Collection Manager - NPA & Write off Recovery - Housing - Collections - Mumbai - AFL House - JM

Job Description

11433

Achieve assigned recovery & & reversal budgets by timely and effectively complying process guidelines.

1. Maximize recovery from assigned NPA & written off portfolio through closures, settlement and disposal of collateral.
2. Ensure timely initiation and execution of legal tool such as
a) Warrants execution under Section -138/ Section -25,
b) 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.
3. Ensure support and facilitate disposal of properties in coordination with Disposal team.
4. Ensure trail/feedback should be manage in M collect and delinquency file.
5. Take adequate steps to ensure collection of receipts (digital modes) and deposition of customer's payment in respective accounts within timeline.
6. Timely liquidation of possessed properties building investors network and utilization of digital platform for smooth and profitable disposal transactions.
7. Facilitation in 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 legal team.
8. Collaborate with Collaborate with X bucket team members and other functions for obtaining support in resolving written off accounts.
9. Coordinate and Management of Vendors / In-house team members in terms of driving maximum resolution from assigned portfolio.
10. Coordinate with Central Debt team for smooth Vendor bills clearance.
11. Utilization of available Data analytics to formulate strategy on treatment of assigned portfolio.

Qualification - Graduate