Senior Manager - Legal Recovery & Resolution - Secularization & Reconstruction Firm

Job Title : Senior Manager Resolution (Chennai), Legal Recovery and Resolution (ARC)

About Our Client :

- Our Client is registered under section 3 of the SARFAESI Act, 2002, as a Secularization and Reconstruction Company vide Certificate of Registration no. 006/2007 dated March 15, 2007, issued by the Reserve Bank of India was promoted in 2002 by professionals from the banking and financial services sector for reconstruction of financial assets. HDFC Bank Ltd., Tata Capital Ltd., City Union Bank Limited, FMO, Netherlands, ICICI Bank Ltd. and Standard Bank Plc. UK are the institutional shareholders.

Job Designation : Senior Manager Resolution

Number of Position(s) : 1

Qualification : LLB / MBA

Experience : 7 to 12 years

Location : Chennai

Role Description :

- Study details of stressed financial assets (loans, advances etc.) acquired by the company from banks or institutions and evolve the preferred strategy for the maximum recovery of the outstanding amounts in the optimum time frame by legal, quasi-legal, settlement or rehabilitation processes.

- Obtain the approval of the appropriate authority for the proposed strategy.

- Implement the approved resolution strategy and ensure recovery within the agreed parameters of time and value.

- Initiate, implement and monitor activities relating to Sarfaesi, Debt Recovery Tribunals, Winding Up and other legal proceedings including in appellate bodies.

- Closely work with the in house Legal Group for ensuring expeditious initiation and resolution of cases.

- Liaison with the Advocates, Official Liquidators, Receivers, Revenue Authorities and external Resolution Agencies

- Collate and submit MIS required for internal analysis and regulatory reporting.

Knowledge/Skills/Experience :

- Understanding of the sanction, monitoring and recovery of advances by banks and institutions in the SME and Corporate segments

- Practical exposure to the recovery of advances under the purview of SARFAESI Act including possession and sale of assets.

- Hands on experience in conducting recovery/rehabilitation proceedings through legal fora, including but not limited to DRT/DRAT, Company Law and BIFR/AAIFR.

- Negotiating skills for entering into settlements with borrowers and ensuring compliance with settlement terms.

Educational Background : LLM/LLB/MBA

Furnish following details in resume while applying :

Experience :

Current CTC :

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Kirthika Surthi
Phone: +91-22-25476846