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About Ruchita Iyer

  • Academic Level Degree Bachelor
  • Age 23 - 27 Years
  • Gender Female
  • Industry Banking
  • Nationality Indian

About me

Hardworking Credit Officer well-versed in reviewing financial documents, preparing loan packages and making recommendations based on risk values. Detail-oriented and thorough with excellent judgment and good verbal and written communication strengths. Scaling new heights of success and leaving a mark of excellence in assignments which involves analytical capabilities and professional growth in Credit Control / Underwriting .

Education

  • 2015 - 2017
    Welingkar Institute of Management Studies

    PGDM in Finance

  • 2011 - 2014
    SIES(Nerul) College of Arts, Science and Commerce

    B.com (FM)

Experience

  • 2021 - Present
    IDFC First Bank Ltd.

    Credit Manager

    Work cross-functionally with sales, management and other departments to maintain effective operations. Attended ongoing professional training to facilitate accurate and productive credit management. Maintained full knowledge of current regulatory environment and made proactive adjustments to meet changing requirements. Recognised across organisation for diligence, accuracy and contributions toward maintaining positive cash position through problem resolution. Reviewed and analyzed loan procedures. Utilised deep understanding of industry best practices and legal requirements to prevent critical incidents. Analysed applicants\' financial status and credit and property evaluations to determine loan feasibility. Referred delinquent accounts to collections department or outside resources. Monitored accounts for signs of fraud and non-payment issues. Streamlined processes for early identification of potential credit system and monitoring problems. Investigated and evaluated customers for creditworthiness and potential risk factors. Collected data and performed trend and variance analysis to mitigate risk arising from bad debt. Used Salesforce to perform credit appraisals, document verification and loan approvals. Obtained and reviewed credit reports, credit references, credit insurance and financial statements to establish credit limits for new accounts. Offered friendly and efficient service to all customers, handled challenging situations with ease. Participated in continuous improvement by generating suggestions, engaging in problem- solving activities to support teamwork. Prepared variety of different written communications, reports and documents to ensure smooth operations. Loan Sanctioning Authority given for PAN India. Financial Partner Authority for dealership given for Southern India. Collaborated with team members to discuss fraud trends and brainstorm methods to combat this type of crime. Investigated and Reported cases of Fraudulent activities to Fraud Risk Management team. Closely worked with Fraud Risk Management team. Provided training to Sales Team and consulted with struggling teams to help meet monthly target goals . Optimised credit approval and collection processes, improving operational efficiencies by over 50-60% . Oversaw all reporting, documentation and recordkeeping requirements for department.

  • 2019 - 2021
    Saakav Finserv Pvt. Ltd.

    Credit Officer

    Designed process flow for Credit Underwriting and Operations. Obtained and interpreted financial statements to assist in credit limit reviews. Organized and finalized loan applications for underwriter review. Reviewed and verified income, credit reports and employment histories for each borrower. Analysed applicants\' financial status and credit and property evaluations to determine loan feasibility. Reported key performance indicators to department heads for management of positive cash flow and to adjust credit risk policies and procedures. Collaborated with management to evaluate credit strategies and develop improvements. Monitored accounts for signs of fraud and non-payment issues. Investigated and evaluated 6-7 customers files per day for checking their creditworthiness and potential risk factors. Adhered to banking standards and government lending guidelines for loan services. Used Loan originating system to perform credit appraisals, document verification and loan approvals. Investigated and evaluated customers for creditworthiness and potential risk factors. Engaged with customers to effectively build rapport and lasting relationships. Grew sales and boosted profits, applying proactive management strategies and enhancing sales training. Solved customer challenges by offering relevant products and services. Provided positive first impressions to welcome existing, new and potential customers. Identified opportunities for growth within Mumbai territory and collaborated with sales teams to reach sales goal. Solved customer challenges by offering relevant products and services. Provided positive first impressions to welcome existing, new and potential customers. Identified opportunities for growth within Mumbai territory and collaborated with sales teams to reach sales goal.

  • 2018 - 2019
    Jana Small Finance Bank Ltd.

    Senior Executive - Credit Underwriting

    Collaborated with management to evaluate credit strategies and develop improvements. Assisting team in calculating possible risk and deciding how much individuals or organisations should pay for insurance (premium) or decided on whether risk should be shared with re insurer. Assessing unsecured Business Loans. Investigated and evaluated customers for creditworthiness and potential risk factors. Formulating Cibil Report and evaluating risk giving loans on minimal documents. Oversaw all reporting, documentation and record keeping requirements for department. Interacting with 7-8 clients per day by visiting business premises. Ensuring timely disbursements of loans takes place. Reported key performance indicators to department heads for management of positive cash flow and to adjust credit risk policies and procedures. Monitored accounts for signs of fraud and non-payment issues. Referred delinquent accounts to collections department or outside resources. Achieved monthly sales goals by promoting product benefits and enrolling new clients. Generated and followed up on lead lists resulting from specific marketing campaigns. Exceeded sales goals, increased revenue and facilitated sales. Expanded customer base and boosted profit within product line. Trained and developed new sales team associates in products, selling techniques and company procedures. Provided positive first impressions to welcome existing, new and potential customers.

  • 2017 - 2018
    Credit Sudhaar Finance Pvt. Ltd.

    Manager - Credit Operations

    Maintained team efficiency by strategically delegating daily activities, monitoring output and rewarding positive contributions. Trained and guided 5- 6 team members to maintain high productivity and performance metrics. Applied strong leadership talents and problem- solving skills to maintain team efficiency and organise workflows to meet any daily demand. Established and maintained positive work environment to enhance retention and productivity. Trained new employees in specific job requirements. Supervising all personal loans and managing all Cibil Reports. Evaluated Risk as per norms. Steered personal discussion with clients. Ensured timely disbursement of loan takes places.

  • 2014 - 2016
    KPMG (B S R & Co. LLP)

    Business Analyst - Statutory Audit

    Ensured timely preparation, audit and filing of statutory accounts and Audited banks in retail banking, treasury Operations and derivatives. Conducted audit of non banking financial institutions in areas of equities and investments. Formulated financial statements in accordance with IFRS. Performed VAT audits and VAT refund claims. Took part in risk and internal control evaluation and improved customer relationship managements by generating customer data via Factiva software. Conducted assigned statutory audits across various locations and ensured appropriate controls were in place. Increased annual revenue by 30% by recommending improvements wherever required.

Languages

English
Proficient
Hindi
Proficient
Marathi
Proficient
Tamil
Proficient
Gujarati
Proficient
Spanish
Intermediate

Honors & awards

Skills

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