head-recovery in bengaluru / bangalore

posted
contact
randstad india
position type
permanent
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posted
location
bengaluru / bangalore
function
Banking & finance
position type
permanent
experience
25
reference number
65278
contact
randstad india

job description

head-recovery in bengaluru / bangalore

 SPECIFIC JOB RESPONSIBILITIES
STRATEGIC/MANAGERIAL RESPONSIBILITIES:
● Develops and implements a recovery strategy in line with the company objectives.
● Supports the development of the workforce plan for the recovery function for creating a high-performing
team.
● Manages and controls the operating framework for the recovery function, provides guidance and support,
ensures implementation and review of work processes in order to achieve high-performance standards
and continuous improvement.
CORE RESPONSIBILITIES:
• Maximize recovery reversal from assigned NPA written off portfolio through closures, settlement, and
disposal of collateral.
• Ensure timely initiation and execution of legal tool: Warrants execution under Section -138/ Section -25,
Timely execution Sarfaesi, Resolution of Fraud transaction by filing FIRs, Attachment of collateral/other
properties through Sarfaesi Arbitration and attachment of bank accounts through Arbitration and other
available tools.
• Facilitation in the liquidation of possessed properties; Connecting with local brokers and facilitating
property visits to prospective buyers. Comply with complete auction terms; Documents , Bids, and sale
amount deposition.
• Coordination with respective legal managers to attend courts for early release of orders Possession
coordination and Enforcement of Sarfaesi in collaboration with the legal team.
• Collaborate with business/Legal functionaries for obtaining support in resolving written-off accounts.
• Coordinate and Management of Vendors / In-house team members in terms of driving maximum
resolution from the assigned portfolio.
REVENUE GENERATION:
● Creates a robust structure to ensure adequate focus at a product level for early delinquency management
and P&L parameters.
● Defines and designs strategies to minimize NPA’s and maximize recoveries.
● Rationalizes cost by focusing on fee collections.
DOCUMENTATION & COMPLIANCE:
● Helps to set up a strong, standardized and smooth functioning recovery process.
● Defines, designs and implement the recovery process manual and standard operating procedures.
● Drives Automations and digitization in various processes associated directly or indirectly with collections.
● Ensures compliance of people, processes and systems in the recovery unit with regulatory norms and
internal policies.
OTHER RESPONSIBILITIES:
● Engages with compliance, Internal Audit and Operational Risk management in order to ensure
compliance of people, Processes and systems.
● Uses Business process re-engineering to challenge status quo and improve efficiencies in recovery
processes.
SKILL SETS REQUIRED:
● Should have worked in a similar position for at least 2 years with an overall 15+ yrs experience.
● Should have experience of managing Unsecured and secured business at a National Role in the past.

skills

recovery

qualification

Any