Shafat Ahmed, Accounting Analyst

Shafat Ahmed

Accounting Analyst

OCWEN FINANCIAL SOLUTIONS PRIVATE LIMITED

Location
India - Bengaluru
Education
Master's degree, Finance, Marketing
Experience
12 years, 8 months

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Work Experience

Total years of experience :12 years, 8 months

Accounting Analyst at OCWEN FINANCIAL SOLUTIONS PRIVATE LIMITED
  • India - Bengaluru
  • My current job since July 2011

Reconciliation of cash flow for monthly transactions between investors and bank.
Analysis and preparation of the monthly statements such as Principal and Interest statements for investors.
Tax and escrow statement analysis.
Preparation of reconciling reports reviewed by external auditors.
Responsible for preparing and maintaining Reconciliation Data Base.
Look after the balancing of various accounts such as Bank Custodial account, Ocwen main funding account, escrow account etc.
Use various Ocwen proprietary softwares such as Dynamix, Real-E and other macro tools for the analysis of loans portfolios.
Communicate with other departments like cashiering department, Loan setup department, Finance department to resolve queries.
Preparation of the audit reports for external Auditing companies.
Settlement of interest rates and service fee for the newly boarded investors and loans which are being purchased by Trust and Ocwen and preparing database for the same.

Education

Master's degree, Finance, Marketing
  • at Bangalore University
  • August 2011

M.B.A (Master's In Business Administration)

Bachelor's degree, Accounting & Marketing
  • at Bangalore University
  • August 2009

B.B.M (Bachelor's In Business Management)

High school or equivalent, Maths, English, Accounting
  • at Central Board of school Education
  • July 2006

10+2 (C.B.S.E)

Specialties & Skills

Auditing
Process Auditing
Quality Auditing
Safety Auditing
Performance Auditing
ACCOUNTING
AUDITING
BALANCE SHEET
BUSINESS PLANS
• MS- Office: MS Excel, Word, PowerPoint, Outlook, Lotus Notes • Operating System: Windows XP, 7, Tally.ERP Traded Credit Position: Business Reporting • Preparing various daily business reports and distributing it to various business stakeholders. • Audit Analyst work by sampling across various work products. • Reporting daily productivity MIS tracker to senior management. • Preparing a weekly MIS on the unassigned excess exposure existing for all the counterparties for with various business regional relationship managers and credit officers. People Management • Subordinate manpower development mechanism and employee engagement programs. • Supervise team training plans and schedules. • Ensure knowledge transfer to new resources till they come up the learning curve. Relationship Management • Ensure the standards of customer service provided by the function consistently meet or exceed the requirements set under the Service Level Agreements agreed with the client. • Develop strong relation with key operational contacts. • Develop positive relationship with the client to generate new business. Key Responsibility • Maintain Daily trackers like Service Legal Agreement, training, KPI calls & productivity and utilization trackers. • Attend weekly calls, on process updates, escalations, strategy building, and conduct sub team meetings for the team. • Manages a team, escalations, complete process migration. • Coordinate with management at the time of project audits and client visits. • Identify areas for improvement across teams, locations and plan for reduction in manual errors • Escalation handling on high priority. • Performing in-depth research of all the prospective clients of the Bank and making recommendations to Credit Officers to offer them loan on financials products

Languages

Hindi
Intermediate
Urdu
Beginner
English
Intermediate

Memberships

Ocwen Financials
  • Blood Bank
  • July 2011

Training and Certifications

3 Months Course in Tally .ERP & MS Office (Certificate)
Date Attended:
July 2009
Valid Until:
September 2009