Kedar Nigudkar

Kedar Nigudkar Email and Phone Number

Fintech Leader, Entrepreneur, Chief Risk Officer/Chief Credit Officer @ Strike Acceptance
Kedar Nigudkar's Location
Dallas-Fort Worth Metroplex, United States, United States
Kedar Nigudkar's Contact Details
About Kedar Nigudkar

Credit and payments executive with 5+ years’ experience in high visibility C-Level roles in Consumer and SMB lending. Successfully managed credit risk through the Great Recession (Capital One) and COVID (Fundbox), taking decisive, surgical actions during the downturns and growing the businesses aggressively post-downturn. Resourceful leader with extensive knowledge of Credit, Fraud and Transaction Risk systems and capabilities. Skilled at building Risk, Governance and Compliance functions and teams from scratch at early and mid-stage startups. Consistent track-record of applying effective data analysis and predictive modeling skills to solve key business problems. Experience across credit & charge cards, loans and lines of credit, in start-ups as well as big organizations.Additional areas of expertise include: - Product Development- Business Margin Growth- Stakeholder Alliances- Developing High Performing Teams - Price Optimization, Margin Growth- Collections Strategy- AI/ML Models and Score Cards- Valuations and Loss Forecasting- Lending Regulatory Compliance

Kedar Nigudkar's Current Company Details
Strike Acceptance

Strike Acceptance

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Fintech Leader, Entrepreneur, Chief Risk Officer/Chief Credit Officer
Kedar Nigudkar Work Experience Details
  • Strike Acceptance
    Chief Risk Officer (Cro)
    Strike Acceptance Nov 2022 - Present
    Laguna Hills, Ca, Us
    Strike Acceptance offers Auto Finance to subprime borrowers.Developed Risk function at a fast-growing company – Data, Scorecards, Rules and Policies, Pricing, and Risk Operations.- Led the development of first major risk scorecard, utilizing both internal and external data- Built systems to increase % of applications auto-decisioned from less than 50% to over 70%- Increased Risk-adjusted Yields from ~10% to 16% by increasing Yields by 300 bps while reducing losses by 300 bps- Supported the CFO to get a new warehouse lending facility with significantly better terms than before
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  • Atob
    Head Of Risk
    Atob Feb 2022 - Nov 2022
    San Francisco, California, Us
    AtoB offers payment solutions to trucking and logistics companies with a zero-fee Fuel CardBuilt Credit, Fraud and Transaction Risk capabilities, Risk governance, and compliance programKey Achievements:- Built a high performing Credit team from scratch and significantly improved contribution margins- Reduced loss rates on new customer cohorts by 50% by leading the development of new Risk Scorecards, leveraging new data and tightening onboarding rules and policies- Built a Risk platform to manage portfolio risk by continuously re-underwriting existing customers
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  • Fundbox
    Chief Credit Officer
    Fundbox Apr 2019 - Feb 2022
    San Francisco, Ca, Us
    Fundbox is an AI-powered financial platform, with 500K+ SMB customers and $3B+ in working capital. Managed Credit across customer life-cycle (from Acquisitions to Collections) with P&L ownership for all Credit products. Key Achievements:- Fostered and shaped a high performing Credit team from scratch, driving significant improvements to P&L.- Strategically managed Credit through pandemic, taking targeted actions, then growing loan book and revenue 2X.- Sustained and strengthened confidence of debt investors through COVID and helped renegotiate credit facilities.- Developed and launched a new product (Term Loans), significantly increasing the growth rate.
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  • Zipcredit
    Chief Risk Officer (Cro)
    Zipcredit Jul 2018 - Mar 2019
    Co-founder and Chief Risk Officer for a fintech start-up giving personal loans to underserved customers. Key Achievements:- Owned market sizing, strategy/product development, vetting and selecting originations and servicing platforms.
  • Exeter Finance Corp.
    Vice President, Credit And Pricing
    Exeter Finance Corp. Jan 2016 - Mar 2018
    Irving, Tx, Us
    Managed Credit and Pricing for all new originations ($1.8 B/yr). Led the development of new generation risk models. Built more accurate and granular valuation and loss forecasting models. Key Achievements:- Reduced credit losses by 50 basis points (bps) by identifying and eliminating high risk pockets, rolling out new credit risk models, and implementing new dealer risk and make/model frameworks.- Increased yield by 100+ bps, while reducing credit losses by 50 bps, by identifying underpriced segments based on risk or capture and through opportunistic pricing (seasonal and regional opportunities).- Grew originations from $1.3B annually to $1.8B by implementing program, pricing and workflow improvements. - Developed a deal-structure based model improving pricing and simplifying pricing framework.- Eliminated low-value data sources and renegotiated pricing with key vendors to reduce data costs by $1M/yr.
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  • Tricolor Auto Group, Llc
    Director Of Risk And Analytics
    Tricolor Auto Group, Llc Jul 2012 - Dec 2015
    Irving, Texas, Us
    Tricolor Auto is a tech-enabled integrated used vehicle platform. Drove strategy through insights, analytics and collaboration across all functions – Credit, Marketing, Sales, Purchasing and Inventory. Managed performance of securitized portfolio by identifying at-risk metrics and coordinating execution of corrective plans across all departments. Optimized marketing expenditure across digital and non-digital channels. Key Achievements:- Developed a framework to identify the most profitable vehicle segments of make, model, and price combinations improving leads conversion by 10% while maintaining margins that increased NPV by $2M. - Developed two generations of Tricolor’s risk models, leveraging them to differentiate product terms.
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  • Capital One
    Business Director, Capital One Auto Finance
    Capital One Jun 2007 - Jul 2012
    Mclean, Va, Us
    Managed Business and Credit risk strategy for Non-Franchised Dealer and Direct-to-Consumer channels, doubling originations to $1.5B annually. Key Achievements:- Doubled originations in direct channel from 2009 to 2011 by leveraging marketing SEO, SEM and DM, cross-sell and credit.- Grew the Refinance product by developing industry leading e-signature fulfillment. - Achieved customer satisfaction of 90% by fostering strong partnerships with operations.
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  • Capital One
    Sr Business Manager, Capital One Healthcare Finance
    Capital One Aug 2005 - Jun 2007
    Mclean, Va, Us
    Developed volume-discount and buy-deep programs and partnered with Sales to launch them to a network of 40,000 healthcare providers. Drove origination volume and increased provider fee revenue to $60M.Key Achievements:- Implemented a valuation model to measure provider profitability that was critical in developing strategies to improve acquisitions and optimize marketing expenditures. The model recognized a $1M in cost savings.
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  • Capital One
    Business Manager, Capital One Card
    Capital One Jan 2002 - Jul 2005
    Mclean, Va, Us
    Managed credit line increase programs for the Prime business, a $30B portfolio. Key Achievements:- Recognized by the President for unifying decision models for different customer management strategies.- Developed a new BT Contingent Line Increase product that increased balances by 6X, while increasing exposure only 2X.
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  • Capital One
    Sr. Business Analyst, Capital One Card
    Capital One Jan 2000 - Dec 2001
    Mclean, Va, Us
    Managed the acquisition credit policy for the Young Adults (student) business
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Kedar Nigudkar Skills

