Niraj Kumar, Senior Manager – Supply Chain Finance

Niraj Kumar

Senior Manager – Supply Chain Finance

United Arab Bank

Location
United Arab Emirates - Dubai
Education
Master's degree, MBA - Marketing
Experience
20 years, 2 Months

Share My Profile

Block User


Work Experience

Total years of experience :20 years, 2 Months

Senior Manager – Supply Chain Finance at United Arab Bank
  • United Arab Emirates - Sharjah
  • My current job since March 2020

• Setup Trade and Supply Chain Finance proposition within Transaction Banking
• Offer Supply Chain Finance/Structured Trade Finance solutions to clients and advisory to the coverage teams
• Mobilize stable liquidity from local/international sources
• Acquisition of new business and increase customer wallet share through cross sell
Achievements:
• Improved and streamlined end to end processing through IT automation
• Launch of Trade online platform
• Converted new deals using innovative risk mitigating structured solutions

Director – Client Origination (Middle East) at Prudence Brokers (UK) Ltd., UAE
  • United Arab Emirates - Dubai
  • May 2019 to March 2020

• Responsible for development of Credit, Political and Security risk insurance business
• Structure and arrange solutions for financial institutions, trading companies and major corporations
Achievements:
• Converted and managed key accounts in banking and large corporates

Structured Trade Product, Vice President at Noor Bank
  • United Arab Emirates - Dubai
  • September 2008 to March 2019

• Setup and head the Factoring and Supply Chain Finance unit within Transaction Banking
• Direct P&L responsibility for all products relating to Trade and Factoring
• Manage the team handling middle office for debtor relationships and factoring surveys
• Acquisition of new business and increase customer wallet share through cross sell
Achievements:
• Conceptualized and started Islamic Factoring business for the bank. Implementation of Factoring software and middle office
• Setup Factoring Trade Credit Insurance policy with bespoke Islamic wordings
• Obtained FCI membership in 2018 to become the first Islamic banking member
• Developed Supply Chain Finance product under recourse and non-recourse structure

Product Manager – Trade and Factoring at Emirates NBD
  • United Arab Emirates - Dubai
  • December 2006 to September 2008

• Product responsibility in Trade and Factoring
• Acquisition of new business and deepen wallet of the existing portfolio of bank
Achievements:
• Led the structuring and successful conversion of the most profitable and prestigious factoring relationships for the bank, which involved bespoke legal documentation, special credit insurance pricing and non-recourse structuring
• Efficiently managed relationship of a portfolio with mid and large corporate accounts contributing more than 70% of the total factoring assets and revenue

Regional Head (North India) – Small Enterprises Group at ICICI Bank Ltd.
  • India - Delhi
  • January 2006 to December 2006

• Drive the team to achieve income and volume targets from portfolio and its timely renewal
• Maintain/grow and deepen existing relationship
• Ensure compliance and adherence to audit requirements as per the policies
• Ensure compliance of all post sanction formalities including documentation and renewals
Achievements:
• Successfully introduced process changes to bring down the account disbursement period to half of existing

Relationship Manager – Business Banking at HDFC Bank Ltd.
  • India - Lucknow
  • February 2004 to January 2006

• Business development for Working Capital Facilities in UP and Uttaranchal
• Hiring of vendors/agencies (Credit Processing, Valuation, Legal, Marketing Associates)
• Imparting training to own Sales Team, Associates as well as the Branch Channel (22 branches)
Achievements:
• Successfully launched a new product line in virgin territories. Invigorated the branch network to solicit Business Banking deals
• Created a profitable portfolio of SME accounts with nil NPA

Education

Master's degree, MBA - Marketing
  • at Institute of Management Studies
  • March 1995
Bachelor's degree, BE - Mechanical Engineering
  • at National Institute of Technology
  • March 1992

Specialties & Skills

Team Management
Credit Risk
Relationship Marketing
Factoring
Trade Finance

Languages

English
Expert
Hindi
Expert
Arabic
Beginner

Training and Certifications

Diploma of proficiency in FCI International Factoring (Certificate)
Date Attended:
January 2007
Valid Until:
January 2007