Manager Credit

Posted on: 2006-04-04

Wajiha Mehtab Farooq 706 Mountainview Drive, Wayne, PA 19087 Tel: 610-240-0701 Cell: 267-240-4868 E-mail: [email protected] Education College of Business Management, Karachi, Pakistan Master of Business Administration. GPA 3.87 Feb 1999 Govt. College of Commerce & Economics, Karachi, Pakistan Bachelor of Commerce 1989-90 Govt. College of Commerce & Economics, Karachi, Pakistan Intermediate 1986-87 London University O’Levels 1985 Courses Attended  Workshop on Financial Statement Analysis – Princeton, NJ  Investing with confidence (Annuities, Mutual Funds, Bonds) – Westchester, PA  Understanding Letters of Credit: Types, Risks & Remedies  Business Communication  Principles of Marketing  Customer Services Excellence  Programming language: Visual Basic. 6.0 Work Experience MCB Bank Ltd, Karachi, Pakistan Apr 2003-Oct 2005 Manager Credit – Commercial Banking  Managed a secured portfolio of PKR 250 Million for various credit facilities: o Fund Based: Overdraft, Term Loans, Demand Loans, Leasing o Non Fund Based Facilities: Letter of Credit, Bank Guarantees.  Custodian for all securities pledged as Collateral: Marketable Securities, Certificates of Deposit, Property documents, Lien on Bank deposits, Standby Letter of Credit, Financial Guarantees (Offshore Bank Guarantees).  Developed Loan structure proposal for new loans.  Performed detailed Analysis of Financial Statements to identify inherent or future risks in the company.  Monitoring of Credit Portfolio: Repayment of Principal & Interest, Loan to Value Ratio, Collateral Compliance.  Ensured creditworthiness of the customer through external sources: Dun & Bradstreet, Data Banks, Credit reports from other banking relationships of the client.  Identified borrowing needs of the customer & offered facilities catering to those specific needs.  Ensured compliance of necessary Loan Covenants  Conducted regular visits to the customer’s business facilities. (offices, factory etc)  Proposed Renewal of Credit Limits based on past company performance & repayment trends of the customer.  Reporting of weekly, monthly & quarterly MIS to Regional Management. Standard Chartered Bank, Karachi, Pakistan Jul 2001 to Apr 2003 Credit Analyst – Consumer Banking Division  Performed Credit Analysis of all secured branch lending facilities against Deposits, Marketable Securities & Financial Guarantees (Offshore Bank Guarantees).  Analysis & processing of loan applications originated by all the branches countrywide.  Responsible for correctness of all documentation & control of the lending portfolio.  Monitoring credit limits, renewal of facilities & collateral compliance for both fund & non fund based portfolio of 4.3 billion.  Ensured collection of overdue & delinquent accounts.  Assisted credit policy team in preparation & monitoring of the credit policy for overdraft.  Developed a Credit Monitoring System for Lending Facilities (software program in Visual Basic for monitoring of all lending facilities for 21 branches). Union Bank Ltd, Karachi, Pakistan Oct 2000 - Jun 2001 MIS & Planning Officer-Consumer Assets & Cards  Prepared a three year expense budget for products: Personal Loans, Auto Loans, Mortgage Loans, Credit cards, Charge cards, Acquiring & Affiliate Business  Developed various formats for monthly forecasts & variance commentaries etc.  Involved in the preparation of rolling forecasts.  Prepared monthly variance commentaries for all product lines.  Responsible for monitoring & controlling of expenses on an on-going basis.  Carried out re-engineering exercises in the first quarter of the year 2001. Proposed necessary changes that brought about cost saves of PKR 1.5m.  Compiled monthly newsletter for the Consumer Division.  Spent some time in Card Operations to understand the Acquiring & Affiliate Business of the Bank.  Reviewed financial models for Consumer Assets & Cards American Express Bank Ltd, Oct 1999 - Oct 2000 Travel Related Services, Karachi Pakistan Management Trainee – Business Planning  Coordinated with regional finance groups in Hong Kong and New Delhi to ensure timely submission of monthly results.  Assisted in the preparation of Annual Plan for products “Card” and “Business Travel”.  Assisted in the preparation of Periodic forecasts as and when required by local and regional management.  Reviewed monthly financial results and submitted variance commentaries to Management. Citibank N.A., Sep 1990 - Jan 1991 Internship - Consumer Services Group  Worked in the foreign currency accounts department of the Consumer Services Group.  Actively participated in generating new business for the bank.  Educated clients on the various products.  Assisted customers with their deposits / withdrawals on an on-going basis. Interests Travel, Music and Reading Other Skills Fully proficient with software applications: Microsoft Word, Excel, PowerPoint etc. Achievements Received Service Excellence Award - Standard Chartered Bank Awarded high potential staff for the Year 2005 - MCB Bank Ltd References Available on request