Pk Parekh Email & Phone Number

Elgin, IL, US

Following many years of dedication to NCCP’s mission, I was invited to join its Board and contribute my expertise in strategic planning to shape the roadmap for NCCP’s future. I am currently developing NCCP’s new multi-year plan with the goal to sustain even greater positive impact in North Chicago and surrounding communities.

As an independent contractor, I augment the operating staff at private equity firms. Often, these firms need an expert resource with deep industry expertise, functional knowledge, or external perspective to conduct due diligence on investment opportunities, create or revitalize ambitious plans for profit growth, expose operational blind spots, advise.

Returning to this amazing role, I continued leading the #1 provider of home equity loans in the US. We accomplished double-digit growth in annual new loan volume, outpaced competitors in 2022 and 2023, and doubled the size of our loan portfolio, becoming the #1 bank in home equity loan portfolio size. We further reduced our unit costs to 70% lower than the.

At our CEO’s request, I rotated back to Discover Student Loans (which held #2 market share in private education loans for students at US colleges and graduate schools) and led the company’s actions to comply with a consent order issued by the CFPB in 2020. While our primary focus was on compliance, we also grew the student loan portfolio to $10 billion and.

I was promoted to Senior Vice President with Discover and continued in my role as the president of our mortgage business. We automated processes and built an industry-leading digital mortgage experience at a fraction of the investment made by prominent mortgage competitors. We achieved the #1 spot for market share of home equity loan originations in 2020..

In 2014, while running marketing and driving the turnaround for the non-bank mortgage company, I was simultaneously appointed as overall head of another mortgage business within Discover Bank that focused on home equity loans and was launched by a colleague the year earlier. I led a more complex, multi-year financial and operational turnaround of the new.

In 2013, I transferred to a non-bank mortgage subsidiary that Discover acquired a year earlier. That business was losing money in the higher interest rate environment and needed a plan to get back on track. As chief marketing officer, I led marketing channels, offers and promotions, business development, sales strategy, state licensing, and dialer.

Post-integration of the two companies, as chief product, marketing & analytics officer for student loans, I expanded the product range and delivered 60% annual organic originations growth in 2012 and again in 2013, making Discover Bank the #3 private student loan company in US market share, while lowering the unit cost for new loans.

After the acquisition closed at the end of 2010, I led the post-acquisition integration including standardization of policies, reorganization, and technology and operations roadmaps for combination of Discover Bank's organic student loan business and the larger acquired business (which had >5x employee base and >10x executive roles). As part of the.

In 2007, with a small team of just three people and two excellent partner companies, I launched this new line of business for Discover Bank. We missed the growth goal in the first year, but then we adapted, made improvements, and went on to originate over $2 billion in federal student loans and grow the business organically to be the #5 private student.

I was promoted to senior manager and assumed responsibility for the enterprise collections project management office, design and administration of incentive compensation, implementation of a new reporting platform and the collections website.

I was promoted and began managing people while continuing to operate as chief of staff and a special projects resource.

I joined Discover as an internal consultant, chief of staff, and special projects resource to the executive responsible for credit card authorizations, collections, and recovery. In addition to that work, I was one of four people who created the company's MBA recruiting program. I wrote and delivered training based on my prior consulting experience to.

I worked as a freelance management consultant and subcontractor for consulting firms with financial services clients, while teaching math and studying math in my free time.

Our firm was acquired and the new company changed its name. I continued to work as a management consultant, including on more technical projects to define use cases, features, and logical designs. I didn't know how to code but I understood math and logic, so I created a language of symbolic pseudo-code to communicate complex syntactical rules with software.

I joined this general management consultancy as an analyst on financial and operational turnarounds and other strategy engagements for clients in multiple industries, including financial services and private equity portfolio companies. Through those projects, I practiced logical structuring, hypothesis-based problem solving, interviewing, financial.

Years ago, while being rejected for this internship because the position was already filled, I asked to be kept in mind if the situation changed. A week later, I got a call back with an invitation to interview and that started a sequence of networking that led to an early career in management consulting, joining Discover, and great opportunities to create.

Ms, Financial Mathematics

I was admitted to this awesome graduate program after being told by the director not to bother applying, pausing and reflecting on the.

Ba, Two Concentrations: 1 = Biological Sciences, And 2 = South Asian Studies

Howard Hughes Medical Institute - Summer Research Fellowship Thesis paper on Hindi film analysis

High School Diploma