Sonali Sonawane
Mumbai
Summary
Regional Manager with extensive experience at National Housing Bank, specializing in credit risk assessment and regulatory compliance. Demonstrated success in leading teams and enhancing operational efficiency, resulting in improved audit outcomes. Skilled in financial modeling and communication, contributing to significant advancements in project finance and customer satisfaction.
Overview
15
15
years of professional experience
Work History
Regional Manager
National Housing Bank
10.2023 - Current
- Company Overview: Undertaking of Government of India
- Conducting Credit and Special Inspection of Housing Finance Companies.
- Monitoring of adverse balance and its statutory auditor certification check & confirmation
- Monitoring of Refinance Department sanction letters and its covenants
- Processing of reports, communication with Public Lending Institutions and their closure
- Audit related matters (internal/concurrent etc.)
- Credit inspection of Public Lending Institutions along with Project finance inspections
- Automated Refinance Returns Submission portal issues, Credit Information Companies Reporting and return submission & analysis
- Smoothly handling of Audit including RBI Inspection
- Monitoring and supervision of Management Information System, Regional Office Return and Compliance Reporting
- Supervision of Account and Treasury Operations
- Risk Management including notes on Operational Risk Submission
- Market Research, Consultancy and Policy Department & Corporate Communication Cell (MRCPD&CCC) related matters
- IT including IS Audit, Disaster recovery Site etc
- Handling Complaints (off line) & RTI Matters
- Handling Legal and Recovery Matters
- Liaoning MD secretariat related Board matters
- Good hold on handling Rajbhasha and Knowledge Centre
- Monitoring and implementing HR and Administration policies
- Maintenance and monitoring of Bank Premises/Estate
- Sourcing, appraisal, disbursement and monitoring of Corporate Social Responsibility funding.
- Monitoring sanction of Project Finance Urban Infrastructure Development Fund related activities
- Experience in managing and training large teams upskilling and mentoring juniors.
- Undertaking of Government of India
Manager
IDBI Bank Limited
07.2011 - 09.2023
- Assessed creditworthiness of individual customers for home loans, mortgages, utilizing credit scoring models and financial analysis techniques.
- Conducted customer interviews, evaluated income sources, and analyzed credit histories to determine appropriate credit limits and interest rates.
- Provided personalized financial solutions and recommendations to customers, ensuring their credit needs were met while maintaining acceptable risk levels.
- Collaborated with branch managers and sales teams to identify cross-selling opportunities and promote banking products and services.
- Handled customer inquiries, resolving issues promptly and maintaining a high level of customer satisfaction.
- Ensuring complete documentation in approved formats
- Responsible to monitor the entire credit process from appraisal to disbursement.
- Presenting the cases to Loan Committee.
- Responsible to take care of Concurrent, Internal audit related matters.
- Responsible to maintain TAT & team building.
- Responsible to Disbursement of Loans, Compliance Due Diligence.
- Responsible to Audit Due Diligence and fulfillment.
- Processing, Sanction of all Home Loans/Loans Against Property and variants of the proposal source by branches, with product norms, conducting visits and processing files in laid down system ALPS (Automated Loan Processing System)
- Responsible to DST and DSA channel in compliance
- Authorization of disbursements on compliance of conditions and documentation, as per DOP.
- Monitoring of all vendors viz., Field Investigation Agency, ITR verification agencies, Legal & Technical Agencies, Risk Containment Unit.
- Verification of legal and technical report
- Ensuring complete documentation in approved formats
- Reviewing complete file with document as per disbursement checklist before disbursement.
- MIS - Timely and accurate preparation of all returns both internal and regulatory and Monthly Control Returns
- Ensure compliance of audit remarks at Retail center. Work towards 'GOOD' and above rating in internal audits/RBI audits
- Day to day Operational Activities, Disbursal activities, PDD monitoring, After disbursement compliance, storage etc.
Retail Banking Group
IDBI Bank Limited
08.2014 - 09.2014
- Responsible for acquiring/sourcing/expanding and developing customer relationship for retail liabilities and assets, plan & lead product/sales campaign, explore & segment market for deposit mobilization & customer acquisition and deepening, monitor key HNI accounts to identify problems & take corrective action in order to control customer attrition.
Trade Finance and Transaction Banking Group
IDBI Bank Limited
07.2011 - 08.2014
- Manage all aspects Bank Guarantees.
- Reconciliation of TFRA (Trade Finance Reconciliation Account) in respect of bank guarantee
- Treasury Functions, issue of International Bank and Local Bank Guarantees
- Daily monitoring of fees income of trade finance.
- Responsible for take care of all funds based & non-fund-based limits of Corporate Clients.
- Duly closure of expired bank guarantees.
- Pro rata wise Fees reversals.
- Achievements: Reconciled TFRA within a year which was pending since last 3 years.
Accountant
Aqua Zing Pvt Ltd
04.2010 - 03.2011
- Company Overview: Chakan, a reputed/leading firm
- Handling Bank Reconciliation Statements of accounts.
- Preparing Schedules for Financial Statements for every quarter audit
- Scrutinizing ledgers of Expenses, assets and bank g/l s.
- Follow up and preparation of advances report.
- Verifying payment vouchers of all central region branches.
- Booking branch expenses in system UNO (company package).
- Branch Co-ordination, solving queries and monitoring smooth working.
- Chakan, a reputed/leading firm
Education
Certified Credit Professional -
NIBM
12.2025
CAIIB -
Indian Institute of Banking & Finance
Mumbai12.2024
JAIIB -
Indian Institute of Banking & Finance
Mumbai12.2019
M.Com (Costing) - Costing
Pune University
Pune12.2012
Cost Accountant Professional -
ICAI
Pune12.2011
B.Com. - Costing
Pune University
Pune12.2007
Skills
- Credit risk assessment and analysis
- Financial modeling
- Business development and planning
- Regulatory compliance
- Data analysis and database management
- Audit preparation
- Effective communication
- Problem solving
Disclaimer
I hereby declare that the above-furnished details are true to the best of my knowledge & belief.
Timeline
Regional Manager
National Housing Bank
10.2023 - Current
Retail Banking Group
IDBI Bank Limited
08.2014 - 09.2014
Manager
IDBI Bank Limited
07.2011 - 09.2023
Trade Finance and Transaction Banking Group
IDBI Bank Limited
07.2011 - 08.2014
Accountant
Aqua Zing Pvt Ltd
04.2010 - 03.2011
Certified Credit Professional -
NIBM
CAIIB -
Indian Institute of Banking & Finance
JAIIB -
Indian Institute of Banking & Finance
M.Com (Costing) - Costing
Pune University
Cost Accountant Professional -
ICAI
B.Com. - Costing
Pune University