Sweety Jain
Head Credit- Retail Secured Loans and Institutional Funding
Malad (W), MUMBAI
Summary
A Chartered Accountant having 20 years+ of underwriting experience in all secured loan Products- Home loan, Loan against Property, Machinery Funding, School Funding, construction Finance, Financial Institutional Funding, other secured loans funding. Currently working as a Head Credit for Profectus Capital Pvt ltd for all Retail and FI Funding.
Overview
20
20
years of professional experience
Work History
Head Credit -Secured Loans & Institutional Funding
Profectus Capital Private Ltd
02.2018 - Current
- Heading a team of Mortgage loan, Machinery finance , School funding and Financial Institutional Funding.
- Handling Team of 100+ Credit team members with 27 branches.
- Driving cluster based and cash flow focussed approach while underwriting loans.
- Designed Score cards of different Swim lanes to aid credit manager in accurate decisioning and quick decisioning.
- Formulated robust underwriting mechanism to ensure quick and minimal error underwriting.
- Developed Underwriting tools for accessing Ability based on Triangulation between Financial , GST and Banking.
- Developed Underwriting tools for accessing intent based on triangulation between BUREAU, Banking and public domain checks.
- Driving various LPOs to help vreating new swim lanes to drive business and create USPs in market. Those tested LPOs later gets converts into full fledged product/ policy.
- Robust RTRM and Hindsighting checks to ensure control over underwriting quality.
- Developed culture of monitoring the end use, customer level monitoring as well as collateral level monitoring.
- Control on Infant bounce Percentage.
- Efficient early warning signal and timely check on the efficacy of the system
- Team training and team retention. Average seasoning of the team is 4 year plus with lowest attrition.
AVP- Central Underwriting Team Head (Corporate Underwriting function- RHF)
Reliance Capital Ltd (Reliance Commercial Finance Pvt Ltd & Reliance Home Finance Pvt Ltd)
02.2008 - 01.2018
- Managing Corporate underwriting team for Underwriting High Value mortgage deals PAN India over INR 500 Lacs and presentation of the deals to leadership committee. Also meeting customers’ Pan India to understand their business and requirements before decisioning the case.
- Monitoring Portfolio Quality of overall book.
- Also handling other Risk Functions which includes CERSAI, CKYC implementation, PDD management, Exceptional reports, Other critical Data Analysis, Internal, Statutory, Regulatory Audits- RBI and NHB, etc
- Currently Managing Central underwriting team for mortgages. In past also handled Construction Finance underwriting.
Branch credit manager for Mortgages
Reliance Capital Ltd (Reliance Commercial Finance Pvt Ltd & Reliance Home Finance Pvt Ltd)
02.2008 - 10.2010
- Underwriting the business portfolio of Mortgages Product which includes analyzing credit worthiness of customer for the loan, Conducting Personal Discussion.
- Continuous follow up with collection to check delinquency status
- Effective implementation of BPMS (business process management system)
Credit Manager for Home Equity (LAP) Product
GE Money Housing Finance Ltd.
12.2006 - 01.2008
- Worked as a Credit Manager for Home Equity (LAP) Product for Jaipur and Jodhpur Locations. Handled all credit functions for both Jaipur and Jodhpur Location.
Om. P. Maheshwari & Associates
11.2005 - 11.2006
- Was leading team for various bank Audits- internal and Statutory along with Audits of Various export houses. Also managing HDFC outsourced file processing centre of LAP.
Education
Chartered Accountant -
ICAI
05.2005
B.Com Hons - Acctg
J.N.V.U
05.2004
Skills
Loan Against Property
Machinery Funding
School Funding
Financial Institutional Funding
Construction Finance
Home Loans
Affordable loans
Other secured loans
Interests
Travelling and Listening Music
Articleship Training
- Period: (12 th August 2002 to 31 st Oct. 2005)
- Sirehmal Jain & Co (CA Firm, Jodhpur)
- Designation – Audit Assistant / Analyst
- During article ship was involved in various assignments relating to accounts audit, including Statutory Audits, Tax Audits & also Taxation work.
Timeline
Head Credit -Secured Loans & Institutional Funding
Profectus Capital Private Ltd
02.2018 - Current
AVP- Central Underwriting Team Head (Corporate Underwriting function- RHF)
Reliance Capital Ltd (Reliance Commercial Finance Pvt Ltd & Reliance Home Finance Pvt Ltd)
02.2008 - 01.2018
Branch credit manager for Mortgages
Reliance Capital Ltd (Reliance Commercial Finance Pvt Ltd & Reliance Home Finance Pvt Ltd)
02.2008 - 10.2010
Credit Manager for Home Equity (LAP) Product
GE Money Housing Finance Ltd.
12.2006 - 01.2008
Om. P. Maheshwari & Associates
11.2005 - 11.2006
B.Com Hons - Acctg
J.N.V.U
Chartered Accountant -
ICAI