• Finance Recovery Head Tiruvannamalai
  • GK MANAGEMENT in Tiruvannamalai, Tamil Nadu, India
  • jobs
  • 1 month ago

jobs description

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.


• 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
Tiruvannamalai Tamil Nadu India


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