Finance recovery head

As the head of the function, defining and implementing the recovery strategy for the company, you will be building and guiding a high-performing team, appoint recovery / legal agencies on locations and ensure all recovery parameters are achieved for the company.

Responsibilities:

STRATEGIC/MANAGERIAL RESPONSIBILITIES:

- Develops and implements a recovery strategy in line with the company objectives.

- Supports the development of the workforce plan for the recovery function for creating a high-performing team.

- Manages and controls the operating framework for the recovery function, provides guidance and support, ensures implementation and review of work processes in order to achieve high-performance standards and continuous improvement

CORE RESPONSIBILITIES:

- Maximize recovery reversal from assigned NPA written off portfolio through closures, settlement, and disposal of collateral.

- Ensure timely initiation and execution of legal tool: Warrants execution under Section -138/ Section -25, Timely execution Sarfaesi, Resolution of Fraud transaction by filing FIRs, Attachment of collateral/other properties through Sarfaesi Arbitration and attachment of bank accounts through Arbitration and other available tools.

- Facilitation in the liquidation of possessed properties; Connecting with local brokers and facilitating property visits to prospective buyers. Comply with complete auction terms; Documents , Bids, and sale amount deposition.

- Coordination with respective legal managers to attend courts for early release of orders Possession coordination and Enforcement of Sarfaesi in collaboration with the legal team.

Job Requirements:

- Should have worked in a similar position for at least 2 years with an overall 15+ yrs experience.

- Should have experience of managing Unsecured and secured business at a National Role in the past.

- Thorough knowledge of the recovery legal process is a must.

- Should be well versed with Sarfaesi procedures.

- Should be open for extensive traveling.

- Should be able to liaison with Advocates and Police stations across markets for the execution of Warrants and Execution Petition enabling speedy recovery of dues.