Assistant Manager
Diamondlease LLC
Total years of experience :39 years, 2 Months
Credit and Receivables
Key Result Areas:
•Heading Credit and Receivables Department and reporting directly to the Finance Manager and the Managing Director
•Supervising & controlling the Accounts Team consisting of 22 staff
•Responsible and Accountable for the key functions of the Credit Management and the process of control and collection of payments.
•Ensured the compliance of credit policies with a view to improve Revenues and reduce Financial Risks.
•Ensured Company's external exposure is in line with the approved Credit Policy and adapt adequate measures to mitigate the risk associated with customer approval, customer mix, industry mix, recommending need-based Credit Limit, stipulating conditions/terms of the Credit sanction etc.
•Controlled bad debt exposure through the direct management of Credit Terms, Monitoring and Strong Follow up measures.
•Monitoring the Accounts Receivable portfolio for trends and warning signs.
•Attending and presenting monthly reports at the Director Board Meetings of the Company
•Setting and ensuring compliance with the Company's Credit Policy, pro-active in support to Sales and Business Growth of the Company
•Setting Targets, reviewing the achievements and advising change of strategies.
•Review the performance of Field Officials and enforcing financial discipline
•Initiate Legal Process against defaulters, processing and assisting in filing Police Case/Civil and Criminal Cases and monitoring the progress of the cases regularly.
•Aggressive and vigorous in follow ups for overdue payments from clients and spot decision for taking back the assets due to non-satisfactory payment.
•Credit scrutiny, processing, recommendations to the Management and conveying sanction to the Field Offices
Key Result Areas:
•Strategic planning, organizing, coordinating and implementation of Products and Policies in line with banking business growth.
•Monitoring and ensuring the business is profitable and Increasing the Productivity.
•Good liaison with the existing customers for retaining their business as well as through them market the banking products and attract more and more customers to increase the clientele base for maximum growth within the commercial banking.
•Managing the accounting and implementation of financial systems.
•Recognition and management of Credit Risk at both transaction and portfolio level.
•Follow the Credit Policy, Credit Circulars, BASEL II Norms, Income Recognition and Asset Classification as per International Standards.
•To drive and manage the entire risk control process.
•Design appropriate information reports to assess risk profile of assets, produce and analyze MIS and set up appropriate Credit Control tasks including Fraud control.
•Providing Leadership to the team, instilling confidence to them for ensuring better performance and output
•Study the market trends and global economic changes, introspect for changes to position the Bank at a vantage point for capitalizing new vistas in Banking.
•Direct communication with the Team frequently, guide and motivate them to adapt to changes to achieve as
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