Umesh Sitaram Sutar
Navi Mumbai
Summary
Dynamic credit professional with extensive experience at Bandhan Bank Limited, excelling in credit underwriting and risk assessment. Proven track record in team leadership and regulatory compliance, driving portfolio performance and minimizing delinquencies. Adept at fraud identification and training development, fostering a culture of excellence and accountability within teams.
Overview
14
14
years of professional experience
Work History
AREA CREDIT MANAGER, CREDIT & RISK
BANDHAN BANK LIMITED
01.2024 - Current
- Responsible for Underwriting & Making proposals of Business loans applications as per policy and deviation matrix for Maharashtra region
- Understanding of CIBIL and other checks required to validate customer's credibility
- Authorize deviations raised by credit managers in compliance with credit policy, overall case merits and profile of the applicant
- Drive a team of credit mangers located at various branches and hubs in the Region and ensuring efficient handling of loan processing in the region with agreed TAT and quality, by providing feedback on an ongoing basis
- Monitor compliance to the credit policy and processes to ensure that the right quality of business being sourced, and the delinquencies are kept under the identified targets
- Monitor the portfolio, analysis of delinquent cases, profiling of customers, data cuts and highlight any early warning signals
- Attend and close the various (Internal & External) audit carried out for ensuring error free remarks / observations
- Liaison with other industry players including financiers, legal vendors, technical vendors etc
- To understand the market behavior
- Coordinate with teams including cross functional teams at Branches and vendor management
- Regular interaction with the teams on latest changes in KYC/other regulatory requirements, process adherence, policy compliances etc
- Monitor the productivity of the credit managers and take corrective action to facilitate smooth functioning of business
- Deep understanding and focus on risk, controls, compliance and regulatory framework and ability to apply knowledge on credit policy in assessing inherent risks, if any
- To be up to date on industries we lend and business environment in general, take appropriate credit decision
- Hiring new team member as per the man power capacity required for the location
- Mentor and guide new team members who join the unit and help them come up the curve faster
SR. MANAGER, CREDIT MANAGER - Unsecured Loan
YES BANK LIMITED
Navi Mumbai
09.2021 - 01.2024
- Company Overview: NAVI MUMBAI
- Responsible for doing underwriting on Unsecured products like Business loan, Professional loan for Mumbai location
- Salaried Personal loan and Easy draft facility of Pan India level
- Approving authority of 25 lacs for Business loan and professional loan & 10 lacs for salaried personal loan, which I have got within 3 months of the joining
- Conducting regular monthly training of Policy and process for credit manager and Vendor
- Initiative - Introduce and implement new software to vendor and inhouse CPA
- Taking care of Green band case and L99 (direct reject) cases
- Deep understanding and focus on risk, controls, compliance and regulatory framework and ability to apply knowledge on credit policy in assessing inherent risks, if any
- Knowledge of local markets and trends in retail lending
- Deep experience & understanding of retail financial services across NBFCs, banking
- Ability to liaison & follow-up with external and internal stakeholders
- Responsible for sanction decisioning as per the Credit Appraisal process and deviation matrix
- Processing of Credit limit enhancement cases from various partners as per the defined agreed TAT
- Hiring new outsource CPA as per the manpower capacity required for the department
- Mentor and guide new team members/CPA who join the unit and help them come up the curve faster
- Initiative to test and implement new projects and system in the department
- Visit to Mapped DSA partner monthly and as and when require for providing training towards policy also educate about credit requirements
- Visit to FI - CPV agency monthly and as and when require understanding if any challenges faced by agency and to provide solution for same
- Visit to pre credit/Data entry vendor monthly and as and when required for providing training towards policy or any other changes, issue etc
- On behalf of Credit
- NAVI MUMBAI
- Appreciation Emails received from Reginal Credit Manager, National Credit Manager for identifying fraud customers
- Received certificate of appreciation towards provided new software training to DSA partner, CPV agency & Pre-Credit/ Data Entry vendor
DEPUTY MANAGER, CREDIT MANAGER
AXIS FINANCE LIMITED
Mumbai
01.2020 - 08.2021
- Company Overview: MUMBAI
- Responsible for decisioning Personal Loan cases on the bases of credit bureau and provided documents (TAT 24 hours)
- Responsible for decisioning Consumer Durable cases on the bases of credit bureau and provided documents (TAT less than 3 mins)
- Build and maintain positive and productive working relationships with another department
- Identifying cross sell possibilities while interacting with clients
- Responsible for enhancing Customer Due Diligence for every credit decision
- Taking Policy related decision to maintain the creditworthiness of every Sanctioned loan
- Making corporate/DSA visits for spot approval cases
- Making personal visits for residence and Office verification for High value and suspicious cases with SM/ASM as and when require
- Preparing Daily allocation processed case summary on behalf of team, region wise and reports to Manager and Sales team at the EOD
- MUMBAI
- Appreciation Emails received from Senior Manager, National Credit Manager and CBO, ASM for identifying fraud customers
- Appreciation Emails received from Senior Manager, RSM, NCM for productivity
SENIOR EXECUTIVE - CREDIT UNDERWRITER
BHANIX FINANCE & INVESTMENT LIMITED (CASHe)
Mumbai
02.2018 - 01.2020
- Company Overview: MUMBAI
- Verification of pre-sanctioned credit related KYC Documentation on Digital Platform
- Analyzed customer's Cibil report, KYC documents and Company profile to meet establishment standard to prevent frauds
- Responsible for Enhanced due diligence and Ensuring TAT of disbursement with best quality of Documentation (pre-sanction/post-sanction)
- Build and maintain positive and productive working relationships internally and externally
- Maintaining database of loan application process
- Performed appropriate and confidential handling of sensitive information
- Confirmed timely resolution of work assignments by organizing and prioritizing appropriately
- Preparing Daily Lot disbursement summary and reports at the EOD
- MUMBAI
- Received star of the month awards multiple times for outstanding performance
CUSTOMER SERVICE OFFICER - BRANCH BANKING
ICICI BANK LIMITED
Mumbai
10.2015 - 12.2017
- Company Overview: MUMBAI
- Foster an environment in which customer enjoys high level of service
- Manage front end operation to ensure friendly and efficient transaction
- Handling customer escalation and all customer relation issue
- Handling as well as monitoring Cash Operation
- Quickly researching and investigating issues that concern a customer
- Make daily sales calls to potential customers for cross selling opportunities
- Monitor Book Growth on Daily/ Weekly Basis for Inflow and Outflows
- Dealing in Forex services
- Processing all types of vendor payments & bills settlement at branch level
- MUMBAI
- Win certificate for cross selling third party product like LI, GI, PL etc
- To the customers and contribute to branch business
EXECUTIVE - FINANCE
RENUS LOGISTICS INDIA PVT. LTD.
