Senior Manager - Debt Recovery

Job Opening 1: Debt Recovery Manager
Location: New Delhi - (5 Vacancies), Punjab - (2 Vacancies), Uttar Pradesh (3 Vacancies), Uttrakhand - (1 Vacancy), Rajasthan (3 Vacancies), Gujarat - (3 Vacancies)
Job Description
1. Day to day case management of the High Risk & High Value Commercial Portfolios. Working with individuals and third parties to manage stressed assets portfolios.
2. Liaison with Banks, NBFCs, Financial Institutions for empanelment, allotment of Cases, Periodical reporting on resolution of allocated cases.
3. Keeping track of portfolios by maintaining MIS on the basis of feedback from bankers, actual assessment of ground work, review of cases.
4. Regular visits to the borrowers / Properties in all allocated accounts.
5. Review and monitoring of applications filed with District Magistrate / Metropolitan Magistrate, police tie-up, to oversee arrangement for physical possession of mortgaged property, to participate in seizure operations in important / high value cases.
6. Review of works of local staff / Associates, co-ordination with Back-end team of HO for documentation, reports, monitoring of security arrangements/ ensuring observance of SOPs by staff.
7. To make efforts and to monitor efforts of local team for sale of property, meeting property dealers, looking for potential customers for property.
8. To conduct / monitor auction of properties.
9. Monitoring of billing, fee recovery and liaison with bankers for the same on need be so basis.
10. Regular Weekly reporting to Senior Management for case to case status, billing, marketing efforts etc.
11. Training for the applicable law (SARFAESI Act), procedure, documentation, Standard Operating procedures (SOPs) and practical knowledge would be provided at the beginning of the job besides day to day instruction & guidance at each step.

Work arrangement
No