Portfolio Recovery Specialist

2 days ago


Chennai, Tamil Nadu, India beBeeRecovery Full time ₹ 2,50,00,000 - ₹ 3,50,00,000
Job Description

The Portfolio Recovery Specialist will manage a portfolio of non-performing and stressed accounts, responsible for strategizing, initiating, and executing recovery actions. This includes handling resolution of stressed accounts through discussion & closure with the borrower, implementing IBC (Insolvency & Bankruptcy Code) and NCLT processes, executing One-Time Settlements (OTS) and direct negotiations, and enforcing actions under SARFAESI and DRT proceedings.

Key Responsibilities:
  • Account Management & Resolution Strategy:
    • Resolve stressed accounts through borrower discussions & closure.
    • Implement IBC and NCLT processes to recover assets.
    • Execute OTS and negotiate settlement agreements.
    • Enforce actions under SARFAESI and DRT proceedings.
  • Legal Proceedings & Documentation:
    • Collaborate with legal counsel to initiate recovery proceedings.
    • Draft and review legal notices, settlement documents, and affidavits.
    • Represent the organization in NCLT/DRT hearings.
  • Stakeholder Management:
    • Coordinate with internal stakeholders for a coordinated recovery approach.
    • Maintain relationships with external legal firms and insolvency professionals.
  • MIS & Governance:
    • Track and monitor stressed case progress.
    • Ensure compliance with RBI guidelines and internal governance 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 situations.
  • Proficient in drafting legal documentation and recovery notices.
  • Analytical thinking and ability to manage high-pressure accounts.


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