GAURAV MONGA
Summary
Strong leader and problem-solver dedicated to streamlining operations to decrease costs and promote organizational efficiency. Uses independent decision-making skills and sound judgment to positively impact Bank success.
Overview
17
17
years of professional experience
1
1
Certification
Work History
AVP (FINANCE & INVESTMENT)
STATE BANK OF INDIA SINGAPORE
01.2021 - Current
- To prepare Balance Sheet & Profit and Loss Statement of the bank on monthly basis.
- Prepare and monitor Profit and Loss statement of the bank on regular basis for effective decision making by the management.
- Reporting of major variations in Balance sheet & Profit and Loss accounts to higher management with great detail.
- To calculate and analyze efficiency parameters like NIM, ROA, ROE etc.
- Preparation of Financial Statement of the bank on yearly basis for submitting it to regulator after getting it audited by statutory auditors.
- Entrusted with duty of making payment to vendors for the services being availed by the banks.
- To oversee Nostro Reconciliation process of the bank for ensuring reconciliation of unreconciled entries.
- Preparation and Submission of regulatory returns/surveys like MAS 649, Survey of Services, Investment Abroad Survey, Income Expenditure etc.
- Worked as Testing manager in MEPS+ testing.
- Working as back office Investment for settlement of Corporate/ sovereign bonds in securities market.
- To work as single point of contact for auditors during banks audit(Statutory & Internal).
- Prepare ECI(Estimated Chargeable Income) of the bank for submitting the same to IRAS.
- Liaising with Tax consultant for submission of Yearly Income Tax returns to tax authorities.
- Prepare and segregate month wise budget and allocating it to respective Business units for achieving it.
MANAGER CREDIT & NPA
STATE BANK OF INDIA
07.2018 - 01.2021
- Work cross-functionally with sales, management and other departments to maintain effective operations.
- Oversaw reporting, documentation and recordkeeping requirements for department.
- Devised collection recovery strategies to resolve customer issues and delinquent cases.
- Reduced past due balances and bad debt by coordinating collection efforts with customer service, sales and billing departments.
- Monitored accounts for signs of fraud and non-payment issues.
- Collected data and performed trend and variance analysis to mitigate risk arising from bad debt.
- Referred delinquent accounts to collections department or outside resources.
- Improved overall financial reporting by streamlining control processes and reporting structures.
Branch Credit Manager
STATE BANK OF INDIA
07.2017 - 06.2018
- Originated, reviewed, processed, closed, and administered customer loan proposals.
- Developed and maintained relationships with local real estate agents.
- Oversaw reporting, documentation and recordkeeping requirements for department.
- Investigated and evaluated customers for creditworthiness and potential risk factors.
- Analyzed applicants' financial status and credit and property evaluations to determine loan feasibility.
- Reduced past due balances and bad debt by coordinating collection efforts with customer service, sales and billing departments.
- Obtained and reviewed credit reports, credit references, credit insurance and financial statements to establish credit limits for new accounts.
- Negotiated settlements and payment terms with customers and delivered customized payment plans.
- Streamlined processes for early identification of potential credit system and monitoring problems.
- Referred delinquent accounts to collections department or outside resources.
Manager - Trade Finace/Manager - Trade Forex Operations
STATE BANK OF INDIA
07.2014 - 06.2017
- Handled Trade finance portfolio of INR 500 Crore.
- Developed and maintained strong knowledge of multiple products and varying levels of benefits within each product.
- Prepared LC/BGs contracts and related documentation according to standards.
- Arranged Buyers credit for the Importers.
- Liaised with Export credit guarantee corporation of India for Claims and Insurance premium submission.
- Collaborated with clients to maintain relationships and provide customers with thorough support and guidance.
- Liaised with customers and funding sources to identify and remove roadblocks to business funding.
Banking Probationary Officer
STATE BANK OF INDIA
07.2012 - 07.2014
- Trained under various business and operational units of the bank for understanding the banking business.
- Posted as Probationary Officer(Forex) in Mid corporate branch for handling the trade finance business.
- Posted in Rural Branch for understanding the rural credit.
Banking Probationary Officer
Allahabad Bank
07.2010 - 07.2012
- Worked as Probationary Officer(Forex) and understood the nitty gritty of Trade finance operations of the bank
- Handled trade finance business of INR 300 Crores of the branch.
Senior System Engineer
Infosys Technologies Limited
07.2006 - 07.2010
- Learned technologies like DBMS, Dot Net etc.
- Worked for Clients like Adidas and Syngenta.
- Developed country wise sites for Adidas using Teamsite platform.
Education
BACHELOR OF ENGINEERING - ELECTRONICS AND COMMUNICATION
JAIPUR ENGINEERING COLLEGE
INDIA08.2006
Skills
- Computer Skills
- Team Management
- Microsoft Word
- Interpersonal Communication
- Decision-Making
- Supervision and Leadership
- Multitasking Abilities
- Relationship Building
Certification
- Certified Anti-Money Laundering Specialist(ACAMS)
- Certification course in Foreign Exchange by IIBF
- Certification course in Trade Finance by IIBF
- Certification in Prevention of Cyber Crimes & Fraud Management
- Certification in IT Security
- Certification in SME Finance for Banker
- Certification course in Foreign Exchange Facilities for Individuals.
Timeline
AVP (FINANCE & INVESTMENT)
STATE BANK OF INDIA SINGAPORE
01.2021 - Current
MANAGER CREDIT & NPA
STATE BANK OF INDIA
07.2018 - 01.2021
Branch Credit Manager
STATE BANK OF INDIA
07.2017 - 06.2018
Manager - Trade Finace/Manager - Trade Forex Operations
STATE BANK OF INDIA
07.2014 - 06.2017
Banking Probationary Officer
STATE BANK OF INDIA
07.2012 - 07.2014
Banking Probationary Officer
Allahabad Bank
07.2010 - 07.2012
Senior System Engineer
Infosys Technologies Limited
07.2006 - 07.2010
BACHELOR OF ENGINEERING - ELECTRONICS AND COMMUNICATION
JAIPUR ENGINEERING COLLEGE
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