Summary
Overview
Work History
Education
Skills
Accomplishments
Additional Information
Timeline
Hi, I’m

Varshika Pitamber CAIB (SA)

Credit Manager/Account Executive/Finance And Insurance Manager
Roodepoort
Varshika  Pitamber CAIB (SA)

Summary

I am an organized and self-driven individual, passionate about my career. My commitment can be gauged from my academia, Service Excellence Awards, mentor-ship of junior staff, nominated and elected Corporate Social Responsibility Official, Staff Social Club, Employment Equity Forum, and First Aid. As an accomplished communicator with excellent decision making and management skills, I have a proven track record of consistently meeting and exceeding demanding performance goals and taking on additional responsibilities making me a valuable asset to any organisation.

Date of First Registration (DOFR): 12 December 2005

FAIS CREDITS: 120

CLASS OF BUSINESS: Long Term Insurance/ Short Term Personal Lines /Short Term Commercial Lines

NCA, RE5 and CPD up to date.

Overview

30
years of professional experience
17
years of post-secondary education

Work History

Spartan SME Finance
Johanneburg

Business Banker
01.2023 - 07.2023

Job overview

  • Reason for Leaving: Retrenched
  • Manage the portfolio of existing, past & potential referral partners and clients.
  • Partner and client visits.
  • Collate documentation for preparation of credit papers and provide input to Credit Analysts.
  • Member of Credit Committee.
  • Reporting.

Various
Johannesburg

Finance and Insurance Business Manager
01.2019 - 01.2022

Job overview

  • Reason for Leaving: Approached by Spartan SME Finance
  • Vehicle financing and insurance products.
  • Maintain relations between banks, product houses, dealers and clients.
  • Credit applications - personal and business.
  • Communicated with customers and vendors positively with particular attention to problem resolution.
  • Created, managed, and executed business plan and communicated company vision and objectives to motivate teams.
  • Negotiating deals.

Kiva Dry Cleaning (Pty) Ltd T/A Levingers
Sandton

Managing Director
01.2015 - 01.2018

Job overview

  • Reason for Leaving: Building rezoned - not feasible to move premises
  • Monitored office workflow and administrative processes to keep operations running smoothly.
  • Customer interaction- service, complaints, queries and sundry.
  • Stock maintenance and purchasing.
  • General business matters and cash management.

Standard Bank Business Banking
Sandton

Account Executive
01.2010 - 01.2015

Job overview

  • Reason for Leaving: Entrepreneurship
  • Client Portfolio Mix: Turnover R20m – R400m.
  • Grow and retain a portfolio of high value commercial relationships, providing a full array of customized financial solutions.
  • Customer Service: Quality and efficiency.
  • Lending support.
  • Credit and Risk Management.
  • Legislative Compliance.
  • People Management.
  • Strengthened customer relationships with proactive and collaborative approach to managing needs.
  • Built and strengthened relationships with new and existing accounts to drive revenue growth.

FNB Commercial Banking - Credit
Sandton

Credit Portfolio Manager (with Mandate)
01.2008 - 01.2010

Job overview

  • Reason for Leaving: Head hunted by Standard Bank
  • Assess and review credit proposals in detail including assessments of financials, management accounts, budgets, cash flows, debtors and creditors schedules and all business risk.
  • Approve or recommend credit facilities.
  • Actively seek out new business opportunities with Relationship Manager and provide bankable solutions to clients.
  • Ongoing risk management for distressed accounts and pre-legal accounts.
  • Furnish reports of key results to Credit Head on a monthly basis.
  • Manage and control the quality and risk profile of Credit Portfolio.
  • Coaching Credit Analysts in key areas.

NURCHA
Rosebank

Credit Analyst
01.2006 - 01.2008

Job overview

  • Reason for Leaving: Underutilized talents and abilities
  • Document and maintain credit policies for all programs.
  • Ensure investor confidence: reporting and monitoring procedures.
  • Management of approved facilities.
  • Assess and monitor the financial health of intermediaries.
  • Complete Due Diligence report on intermediaries.
  • Interview clients with Program and Project Managers to assess project, credit and business risk.
  • Ensure program compliance.
  • Propose ways to improve and/or wind down non performing program.
  • Tracking of projects that are off-track, distressed or loss pending.
  • Compile a Credit Assessment with recommendations and if relevant conditions precedent.
  • Legislative requirements such as National Credit Act.
  • Debtors Book Analysis.
  • Calculation of Provisions raised as per company Audited Financial Statements and Management Accounts.
  • Prepare various management reports for Executive Management.
  • Liaise with attorney regarding security documents.
  • Ensure accuracy of security documents.
  • Present Credit Papers to Credit Committee.

