Position : Head - Structured Products Group Designation : Business Head Grade CS2 (Senior VP or above) Business Unit SREI Location Kolkata Reports to Chief Recovery Officer Team Size Grow a team of 25 Job Objective - Responsible for implementing strategies for effective collections and recovery of overdue payments from customers in stressed Strategic accounts (critical NPA) to maximize overall profitability of Structured Product Group (SPG) - Responsible for creating structured innovative solutions for stressed strategic accounts to fill the asset-liability gap Key Responsibilities Accountability - Ensure formation and implementation of collection and recovery in Strategic business with focus on critical NPA cases by creating innovative financial solutions customised for the clients in SPG - Manage the collection and recovery portfolio in identified stressed accounts with focus on critical NPA cases - Facilitate loss claim recovery from the critical identified accounts in SPG - Continuously monitor billing vs. collection status and ensure closure of critical NPA cases in SPG - Facilitate repossession of assets in case of absolute failure to recover the loan Risk, Process &amp; Compliance - Review all MIS reports on number of cases, current portfolio size, security deposition etc. of critical NPA cases and strategize collections and recovery based on the information - Undertake necessary actions in coordination with the legal department for cases that need to be restructured and for cases that can be recovered through legal intervention Accountabilities People - Manage team through the establishment of goal setting and targets along with periodic reviews to achieve the objectives of the function - Ensure effective career and succession planning for all team members in the function - Ensure adequate training of team members to be able to handle market dynamics and meet the requirements of the customers - Provide guidance, counselling and feedback to subordinates on their performance to ensure a motivated and committed team Any other additional responsibility could be assigned to the role holder from time to time as a standalone project or regular work. Qualification: CA + (Master in Business Administration - Finance/ LLB) Experience Minimum 15-17 years of experience in banking or financial institutions, with minimum 5 years of experience with strategic high Net Worth clients Certification / Knowledge Credit, Recovery Skills, Legal Overview, Negotiation Skills

Kolkata

Business Head - Structured Product Group/NPA Resolution 

Business Head - Structured Product Group/NPA Resolution  ,Job Description for Business Head - Structured Product Group/NPA Resolution  in Armour Corporate Services in  Kolkata for (18-25) years of experience. Apply Now!

Job Description for Business Head - Structured Product Group/NPA Resolution  in Armour Corporate Services in  Kolkata for (18-25) years of experience. Apply Now!