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Job Description
Role & responsibilities
Portfolio & Recovery Management
- Manage the regional secured collections portfolio for B3+ delinquent accounts across Home Loans, Loan Against Property (LAP), and other secured lending products.
- Drive recovery strategies for high-risk and chronic delinquent accounts.
- Monitor and control portfolio flow into NPA while maximizing recoveries from existing NPA accounts.
- Develop bucket-wise action plans and resolution strategies to improve collection efficiency and recovery rates.
NPA & Resolution Management
- Formulate and execute recovery strategies for NPA accounts.
- Drive settlements, restructuring recommendations, and recovery campaigns as per policy.
- Ensure timely action on high-value delinquent and stressed accounts.
- Track and review recovery pipelines to achieve regional recovery targets.
Legal & Enforcement Actions
- Oversee SARFAESI, DRT, arbitration, repossession, and auction-related activities.
- Coordinate with empaneled advocates, legal teams, and enforcement agencies for recovery actions.
- Ensure timely possession, asset disposal, and recovery proceedings for secured assets.
- Monitor legal recovery performance and turnaround timelines.
- Agency & Vendor Management
Preferred candidate profile
- 12-15 years of experience in Collections and Recovery within Banking/NBFC/Housing Finance.
- Minimum 5 years of leadership experience managing secured collections portfolios.
- Strong expertise in B3+, NPA management, legal recoveries, SARFAESI proceedings, repossession, and asset disposal.
- Proven experience handling secured asset portfolios and multi-location teams.
Skills
Secured CollectionsCollection ManagementDebt ManagementCollectionsDebtRegionalManagementCollectionsHome LoansHousing FinanceLendingIf a job posting appears fraudulent, asks for payment, contains misleading information, or violates our guidelines, please report it immediately. Our team will review it promptly, Jobaaj does not charge any fee from the applicants.
About Company
Au Small Finance Bank, established in 1996 as Au Financiers, transitioned into a full-fledged bank in 2017. With a focus on financial inclusion, Au Small Finance Bank offers a comprehensive suite of banking products and services tailored to meet the diverse needs of customers. The bank serves individuals, small and medium-sized enterprises (SMEs), and the unbanked and underbanked segments with innovative financial solutions. Au Small Finance Bank is committed to empowering communities through accessible banking, fostering economic growth and social development. Join Au Small Finance Bank to be a part of a dynamic team driving positive change and creating impactful banking experiences. Explore Au Small Finance Bank careers for exciting opportunities to thrive and make a difference in the banking industry.
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