Analytics Strategy Financial Services Portfolio Management Credit Credit Risk Credit Cards Risk Management Management Financial Analysis Financial Modeling Cross Functional Team Leadership Forecasting Business Analysis Marketing Consumer Lending Mergers And Acquisitions Finance Leadership Product Development Business Strategy Predictive Analytics Predictive Modeling Loans Analysis Valuation Analytical Skills

Kedar Nigudkar Education Details

  • Jamnalal Bajaj Institute Of Management Studies (Jbims)
    Jamnalal Bajaj Institute Of Management Studies (Jbims)
    Finance
  • Sardar Patel College Of Engineering (Spce),Mumbai
    Sardar Patel College Of Engineering (Spce),Mumbai
    Mechanical Engineering

Frequently Asked Questions about Kedar Nigudkar

What company does Kedar Nigudkar work for?

Kedar Nigudkar works for Strike Acceptance

What is Kedar Nigudkar's role at the current company?

Kedar Nigudkar's current role is Fintech Leader, Entrepreneur, Chief Risk Officer/Chief Credit Officer.

What is Kedar Nigudkar's email address?

Kedar Nigudkar's email address is ke****@****ail.com

What is Kedar Nigudkar's direct phone number?

Kedar Nigudkar's direct phone number is +197249*****

What schools did Kedar Nigudkar attend?

Kedar Nigudkar attended Jamnalal Bajaj Institute Of Management Studies (Jbims), Sardar Patel College Of Engineering (Spce),mumbai.

What skills is Kedar Nigudkar known for?

Kedar Nigudkar has skills like Analytics, Strategy, Financial Services, Portfolio Management, Credit, Credit Risk, Credit Cards, Risk Management, Management, Financial Analysis, Financial Modeling, Cross Functional Team Leadership.

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