Hi, I’m
Varshika Pitamber CAIB (SA)
Credit Manager/Account Executive/Finance And Insurance Manager
Roodepoort
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 FinanceJohanneburg
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.
VariousJohannesburg
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 LevingersSandton
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 BankingSandton
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 - CreditSandton
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.
NURCHARosebank
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 BankingJohannesburg
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 SolutionsJohannesburg
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 BankingJohannesburg
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 SchoolJohannesburg
High School Diploma
01.1989 - 11.1993
UNISAPretoria
Business Management
04.2001 - 11.2005
UNISAPretoria
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 SchoolStellenbosch
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
Self-motivation
Analytical thinking
Compliance requirements
Financial analysis
Compliance adherence
Team coaching
Business Development
Staff Management
Revenue Generation
Fraud knowledge
Credit assessment
Performance monitoring
Risk mitigation
Relationship building and management
Financial analysis and reporting
Positive attitude
Flexible approach
Strong work ethic
Leadership Skills
Communication
Dispute resolution
Business process improvement
Collaboration
Training and Development
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