Mumbai
08.2011 - 04.2015
- Company Overview: MUMBAI
- Handing Accounts payable, Banking and finance
- Preparing daily bank balance summary (up to date data with current bank balance position of all bank accounts
- Co-ordinate with bankers for clearing, TOD, Daily routine work and other
- Getting fund request from branches and funding them as per requirement
- Preparing daily routine transfer cheques, NEFT, RTGS, Demand draft etc
- Cash and vendor management, Booking service tax and TDS on invoices
- Maintaining vendor's payment and co-ordinate with them
- Maintaining manager level staff reimbursement records
- Booking all HR, Admin & IT related invoices and make payment them
- Inter branch reconciliation, Preparing Bill discounting letter
- Maintaining day to day bank reconciliation of all bank accounts
- Passing day to day accounting voucher entries
- Prepare weekly payable report summary
- Ledger scrutiny, Preparing bank letters, Online Net banking, tax payment, custom duty payment
- MUMBAI
Education
POST GRADUATE DIPLOMA - BANKING OPERATIONS
INSTITUDE OF FINANCE BANKING AND INSURANCE (IFBI)
Bandra01.2015
BACHELOR OF COMMERCE -
UNIVERSITY OF MUMBAI
Gamdevi - Mumbai01.2010
HIGHER SECONDARY CERTIFICATE -
MAHARASHTRA BOARD OF SECONDARY AND HIGHER SECONDARY EDUCATION
Mumbai01.2007
SECONDARY SCHOOL CERTIFICATE -
MAHARASHTRA BOARD OF SECONDARY AND HIGHER SECONDARY EDUCATION
Mumbai01.2005
Skills
- Proficient Computer Literacy
- Alert
- Calm
- Cooperative
- Hardworking
- Responsible
- Versatile
- Credit underwriting
- Risk assessment
- Portfolio management
- Regulatory compliance
- Credit policy adherence
- Team leadership
- Data analysis
- Vendor management
- Audit management
- Customer due diligence
- Training development
- Fraud identification
- Underwriting expertise
Languages
- English
- Hindi
- Marathi
Disclaimer
I do hereby declare that the above information given by me is true to the best of my knowledge and belief.
Motto
Coming together is beginning, Working together is Success
Personal Information
- Hobbies: Watching Movies in theatre, Travelling and Listening Music, Driving, Cricket, Carrom and Chess.
- Father's Name: Mr. Sitaram Nivrutti Sutar
- Mother's Name: Mrs. Surekha Sitaram Sutar
- Date of Birth: 06/19/90
- Nationality: Indian
- Marital Status: Married
- Religion: Hindu
Timeline
AREA CREDIT MANAGER, CREDIT & RISK
BANDHAN BANK LIMITED
01.2024 - Current
SR. MANAGER, CREDIT MANAGER - Unsecured Loan
YES BANK LIMITED
09.2021 - 01.2024
DEPUTY MANAGER, CREDIT MANAGER
AXIS FINANCE LIMITED
01.2020 - 08.2021
SENIOR EXECUTIVE - CREDIT UNDERWRITER
BHANIX FINANCE & INVESTMENT LIMITED (CASHe)
02.2018 - 01.2020
CUSTOMER SERVICE OFFICER - BRANCH BANKING
ICICI BANK LIMITED
10.2015 - 12.2017
EXECUTIVE - FINANCE
RENUS LOGISTICS INDIA PVT. LTD.
08.2011 - 04.2015
POST GRADUATE DIPLOMA - BANKING OPERATIONS
INSTITUDE OF FINANCE BANKING AND INSURANCE (IFBI)
BACHELOR OF COMMERCE -
UNIVERSITY OF MUMBAI
HIGHER SECONDARY CERTIFICATE -
MAHARASHTRA BOARD OF SECONDARY AND HIGHER SECONDARY EDUCATION
SECONDARY SCHOOL CERTIFICATE -
MAHARASHTRA BOARD OF SECONDARY AND HIGHER SECONDARY EDUCATION
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