Job Description
Job Description :
Job Responsibilities(JR) : 6 8 Areas Actionable (4-6)Managing the portfolio of the NPA accounts Interaction with Business & Credit team to take-over the NPA case Obtaining the loan and other documents, scrutiny of these document etc., to initiate the legal action Interaction with defaulter to try & negotiate the settlementInitiating & managing the legal action towards recovery of dues Filing recovery suits/ civil suit / arbitration, etc.
Follow-up and comply entire debt adjudication process to obtain decree in favor of the Bank. Attending DRT / Civil Court / High Court etc. for critical matters, along with Advocates Execution of Recovery Certificates/ Decree/ order etc. with DRT, Courts, etc. Filing of Criminal Complaints u/s 138 of Negotiable Instruments Act for bounced cheques.
Manage the customer complaints Conducting SARFAESI process As an Authorized Officer of the Bank, to conduct the entire SARFAESI process diligently including notice, symbolic and physical possession and sale subsequent to possession To address any objection raised on SARFAESI proceedings by borrower To file for Section 14 orders and seek police protection for physical possessionCompliances Tracking of legal case progress, attending the same when hearing is scheduled and updating Court Cases Portal on regular basis.
Updating the seniors in DFSO, Business & Credit by way of Label Credit Review (LCR) Providing data / information related to recovery, expected recovery, legal issues (if any) etc., for various internal & external teams like senior management, business, credit etc.
Skills Ability to work under adverse environment Knowledge of SARFAESI, Sec 138 and recovery regulations is preferred Knowledge of MS office, Excel etc.
Perseverance
Job Responsibilities(JR) : 6 8 Areas Actionable (4-6)Managing the portfolio of the NPA accounts Interaction with Business & Credit team to take-over the NPA case Obtaining the loan and other documents, scrutiny of these document etc., to initiate the legal action Interaction with defaulter to try & negotiate the settlementInitiating & managing the legal action towards recovery of dues Filing recovery suits/ civil suit / arbitration, etc.
Follow-up and comply entire debt adjudication process to obtain decree in favor of the Bank. Attending DRT / Civil Court / High Court etc. for critical matters, along with Advocates Execution of Recovery Certificates/ Decree/ order etc. with DRT, Courts, etc. Filing of Criminal Complaints u/s 138 of Negotiable Instruments Act for bounced cheques.
Manage the customer complaints Conducting SARFAESI process As an Authorized Officer of the Bank, to conduct the entire SARFAESI process diligently including notice, symbolic and physical possession and sale subsequent to possession To address any objection raised on SARFAESI proceedings by borrower To file for Section 14 orders and seek police protection for physical possessionCompliances Tracking of legal case progress, attending the same when hearing is scheduled and updating Court Cases Portal on regular basis.
Updating the seniors in DFSO, Business & Credit by way of Label Credit Review (LCR) Providing data / information related to recovery, expected recovery, legal issues (if any) etc., for various internal & external teams like senior management, business, credit etc.
Skills Ability to work under adverse environment Knowledge of SARFAESI, Sec 138 and recovery regulations is preferred Knowledge of MS office, Excel etc.
Perseverance
💡 Quick Summary
Seeking a career-building opportunity? The Recovery Mgr|Department for Special Ops position is now open for candidates interested in the Bank Jobs sector. This role in New Delhi offers a professional environment and growth potential.
Requirement Snapshot: Candidates should possess basic communication skills, a proactive attitude, and the ability to work in a team. Experience in Bank Jobs is a plus.
