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Recovery Officer- Coimbatore

2.00 to 7.00 Years   Coimbatore   03 Jul, 2021
Job LocationCoimbatore
EducationNot Mentioned
SalaryNot Disclosed
IndustryBanking / Financial Services
Functional AreaInvestment Banking / M&A
EmploymentTypeFull-time

Job Description

To Follow up & recover small ticket NPA accounts - ticket size up to Rs.50.00 Lacs.To achieve the recovery / up-gradation budgets if any allotted to him as part of his / her Key Responsible Area.To monitor retail / small value SMA accounts from migrating to NPA. Contain the SMA portfolio at the targetted levels.Achieve recovery maximization & contain stressed / SMA portfolio of the ARB and in turn of Coimbatore Zone.Liaise with the Branches, NPA Borrowers, and various external agencies like valuers, advocates, recovery agents etc. Conduct extensive branch/field visits for recovery maximization / organize Recovery Melas/Camps.Source & submit OTS proposals, communicate sanctions and follow up for closure on due dates.Contact/visit SMA borrowers for recovering the dues/regularisation of accounts.To ensure that appropriate recovery steps like filing of suit in civil court / DRT, SARFAESI action etc. are initiated in consultation with the Branch Head / Zonal Office / ARD etc. Assist the Authorised Officers in executing SARFAESI actions/steps.Prepare and submit restructuring proposals in viable cases and ensure implementation.Function as a liaison with the Zonal Office & ARD.HO - Ensure submission of various information/data called for in connection with recovery / various audits etc.

Keyskills :
finance

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