Recovery Specialist

1 month ago


Mumbai, India See & Recruit Full time

Report to MD & CEO and assist in achieving the corporate goals.

• Devise and Execute strategies for enhancing recovery rates to ensure continued profitability of business

& improved processes to ensure efficiency in customer contact & optimize recovery.

• Devise collection-related schemes in collaboration with the Sr. Management to achieve recoveries.

• Creation of Resolution Strategy for each asset by way of restructuring/settlement/sale and or other

alternate strategies as per the RBI guidelines / company policies.

• Oversee the implementation of resolution plans, ensuring adherence to timelines and objectives.

• Responsible for overall debt control, recoveries and collections of NPAs.

• Creation of a resolution strategy that is fully compliant and in accordance with the RBI guidelines.

• Compliance of ARC related prudential guidelines prescribed by RBI.

• Monitor trust activities, recoveries and distribution to SR holders, managing and facilitating internal and

statutory audits.

• Ideate policies and standard operating processes for mitigation of operational risk.

• Maintain transparency and integrity in all dealings with regulatory authorities, auditors, and external

stakeholders.

• Value realization from the portfolio of SRs acquired through sale of assets to ARCs, through appropriate

deal structuring and creating investor interest in these assets.

• Close co-ordination with the legal team for cases which may involve litigation. Interact with advocates

for filing recovery suits, initiating action under SARFAESI Act, NCLT, attending DRT, DRAT, Magistrate

Court, Session Court, etc. as required.

• Assist in recruitment and selection of Resolution team personnel.



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