Summary
Overview
Work History
Education
Skills
Accomplishments
Certification
Timeline
Generic

Nihitha Vasanthan

Tampa,FL

Summary

Accomplished finance professional with a proven track record at Indian Overseas Bank, adept in balance sheet management and risk evaluation. Excelled in leveraging Finacle Banking Solution and Agile Project Management to enhance financial reporting accuracy and operational efficiency, achieving business growth. Expert in strategic planning and stakeholder communication, demonstrating exceptional analytical and leadership skills. Reliable Manager demonstrating high level of ownership and initiative. Possessing exceptional work ethic and desire to go above and beyond to exceed company expectations. Offering knack for building productive working relationships. Successful in fast-paced, deadline-driven environments to manage goals and team development. History of thriving in team-oriented environments.

Overview

12
12
years of professional experience
1
1
Certification

Work History

Manager – Balance Sheet Management Department (BSMD)

Indian Overseas Bank
Chennai
04.2023 - 10.2024
  • Aligning balance sheet decisions with the bank's overall business strategy and risk appetite
  • Collaborating with internal and external auditors to ensure accuracy and completeness of financial reporting
  • Gathering and consolidating data from various departments across the bank to prepare accurate and timely balance sheet reports
  • Performing reconciliations to ensure internal consistency and data integrity
  • Analyzing trends and identifying potential issues or discrepancies
  • Monitoring the evolution of the balance sheet against budget and long-term plans
  • Predicting short and long-term impacts of financial decisions on asset and liability composition, capital adequacy, and profitability
  • Assessing and managing risks including liquidity, interest rate, credit, and market risks
  • Maintaining adherence to relevant regulatory requirements regarding capital adequacy, risk management, and reporting standards
  • Tracking key balance sheet metrics including liquidity ratios, capital adequacy ratios, and return on equity (ROE)
  • Preparing regular reports for senior management and regulatory authorities
  • Presenting findings and recommendations to management teams and boards of directors
  • Collaborating with risk management, asset and liability management, and other departments to ensure coordinated balance sheet strategies
  • Communicating balance sheet insights and risks to senior management and stakeholders
  • Contributing to the development and implementation of new treasury products and initiatives

Deputy Manager – Operations

Indian Overseas Bank
Chennai
08.2020 - 04.2023
  • Overseeing the day-to-day operations of the branch ensuring a smooth branch functioning
  • Managing the staff and allocating the suitable roles effectively and acting as the main custodian of the branch
  • Soliciting new business by preparing a distinct and persuasive business model
  • Managing and maintaining the fund and equity investments, outflows, inflows, valuations, risk ratings and performance analysis
  • Conducting employee day meeting every month and customer meetings once in a quarter for better performance and grievance redressal
  • Heading the meeting for preventive vigilance in work and recording the observations and giving inputs for a safer and vigilant work environment
  • Providing solutions to escalated customer complaints and ensuring hassle free business
  • Handling the 1250 million INR deposits of customers
  • Handling the credit portfolio of the branch of about 600 million INR
  • Managing the profit and loss accounts of the branch
  • Reconciling Sundry debtors and Sundry creditors account
  • Managing and maintaining the cash in hand keeping in consideration the daily retention limit
  • Monthly consolidation and forwarding of audit reports to regional office

Assistant Manager – Credit Analyst

Indian Overseas Bank
Chennai
07.2017 - 08.2020
  • Overseen the credit department through guiding the credit analysts and managing the branch’s credit portfolio of around 800 million INR
  • Generated branch’s periodic performance, compliance and forecast reports
  • Managed and drove the branch towards achieving the annual targets set in Annual Operative Plan (AOP)
  • Worked efficiently in a very fast paced customer facing environment involving high risk factors, which involves critical decision making
  • Analyzing the Balance sheet of firms thereby deciding on favorable factors for advancing of credit
  • Involved in Computation of credit risk capital and asset classification of loans
  • Involved in recovery of Non-Performing Assets (NPA) and thereby increasing the profitability of the bank
  • Managed and successfully completed the concurrent audits and statutory audits in the branch level

Assistant Manager – Retail Banking Specialist

Indian Overseas Bank
Chennai
04.2014 - 07.2017
  • Marketing of digital Products of the bank and retail credit products
  • Devised target solutions for customers based on their deposit lending and investment needs
  • Collected and analyzed quantitative data to lead business improvement by 25% growth
  • Provided strategic forecasts reports and analyzed the revenue and gross margins
  • Improving risk intelligence and performing work, such as developing risk, security, and compliance materials to support sales and related commitment

Assistant Manager – KYC/AML Specialist

Indian Overseas Bank
Chennai
04.2013 - 04.2014
  • Experienced in conducting Customer Due diligence: evaluating clients’ (retail and corporate) credit data and analyzing financial statements by producing financial ratios
  • Assessed the credit risk associated with the clients and implemented loan covenants, credit limits accordingly
  • Worked on renewing/reducing the existing credit limits of clients based on cash flow analysis
  • Gained strong expertise in working with diverse credit portfolio and clientele

Education

Bachelor of Engineering - Electronics & Communication Engineering

Anna University
Chennai
05.2010

Skills

  • Finacle Banking Solution
  • Data warehousing
  • Database Design
  • Risk evaluation
  • MS SQL Server – Intermediate level
  • Agile Project Management
  • Microsoft Office
  • Tableau – Intermediate level
  • Financial statement reporting and analysis
  • Knowledge of GAAP/IFRS

Accomplishments

  • Recognized as ‘The Best Employee’ for playing a key role in building the credit portfolio of the branch from ground zero to 15 million INR.
  • Improved the branch's deposits by 165 million INR, through implementing better marketing strategies.
  • Played a key role in boosting the healthy credit mix of the branches that I have worked, up to 50 million INR - by employing better risk analysis strategies to reduce the non-performing assets and acquire more credit healthy clients.

Certification

  • Junior Associate of the Indian Institute Of Bankers.
  • Registered specified Person by Insurance Institute Of India.

Timeline

Manager – Balance Sheet Management Department (BSMD)

Indian Overseas Bank
04.2023 - 10.2024

Deputy Manager – Operations

Indian Overseas Bank
08.2020 - 04.2023

Assistant Manager – Credit Analyst

Indian Overseas Bank
07.2017 - 08.2020

Assistant Manager – Retail Banking Specialist

Indian Overseas Bank
04.2014 - 07.2017

Assistant Manager – KYC/AML Specialist

Indian Overseas Bank
04.2013 - 04.2014

Bachelor of Engineering - Electronics & Communication Engineering

Anna University

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