strict application of the Bank's credit policy.
Associate – Prospect Mortgage – Documentation
Tata Consultancy Service
05.2014 - 12.2014
- Evaluating the credit worthiness of US based customers
- Scrutinizing the title deeds related to housing loan and other credit facilities availed by the customers
- Escalating errors and uploading fresh reports
- Creating job sheets for the team
Education
PGDM - International Business
Welingkar Institute of Management
01.2018
T.Y.B Com - Banking And Insurance
S.I.E.S College
01.2014
H.S.C -
S.I.E.S College
01.2011
S.S.C -
St. Charles High School
01.2009
Skills
- Ability to master new skills quickly
- Relationship building
- Time management
- Effective communication
- Positive attitude
- Disciplined
- Conflict resolution
- Documentation and reporting
- Patience
- Efficient
- Sincerity
Certification
- Credit Management Certificate – National Institute of Bank Management
- MS Office: Word, Excel, PowerPoint and Outlook.
- CBS Software ‘Finacle’ – An Infosys application for Banks and OMNI
- Spanish Language learning A1 and A2
Mobile Numbers
- 9773447842
- 90824 58539
Personal Information
Date of Birth: 04/08/93
Languages
- English
- Hindi
- Marathi
- Tulu
- Spanish/Espanol (Level A2)
Hobbies and Interests
- Listen Music
- Dancing
- Swimming
Strengths And Key Skills
- Ability to master new skills quickly
- Positive attitude & Disciplined
- Good communication
- Patience and efficient
- Sincerity and smart
Professional Objective
Manager, Axis Bank Ltd., 03/01/23, Present, Established track record in handling delinquent cases w.r.t. credit monitoring, preparation of recommendation, sanction letter, disbursement of facility, credit audit and credit MIS., Demonstrated ability in handling large volume of banking transactions., Excellent communicator with strong analytical skills, well versed with MS Office, Internet application, Credit appraisals, Monitoring and Post Disbursement, Letter of Credit, Bank Guarantee, Inward Remittance, Outward Remittance.
Timeline
Manager – Corporate Banking Operation – Audit Compliance & MIS
Axis Bank Ltd.
03.2023 - Current
Officer-Branch Banking – Advance Department
Bharat Co-operative Bank (Mumbai) Ltd.
01.2015 - 02.2023
Associate – Prospect Mortgage – Documentation
Tata Consultancy Service
05.2014 - 12.2014
PGDM - International Business
Welingkar Institute of Management
T.Y.B Com - Banking And Insurance
S.I.E.S College
H.S.C -
S.I.E.S College
S.S.C -
St. Charles High School
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