Regional Manager Recovery Home Loan -Thane Mumbai

Job Description:

• 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