Posted By
Posted in
Banking & Finance
Job Code
445263
JOB DESCRIPTION :
The main objective of the Remedial Manager is to manage the Top 10 Crs plus of all products like INFRA, CF & SME. The candidate should be most efficient & professional manner to ensure judicious management of non-performing loans.
Main Responsibilities :
Protect the Company's assets in commercial and corporate/SME accounts. Closely monitor the facilities in order to prevent them from being overdue. Focus on the collection of overdue amounts in the facility accounts with a view toward's writing back the provisions.
Maximize working funds & profitability by recovering the maximum amount of delinquent debt & recovery of delinquent corporate debts.
Install an early detection mechanism for delinquent accounts & furnish timely information to all concerned departments.
Liaise with external & internal lawyers and follow on a pro-active basis to ensure expeditious resolution of legal cases and quick filing of legal action.
Analyze financial statements, review cash flows & all other financial data provided by delinquent corporate borrowers; prepare proposals for the Risk & Credit Committees.
Provide periodical & timely information on corporate delinquent debt; prepare position reviews, & working sheets and quarterly NPA monitoring.
Review the Audit Comments on Classified accounts and take pro-active action to prevent further deterioration and improve asset quality and recovery prospects.
Co-ordinate with Real Estate Agents for expeditious foreclosure of mortgaged property.
Train staff in financial statement analysis & handling of corporate delinquent debt.
Regularly brief Collection Head every Week on recoveries and status of legal cases.
Didn’t find the job appropriate? Report this Job
Posted By
Posted in
Banking & Finance
Job Code
445263