Recovery Executive

1 week ago

Faridabad, Haryana, India Kotak Mahindra Bank Full time ₹ 1,20,000 - ₹ 3,60,000 per year

Recovery Executive-Comm. Bank HO & Support-Recovery Common Cost Allocation - CV,CE & SA

Job Description (JD) for Recovery Executive in the Relationship Banking Group - Recovery Function

Job Title: Recovery Executive – Relationship Banking Group (RBG) Recovery Function
Department: Commercial Banking
Reporting To: Recovery Manager / Relationship Manager

Job Purpose:

To manage and execute recovery strategies for delinquent and non-performing assets within the Relationship Banking Group portfolio, ensuring timely resolution, minimizing losses, and maintaining regulatory compliance.

Key Responsibilities:

  • Track and manage overdue accounts and initiate 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 (e.g., SARFAESI, DRT, civil suits) 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.
  • Ensure compliance with all internal policies and external regulatory requirements related to loan recovery.

Key Skills & Competencies:

  • Strong knowledge of commercial banking products and credit processes.
  • Understanding of legal recovery procedures and applicable banking laws (e.g., SARFAESI, IBC).
  • 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.

Qualifications & Experience:

  • Graduate/Postgraduate in Commerce, Finance, Law, or related field.
  • 2–5 years of experience in credit recovery, collections, or commercial banking operations.

Experience in handling legal recovery cases is preferred.

Experience LevelExecutive Level

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