Asset Recovery Expert

2 days ago


Faridabad, Haryana, India beBeeNegotiation Full time ₹ 8,00,000 - ₹ 12,00,000

Job Summary (50 words): We are seeking a Recovery Specialist to lead the management and execution of recovery strategies for delinquent assets, ensuring timely resolution, minimizing losses, and maintaining regulatory compliance.

Key Responsibilities:
  • Track and manage overdue accounts, initiating recovery action for delinquent commercial banking customers.
  • Liaise with relationship managers and legal teams to plan and execute recovery strategies for stressed assets.
  • Conduct follow-ups with borrowers for repayment through calls, visits, and formal communication.
  • Negotiate and structure repayment plans, settlements, or restructuring in line with bank policies.
  • Initiate and monitor legal recovery proceedings where necessary.
  • Maintain detailed documentation and MIS related to recovery efforts, court proceedings, and repayment schedules.
  • Monitor and report progress of recovery cases to senior management with recommendations for further action.
Requirements:
  • Strong knowledge of commercial banking products and credit processes.
  • Understanding of legal recovery procedures and applicable banking laws.
  • Negotiation and persuasion skills to deal with defaulting clients.
  • Analytical ability to assess repayment capacity and financial restructuring options.
  • Good communication and interpersonal skills.
  • Proficiency in MS Office and banking systems.


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