NPA Resolution & Recovery- Bank-

V Konnect

3 - 8 years

4 - 12 Lacs

Mumbai Maharashtra India

Posted:4 days ago| Platform: Foundit logo

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Skills Required

NPA Resolution Recovery Financial Services ibc Credit Analysis

Work Mode

On-site

Job Type

Full Time

Job Description

Role & responsibilities

Managing Mid-Market and Emerging Large Corporates
Regular monitoring of borrower accounts / regular follow-ups and maintaining update on the developments in the respective borrower accounts.
Ability and required knowledge to advise borrowers in a turnaround situation with respect to liquidity concerns, undertaking viability study, develop sustainable business plans and getting involved in the rehabilitation package
Managing stressed assets involving interaction with the company, performance monitoring & benchmarking, adherence to stipulated terms, site visits, etc.
Monitoring exposures to enable proactive action whenever required. Review credit files, financials and security documentation and current status.
Designing and implementing suitable early warning triggers for allocated accounts. Closely monitoring allocated portfolio, reviewing operational and financial performance, monitoring monthly cash flows, tracking performance of economic cycles and applicable industries, which have a bearing on the respective assets etc.
Formulation of recovery strategy post factoring appropriate legal options

Technical Competencies

Knowledge of reading and understanding the financials of an entity, involving credit analysis.
Knowledge of various industries
Knowledge of RBI guidelines for stressed assets and restructuring
Reasonable knowledge of various legal forums and applicable laws, including IBC, SARFAESI, commercial suits, contract laws, etc
Satisfactory note making skills and good command over written and spoken communication

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