Stressed Asset Manager

About Vivriti Group

Vivriti Group is a trailblazer in the mid-market lending space, offering customized debt solutions to mid-sized enterprises. The group operates through two core businesses:

1. Vivriti Capital Limited

   : A systematically important Non-Banking Financial Company (NBFC ND-SI) regulated by the Reserve Bank of India (RBI). Vivriti Capital has disbursed over USD 3 billion to 300+ enterprise borrowers and holds a CRISIL rating of A+.

2. Vivriti Asset Management

   : A fixed-income fund manager, managing multiple Alternative Investment Funds (AIFs). With over USD 550 million in commitments from 900+ institutional and private contributors, Vivriti AMC has invested more than USD 600 million across 90+ entities.

https://www.youtube.com/watch?v=5rGfHVlRX0A

Role Overview:

The Stressed Assets Manager will manage a portfolio of non-performing and stressed accounts and be responsible for strategizing, initiating, and executing recovery actions, including legal and out-of-court settlements. The role demands in-depth knowledge of recovery frameworks like IBC/NCLT, SARFAESI, and DRT.

Key Responsibilities:

Account Management & Resolution Strategy:

• Handle resolution of stressed accounts through:
• Discussion & closure with the borrower
• IBC (Insolvency & Bankruptcy Code) and NCLT processes
• One-Time Settlements (OTS) and direct negotiations
• Enforcement actions under SARFAESI and DRT proceedings
• Assess financial viability of borrowers and structure recovery plans accordingly.

Legal Proceedings & Documentation:

• Collaborate with legal counsel to initiate and monitor recovery proceedings.
• Draft and review legal notices, settlement documents, and affidavits for recovery cases.
• Represent the organization in NCLT/DRT hearings and manage coordination with external lawyers.

Stakeholder Management:

• Liaise with internal stakeholders (credit, legal, risk, finance) for a coordinated recovery approach.
• Maintain strong relationships with external legal firms, insolvency professionals, resolution agents, etc.

MIS & Governance:

• Maintain updated trackers and dashboards for all stressed cases and their progress.
• Ensure compliance with RBI guidelines, internal governance, and audit standards.

Key Competencies:

• Expertise in legal frameworks for recovery: IBC, NCLT, SARFAESI, DRT, Civil/Criminal Recovery
• Strong negotiation and conflict resolution skills
• High emotional intelligence to handle sensitive and high-stake situations
• Proficient in drafting legal documentation and recovery notices
• Analytical thinking and ability to manage multiple high-pressure accounts

Location:

Experience Required:

Educational Qualification:

• Graduate in Law/Commerce/Finance (mandatory)
• MBA (Finance) or LLB/LLM preferred or CA

Reports To: