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Hemal B Desai

Hemal B Desai

Executive

Followers of Hemal B Desai157 followers
location of Hemal B DesaiBengaluru, Karnataka, India

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  • Timeline

  • About me

    Asst. Vice President at Bank of America

  • Education

    • The Bhawanipore Education Society

      2006 - 2009
      Bachelor of Commerce (B.Com.) Commerce

    • SUN RISE ENGLISH MEDIUM

      2004 - 2006
      ISC COMMERCE

  • Experience

    • Ideal Insurance Brokers Pvt. Ltd.

      Mar 2007 - Mar 2008
      Executive

      Data Management of Policies, Timely Renewals of Existing policies Lessoning with Insurance Co.’s regarding Issuance and endorsements of policiesCustomer Relationship & Satisfaction (Timely Delivery of Policy Documents,Endorsements of Policies) & Retail Marketing Responsible for Claims Management & Settlement.

    • Allied Infrastructure Pvt. Ltd.

      May 2008 - May 2010
      Assistant Accounts Officer

      Preparation of Profit & Loss Statements for different constructions sites across IndiaPreparing cash & fund flow statements for all the sites.Preparing monthly pay rolls for all category of staffs across all sites.Coordinating with different site coordinators and obtaining financial details

    • HSBC

      May 2010 - Aug 2012
      BANKING ASSISTANT

      ImportsEnsure fulfillment of regulatory documents to effect payment to overseas buyers on behalf of our customers. Advance payments, open account transactions, Opening Letter of Credit.Scrutinizing overseas documents received under collections (URC 522) & LC (UCP 600)Scrutiny of documents submitted to affect A1 remittances and to do transaction level compliance check to avoid regulatory violations.ExportsHandling of export and import bills under Letter of Credit (LC), collections. Disbursal and liquidation of Pre-shipment finance-(packing credit) and negotiation of export documents.Advising & confirmation of Letter of credit and Scrutinizing of Export document under letter of credit and collection.Handling domestic bills under collection and letter of credit and local bill discounting.Issuing GR Waiver/Approval certificates and resolving all discrepancies and tracking them to closure.Resolving queries and discrepancies in the transaction by coordinating with customer and ensuring seamless processing of transactions from end to end.Well versed with UCP 600, ISBP, URR, URC 522, FEMA and RBI regulations on Exports & Imports.Ensuring compliance with all regulatory and statutory requirements as relevant for various product and services;Coordinating with customer, branch, relationship managers, product & sales managers, Compliance for processing of trade transactions.Preparing MIS for Export Bills for tracking Turnaround time of the transactions on regular basis.Taking feedback from customers on regular basis and putting across the suggestions provided by customer to sales/operations and maintaining relationship with customer by providing exemplary services.Processing RTGS, NEFT, DD transactions, Voucher posting, EOD Account Reconciliation within the purview of Trade transaction.Foreign Outward remittances.Handled A2 desk for short span of timeProcessing EEFC conversion request error free and timely. Liaising with Treasury for rates Show less

    • Deutsche Bank

      Aug 2012 - Jan 2017
      Operations Analyst

      .

    • HSBC

      Jan 2017 - now

      • AVP GTRF Client Services

        Feb 2021 - now

      • AVP GTRF Operations

        Jan 2020 - now

      • Manager

        Jan 2017 - Jan 2020

    • Bank of America

      Jan 2022 - now
      Asst. Vice President

  • Licenses & Certifications

    • CDCS

      The London Institute of Banking & Finance