Regional Manager Recovery Home Loan -Thane Mumbai

Job Description

Role & responsibilities Will be responsible for managing the Hard Bucket Recovery of delinquent and non-performing loans within the region, while ensuring compliance with all applicable laws and regulations i.e. Bucket 2+ The role involves developing and implementing strategies to minimize loan losses which includes Recovery through Negotiation and Recovery through Legal. Ensure fully utilization and execution of legal tools such as Section 14 of SARFAESI Act Orders by taking physical possession of the mortgaged property and with a successful auction in case borrower fails to pay. To work with internal and external stakeholders to ensure successful resolution of delinquent loans to achieve recovery objectives. Ensure coordinating with legal department for effective and timely filing of legal cases. Ensure compliance with all applicable laws and regulations. Manage a team of recovery specialists and provide guidance and support as needed. Travelling to all the locations within the region on required basis to review the performance of each field location. Ensuring smooth execution of the various strategies/drives planned by HO for day to day performance improvement. Designing ground level plans for executing the team strategies. Periodic monitoring of the field capacity as per the Avg. Collection Ratio (ACR) Recommending for initiation of appropriate legal actions in chronic default cases in the region with co-ordination with the Regional legal managers. Monitoring the daily productivity MIS & shared with the higher management along with the analysis for the region Preferred candidate profile Perks and benefits