SAP
Vishal Patil
Mumbai
Summary
Enthusiastic Credit Analyst offering many years of experience in determining risk through effective financial document analysis, Credit monitoring, Mitigating risk, Counter party Risk etc. Sharp and highly trained with a desire to work for a leasing organization.
Overview
8
8
years of professional experience
1
1
Certification
Work History
Sr. Credit Risk Analyst
Cargill Business Services
Bangalore
05.2024 - Current
- Credit Assessment: Evaluate the creditworthiness of individual and corporate clients by analyzing credit reports, financial statements, payment histories, and other relevant information to determine appropriate credit limits and terms
- Credit Monitoring: Monitor accounts receivable aging reports regularly to identify delinquent accounts, review credit limits, and take appropriate actions to minimize bad debt exposure
- Collections Management: Coordinate with the collections team to follow up on overdue accounts, initiate collection efforts, and negotiate payment arrangements with customers while maintaining positive relationships
- Dispute Resolution: Investigate and resolve billing discrepancies, disputes, and other issues related to guest invoices in a timely and professional manner, collaborating with internal departments and external parties as needed
- Cash Flow Optimization: Implement strategies to accelerate cash collections, reduce days sales outstanding (DSO), and improve cash flow forecasting accuracy, contributing to the hotel's financial performance objectives
- Customer Relations Build and maintain strong relationships with guests, corporate clients, and internal stakeholders to facilitate prompt payment processing, resolve billing inquiries, and enhance overall customer satisfaction
- Credit Risk Mitigation: Identify and assess credit risks associated with new and existing customers, implement risk mitigation measures, and recommend appropriate credit insurance or guarantee solutions when necessary
- Reporting and Analysis Prepare regular reports and analysis on credit and collections performance, including aging analysis, bad debt provisions, and collection effectiveness metrics, for management review and decision-making
- Sanction Checks: Conducted sanction checks and screenings to ensure compliance with regulatory requirements. Reviewed and analyzed customer and transaction data for potential sanctions violations
- Counterparty risk: Conducted counterparty risk assessments for various financial products and counterparties. Analyzed financial statements, credit reports, and other relevant data to evaluate creditworthiness.
- Collateral: Analyzed borrower's financials, creditworthiness, and collateral position for loan approval decisions.
- Mitigation: Coordinated with stakeholders to ensure successful implementation of mitigation plans.
Lead Credit Risk Analyst
Clariant Chemical Ltd
Mumbai
05.2021 - 04.2024
- Analyzed and monitored credit risk of portfolios totaling $2 million in assets
- Developed and implemented risk-based pricing strategies for new and existing borrowers
- Developed and monitored credit risk management policies and procedures
- Conducted portfolio reviews and credit score analysis to identify trends in credit risk
- Conducted regular meetings with internal stakeholders to ensure compliance with credit risk policies
- Developed and implemented strategies to mitigate credit risk
- Responsible for analyzing and managing credit risk in commercial lending portfolios
- Assisted in enhancing existing credit risk management processes and developing new policies and procedures
- Monitored and evaluated current and potential clients' credit worthiness
- Prepared monthly reports on credit risk metrics and trends
- Understand and apply credit management process, policies, procedures, guidelines and standards internal control
- Thorough Financial and Fundamental analysis of the customers who apply for credit, undergoing checks for certain required ratio.
- Analyze EWS related to portfolio and individual customer through internal matrix and external softwares.
Credit Risk Analyst
WNS Global Services Ltd
02.2019 - 04.2021
- Managed the credit risk associated with loan applications by evaluating customer credit reports, financial statements, and credit score
- Conducted detailed analysis of customer credit profiles and payment histories to ensure accurate credit decisions
- Monitored and tracked credit risk trends and identified areas of potential risk
- Collaborated with other departments to ensure proper risk management processes are in place and functioning properly
- Prepared timely and accurate reports and presentations on credit risk analysis and trends to senior management and board of directors.
Credit Analyst and controller
Lloyds Register Asia
05.2018 - 02.2019
- Developed and implemented credit policies, procedures and risk assessment strategies
- Monitored and reported on credit risk exposures
- Negotiated credit terms with customers and managed their accounts
- Assisted in the preparation of financial statements and reports
- Coordinated with other departments in the organization to ensure proper credit risk management.
Customer Relationship Officer( Banking )
Epicenter
Mumbai
08.2016 - 07.2017
- Utilized CRM tools effectively in order to manage relationships with customers.
- Reviewed customer applications for credit card approval.
- Resolved disputes over billing errors or unauthorized charges.
- Managed a large portfolio of existing customer accounts while ensuring compliance with banking regulations.
- Prepared detailed reports on the performance of individual credit card programs.
Education
Financial Risk Manager -
Global Association of Risk Professionals, USA
07.2024
Post-Graduation Program Banking and Finance -
Bombay Stock Exchange Institute Limited, Mumbai
08.2018
Bachelors in commerce -
Mittal College of Economics and Commerce, Malad
05.2015
Skills
- Financial analysis
- Comparative analysis
- Advance Excel and Macros
- Credit report preparation and reading
- Excellent written and oral communication skills
- Develops positive workplace relationships
- Financial statement review
- Oral and written communications
- Underwriting
- Relationship Management
- Credit analysis
- Risk Assessment
- Risk mitigation strategies
- Credit decision making
- SAP software use
- SpreadAutomator
- SaveRisk Platform
Certification
- Certification for Financial Crime course
- Anti Money Laundering (AML), Counter Terrorism Financing (CTF), Customer Identification, Sanctions, Politically Exposed Persons and Fraud (including External and Employee fraud).
- KYC analysis, Customer due diligence
- Fraud Risk Management.
Languages
- English
- Marathi
- Hindi
Software
JDE
Symix
S4 HANA
Accomplishments
- Achieved 2% from 15% of overdue through effectively helping with continuous collaboration with Sales team and other stake holders.
- Awarded for highest number of quarterly credit assessment for Mid and Large corporate.
Timeline
Sr. Credit Risk Analyst
Cargill Business Services
05.2024 - Current
Lead Credit Risk Analyst
Clariant Chemical Ltd
05.2021 - 04.2024
Credit Risk Analyst
WNS Global Services Ltd
02.2019 - 04.2021
Credit Analyst and controller
Lloyds Register Asia
05.2018 - 02.2019
Customer Relationship Officer( Banking )
Epicenter
08.2016 - 07.2017
Financial Risk Manager -
Global Association of Risk Professionals, USA
Post-Graduation Program Banking and Finance -
Bombay Stock Exchange Institute Limited, Mumbai
Bachelors in commerce -
Mittal College of Economics and Commerce, Malad
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