Nedbank Corporate Business Banking
Johannesburg

Credit Analyst (with Mandate)
01.2005 - 01.2006

Job overview

  • Reason for Leaving: Restructure
  • Prepare Credit Applications including analysis of all related financial and non-financial information.
  • Provide bankable solutions to clients - overdraft facilities, medium and long term loans, guarantees, letters of credit, asset based finance (VAF), credit cards, petrol cards, home loans, commercial loans, internet banking, and temporary facilities.
  • Control, manage and monitor credit, and credit risk of the portfolio.
  • To analyze and interpret financial statements, management accounts, cash flow forecast, debtors aged analysis, and credit schedules.
  • Conduct client interviews to renew facilities.

FNB Core Banking Solutions
Johannesburg

Credit Analyst (with Mandate)
01.2004 - 01.2005

Job overview

  • FNB Commercial Credit Reason for Leaving: Career advancement – Small business to corporate
  • Client Portfolio: Turnover from R300k to R40m.
  • Manage, control and monitor Business and Agriculture Portfolio of three branches.
  • Refers: return or condone excesses.
  • Eliminate and/or minimize expired arrangements.
  • Temporary arrangements.
  • Bad debts – write offs and/or recover.
  • Dormant Accounts.
  • Facility Letters.
  • Approve and/or recommend Credit Proposals received from Relationship Managers.
  • Assess Credit applications received from branches.
  • Maintenance of high risk data, such as clearing cheques, authorizing excesses, cashing cheques against effects not cleared.
  • Work in close conjunction with Relationship Managers, and Relationship Analysts to improve the quality of the book.
  • Comply with legislative requirements.

FNB Branch Banking
Johannesburg

Clerical and Supervisory
01.1994 - 01.2004

Job overview

  • Clerical and supervisory – FNB Branch Banking Reason for Leaving: Career path change

Education

Topaz Secondary High School
Johannesburg

High School Diploma
01.1989 - 11.1993

UNISA
Pretoria

Business Management
04.2001 - 11.2005

UNISA
Pretoria

Bachelor of Commerce from Business Management And Finance
01.2005 - 11.2007

Institute of Bankers in South Africa
Johannesburg

Certified Associate CAIB (SA) from Banking, Finance
01.1996 - 10.2000

Moonstone Business School
Stellenbosch

No Degree from RE5
04.2019 - 05.2019

Moonstone Business School
Stellenbosch

No Degree from NCA
02.2023 - 02.2023

MF Teinamentos
Brazil

No Degree from Lean Six Sigma White Belt
09.2023 - 09.2023

Skills

    Soft skills

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Accomplishments

STANDARD BANK

  • Mentor to three Credit Analysts; one promoted to Account Manager and the other to Relationship Manager.
  • Formulated functional tools such as ratio analyses templates to improve the understanding of financial statements and commentary thereon.
  • Nominated and appointed as the representative of the Blue Heart for the Northern Gauteng region - Corporate Social Responsibility.
  • Three True Blue Awards for Service Excellence.


FNB

  • Mentor to a Credit Analyst who was promoted to Relationship Manager.
  • Regional Intermediary (Gauteng North), between Credit Department and Sales.
  • Formulated and performed Training and Development for all Relationship Managers and Credit Analysts in order to up skill and reduce the rate of return of credit papers.
  • Tended to high value, long outstanding and problematic renewals of facilities.
  • In conjunction with the Sales Director, all customer complaints regarding credit decisions were tended to.
  • Six Service Specialist Awards for Service Excellence.
  • Nominated and appointed for Employment Equity Committee.


NURCHA

  • First Aid Official – Level One.
  • Formulated document process flows.
  • Circle of Influence Award.
  • Managed Staff Social Club.

Additional Information

  • References available on request.

Timeline

MF Teinamentos

No Degree from Lean Six Sigma White Belt
09.2023 - 09.2023

Moonstone Business School

No Degree from NCA
02.2023 - 02.2023

Business Banker

Spartan SME Finance
01.2023 - 07.2023

Moonstone Business School

No Degree from RE5
04.2019 - 05.2019

Finance and Insurance Business Manager

Various
01.2019 - 01.2022

Managing Director

Kiva Dry Cleaning (Pty) Ltd T/A Levingers
01.2015 - 01.2018

Account Executive

Standard Bank Business Banking
01.2010 - 01.2015

Credit Portfolio Manager (with Mandate)

FNB Commercial Banking - Credit
01.2008 - 01.2010

Credit Analyst

NURCHA
01.2006 - 01.2008

UNISA

Bachelor of Commerce from Business Management And Finance
01.2005 - 11.2007

Credit Analyst (with Mandate)

Nedbank Corporate Business Banking
01.2005 - 01.2006

Credit Analyst (with Mandate)

FNB Core Banking Solutions
01.2004 - 01.2005

UNISA

Business Management
04.2001 - 11.2005

Institute of Bankers in South Africa

Certified Associate CAIB (SA) from Banking, Finance
01.1996 - 10.2000

Clerical and Supervisory

FNB Branch Banking
01.1994 - 01.2004

Topaz Secondary High School

High School Diploma
01.1989 - 11.1993
Varshika Pitamber CAIB (SA)Credit Manager/Account Executive/Finance And Insurance Manager