Senior Portfolio Recovery Specialist

1 day ago

Chennai, Tamil Nadu, India beBeeAsset Full time ₹ 45,00,000 - ₹ 85,00,000

Stressed Assets Manager Role Overview

This is a unique opportunity for an experienced professional to join our team as a Stressed Assets Manager.

The successful candidate will be responsible for overseeing a portfolio of non-performing and stressed accounts, strategizing, initiating, and executing recovery actions, including legal and out-of-court settlements.

We are seeking a highly skilled individual with expertise in legal frameworks for recovery, strong negotiation and conflict resolution skills, high emotional intelligence, and proficiency in drafting legal documentation and recovery notices.

A graduate degree in Law/Commerce/Finance is mandatory, while an MBA (Finance) or LLB/LLM preferred or CA is a plus.

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

The ideal candidate should have analytical thinking and ability to manage multiple high-pressure accounts.

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.

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