Stressed Asset Manager

2 weeks ago

Chennai, Tamil Nadu, India Vivriti Captial Full time

About Vivriti Group:

- Vivriti Group is a trailblazer in the mid-market lending space, offering customized debt solutions to mid-sized enterprises.

The group operates through two core businesses:.

- Vivriti Capital Limited: A systematically important Non-Banking Financial Company (NBFC ND-SI) regulated by the Reserve Bank of India (RBI).

- Vivriti Capital has disbursed over USD 3 billion to 300+ enterprise borrowers and holds a CRISIL rating of A+.

- Vivriti Asset Management: A fixed-income fund manager, managing multiple Alternative Investment Funds (AIFs).

- With over USD 550 million in commitments from 900+ institutional and private contributors, Vivriti AMC has invested more than USD 600 million across 90+ entities.

Role Overview:

- The Stressed Assets Manager will manage a portfolio of non-performing and stressed accounts and be responsible for strategizing, initiating, and executing recovery actions, including legal and out-of-court settlements.

- The role demands in-depth knowledge of recovery frameworks like IBC/NCLT, SARFAESI, and DRT.

Key Responsibilities:

Account Management & Resolution Strategy

- Handle resolution of stressed accounts through

- Discussion & closure with the borrower.

- IBC (Insolvency & Bankruptcy Code) and NCLT processes.

- One-Time Settlements (OTS) and direct negotiations.

- Enforcement actions under SARFAESI and DRT proceedings.

- Assess financial viability of borrowers and structure recovery plans accordingly.

- Legal Proceedings & Documentation:.

- Collaborate with legal counsel to initiate and monitor recovery proceedings.

- Draft and review legal notices, settlement documents, and affidavits for recovery cases.

- Represent the organization in NCLT/DRT hearings and manage coordination with external lawyers.

Stakeholder Management:

- Liaise with internal stakeholders (credit, legal, risk, finance) for a coordinated recovery approach.

-Maintain strong relationships with external legal firms, insolvency professionals, resolution agents, etc.

MIS & Governance:

- Maintain updated trackers and dashboards for all stressed cases and their progress.

- Ensure compliance with RBI guidelines, internal governance, and audit standards.

Key Competencies:

- Expertise in legal frameworks for recovery: IBC, NCLT, SARFAESI, DRT, Civil/Criminal Recovery.

- Strong negotiation and conflict resolution skills.

- High emotional intelligence to handle sensitive and high-stake situations.

- Proficient in drafting legal documentation and recovery notices.

- Analytical thinking and ability to manage multiple high-pressure accounts.

Location: Chennai / Mumbai.

Experience Required: 5-10 years.

Educational Qualification:.

- Graduate in Law/Commerce/Finance (mandatory).

- MBA (Finance) or LLB/LLM preferred or CA.

- Reports To: Head - Collections & Stressed Assets.

(ref:iimjobs.com)

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