Raghu's Profile

Name: Raghu Majagavi
Gender: male
Website: empty
City: Belgaum
State: empty
Country: India
About me: * Master of Business Administration with 6 years experience in financial analysis of new/existing business, retail credit analysis. * Self motivated person with passion for financial analysis. * Looking forward for relocating to Denmark * Believe in deadlines and high quality results
Education: Master Of Business Administration Projects: • Six Sigma Projects: -------------------------- 1. Improvement in quality of credit reviews. Associated as team member. Project was initiated to improve the quality of customers’ credit reviews from average team’s accuracy <85% to >93%. This project is in control phase. Benefits from projects were: improved quality of credit assessment, reduce credit risk to help better management decision. 2. Completing credit reviews within SLA of 15 days. Associated as project lead. Reduction of number of backlog review (review crossed SLA of 15 days), from a weekly average of 120 customer reviews to less than 10. This project is in define phase. 3. Shingijutsu Kaizen Workshop. Certified by Shingijutsu for completion of a kaizen workshop. For details of consultants please log on to: http://www.shingijutsu-global.com/en/index.html. Certifications: ---------------- • Level 1 Certified Professional - Capability Acceleration Program (CAP) in Project Management (May 2011) • Gateway – The Leaders’ League (Nov 2011). A program initiated within Flextronics for developing leadership pipeline.
Professional: Flextronics International – Global Shared Service, Chennai, India Feb-2010 – Present. Associate Team Lead – Global Credit • Prospecting new customers • Financial Statements Analysis of existing customers • Assigning credit risk and recommend credit limit, write credit review recommendation • Developing models of credit information to predict patterns and trends • Advising and recommending changes to policy and procedure • Periodic review of Standard Operating Procedure (SOP), and Statement Of Work (SOW). • Responsible for internal databases of 200+ customers with credit risk & credit limit information. • Authorized to approval credit limit up-to $10M • Manage a team of credit analysts • Interact with Flextronics’ business unit across continents (USA, UK, China, Japan, Malaysia, Singapore, and Israel) ZENTA KNOWLEDGE SERVICES, Chennai May–2009 to Feb-2010 (Mortgage Service provider to MetLife Home Loans, USA) Sr. Analyst • Due diligence of the residential mortgage loan approvals. • Auditing the credit decision on mortgage loans underwritten and Approval Letter sent to brokers. • Grant exceptions to loans with high risk or loans with Red-Flag/ suspected fraud. • Managing client queries and feedback. • Periodic interaction with onshore client. • Managing and timely review of the Standard Operating Procedures. • Experienced in managing a team of professionals in regards to Turn-Around-time and SLAs. • MIS Reporting. XLDYNAMICS PVT LTD, Mumbai Dec-2007 to Nov-2008 (A subsidiary of SunWest Mortgage Corp, USA) Sr. Quality Analyst • Managing operations of Mortgage Loan Closing department. • Process change initiation. • Process change documentation. • Timely review of Standard Operating Procedure (SOP), and updating SOP to increase work efficiency. • Team’s quality review. During the association, initiated and successfully implemented a project to develop a checklist to support the doc draw process. Checklist helped to meet quality standards and standardize the process. OPTION ONE MORTGAGE CORPORATION Mar 2007 to Dec-2007 (Subsidiary of H&R Block, USA) Sr. Underwriter As Sr. underwriter I was responsible for underwriting loans with high-risk profile borrowers and mentoring team of underwriter in problem areas to improve quality of underwriting decisions. Achieved Tier-A Signoff in 3 months, a sign-off authority on loan amount up to $350,000. As one of the key responsibilities, during the association with Option One was mentoring a team of underwriters and guiding them to achieve higher-level sign off for sub-prime loans. OCWEN FINANCIAL SOLUTIONS Aug 2005 to Mar 2007 Underwriter As underwriter, independently handled the Underwriting of the loans for the client, Funding America. Process involves:  Credit Analysis of borrower  Income analysis of the borrower  Appraisal of the collateral/ subject property.  Net Tangible Benefit Calculation  Arriving at the decision on the loan.  Issuing approval letter. During this tenure, initiated a project to design a manual to assist the underwriting process with increased efficiency. Having 100% quality record for the whole period, I have been assigned the responsibility of quality check of the loans, and training a portion of team on the underwriting.

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Last Access: 01/30/12 11:51

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