HARDIK GALA, Credit Manager

HARDIK GALA

Credit Manager

IndusInd Bank Ltd

Location
India - Mumbai
Education
Master's degree, CHARTERED ACCOUNTANT
Experience
18 years, 3 Months

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Work Experience

Total years of experience :18 years, 3 Months

Credit Manager at IndusInd Bank Ltd
  • India
  • My current job since December 2014

Credit Appraisal - Loan Against Property, Business Loan, Loan Against Card Receivables and Working Capital Facility


Competency Matrix

Functional skills
•Credit appraisal
•Team Management
•Training to sub-ordinates
•Hind Sighting
•Presentations and MIS to senior management
•Adherence to internal standards and guidelines
•Key member of LOS up-gradation team

Personality Traits
•Analytical skill
•Sense of urgency
•Leadership skills
•Team motivation
•Interpersonal skill
•Problem solving qualities
•Adaptability and flexibility
•Effective negotiator
•Process Management and improvement
AN OVERVIEW

•Experienced Banking Professional with over 8 years of experience in Credit Appraisal and Financial Analysis spanning across Loan Against Property, Loan Against Card Receivables (secured and unsecured), Business Loans (Unsecured) and Working Capital Facility
•Presently employed with IndusInd Bank, as Area

Chief Manager at Kotak Mahindra Bank Ltd
  • India
  • March 2011 to December 2014
Assistant manager at ICICI Bank Ltd
  • India
  • September 2008 to March 2011
Assistant manager at L & T Capital Company Ltd
  • January 2008 to September 2008
Assistant Manager - Audit at BipinKarani& Co
  • February 2006 to December 2007

CORE COMPETENCIES

Credit Appraisal
•Conducting credit investigations and analysing credit information of Mid and Small clients for secured or unsecured funding
•Investigating all available sources of credit and financial information, analysing financial statements and related materials.
•Prepared detailed credit appraisal reports, based on financial ratios, cash flow analysis, business model, asset base, liabilities / obligations, loan requirement, strengths and concerns, SWOT analysis and detailed financial statement analysis including various financial ratios.

Book size, maximum funding and industries catered
•Appraised cases of companies with a turnover of above Rs.5000 crores
•Maximum secured funding done upto Rs.17 crores and unsecured of Rs 100 lacs
•Major industries handled such as Hospitality service, Real Estate, Engineering Goods, SMEs, Trader, Textiles, IT & Software, Logistic, Gems & Jewellery, Commercial Printing and more.

Team Management
•Managing the gamut of tasks including manpower planning and coordinating with the fellow Credit managers in the team, CPA and Sales Teams
•Regular training fellow credit managers in the team, CPAs, Sales team, DSAs and Operation team for understanding of policies, product and system to ensure good quality of outcome and eliminate process gaps.
•Leading and motivating the team to achieve pre set targets
•Key role in recruiting Credit managers and CPAs

Co-ordination and relationship management
•Liaise with the customer during credit assessment cycle and maintain effective customer relation.
•Maintain smooth coordination with Sales team and CPAs and assisting them for smoothening credit process flow.

Disbursement of loans
•Also responsible for disbursement of loans since sales team cannot interact with operations team.
•Co-ordination with operations and sales team thereby smoothening disbursement process.

Investor Relations
•Working on financial models to prepare internal reports of competitor banks and NBFCs
•Analysing ICICI Bank’s stock performance and tracking its shareholders
•Assisting Investor Relation Officer with respect to queries from top management, analysts or investors
•Handling investor queries through mails or calls and ensure quick & efficient solution
•Preparing Board and Investor presentation
•Continuously evaluate possible developments in investor relations services
•Analysing projections by analysts

Audit and Taxation
•Income tax: - Preparation of statement of affairs and computation of income and tax of individuals, HUF, partnership firms and private companies
•Audit: - Tax and statutory audit
•Financial accounting: - Accounting up to finalization of sole trading concerns, partnership firms and private companies
•Sales Tax: - Preparation of sales tax returns; registration and assessment
•TDS: - Preparation and e-filing of TDS returns
•ROC: - Preparation ROC forms

Chief Manager at IndusInd Bank
  • India
  • April 2014 to

Key role in hind sighting (audit) of loans disbursed by other regions and up-gradation of Loan Origination System (LOS).
•Zero delinquency portfolio of all underwritten loans in unsecured and secured portfolio.
•Consistently received a rating of 3 out of 4 in latest 2 years

Education

Master's degree, CHARTERED ACCOUNTANT
  • at Institute of Chartered Accountants of Indi
  • November 2007

• Experienced Banking Professional with over 8 years of experience in Credit Appraisal and Financial Analysis spanning across Loan Against Property, Loan Against Card Receivables (secured and unsecured), Business Loans (Unsecured) and Working Capital Facility • Presently employed with IndusInd Bank, as Area Credit Manager for Mumbai – Secured and Unsecured Funding under LACR scheme: Business Banking Group • Underwriting of Mortgages and Unsecured proposals from Mumbai. • Following up with legal, technical and disbursement teams at various stages of credit processing. • Portfolio Management: through superior underwriting and working closely with collections. • Raising Management Standards & Control: Monitoring of TAT to ensure quality service to customers. Adhere process control and compliance. • Skilled in managing teams to work in sync with the corporate set parameters and motivating them for achieving individual & group goals • A proactive planner with expertise in maintaining relationship withkey decision makers, provide them detailed information with respect to proposals sent for approval and portfolio performance.

Master's degree, CHARTERED ACCOUNTANT
  • at University of Mumbai
  • November 2007

• Experienced Banking Professional with over 8 years of experience in Credit Appraisal and Financial Analysis spanning across Loan Against Property, Loan Against Card Receivables (secured and unsecured), Business Loans (Unsecured) and Working Capital Facility • Presently employed with IndusInd Bank, as Area Credit Manager for Mumbai – Secured and Unsecured Funding under LACR scheme: Business Banking Group • Underwriting of Mortgages and Unsecured proposals from Mumbai. • Following up with legal, technical and disbursement teams at various stages of credit processing. • Portfolio Management: through superior underwriting and working closely with collections. • Raising Management Standards & Control: Monitoring of TAT to ensure quality service to customers. Adhere process control and compliance. • Skilled in managing teams to work in sync with the corporate set parameters and motivating them for achieving individual & group goals • A proactive planner with expertise in maintaining relationship withkey decision makers, provide them detailed information with respect to proposals sent for approval and portfolio performance.

Specialties & Skills

SME management
Analysis
Credit Analysis
ACCOUNTANCY
CASH FLOW
CUSTOMER RELATIONS
FILE MANAGEMENT
FINANCIAL
FINANCIAL ACCOUNTING
FINANCIAL STATEMENT ANALYSIS

Languages

English
Expert
Hindi
Expert

Memberships

INSTITUTE OF CHARTERED ACCOUNT OF INDIA
  • CHARTERED ACCOUNTANT
  • January 2008

Hobbies

  • PLAYING CRICKET AND LISTENING MUSIC
    PLAYING CRICKET AND LISTENING MUSIC