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Job Id: 546
Job Title: Head – Distress Asset Resolution
Industry: Banking, Financial Servcies & Insurance
Functional Area: Legal / Law
Salary: 40 Lac - 50 Lac
Job Location: Mumbai
About the Client

The company is India's Leading Non Banking Finance Company (NBFC) operating in Wholesale & SME Lending.

As part of the business activities,the company is predominantly focused into Asset Financing and Lending business. The Wholesale Lending Business segment provides specialized and holistic solutions to Indian corporates helping them build and grow their businesses with initial funding, mezzanine financing, acquisition financing etc. They focus on products in the structured credit space backed by adequate collaterals and cash flows to build a secured and quality wholesale lending portfolio.

Job Description

1. Handling of the provisional NPA and declared NPA accounts, covering the entire SME portfolio.
2. Minimising slippage of Performing assets to NPA status
3. Ensuring restructuring of viable stressed accounts [including Corporate Debt Restructuring (CDR) cases]
4. Working out One Time Settlements/ transferring stressed cases to Asset Reconstruction companies
5. Negotiations with Assets Reconstruction Companies for Assignment of Debts
6. Extensive negotiation with clients on interest rates, minimisation of sacrifices in restructuring / One Time Settlement proposals, etc.
7. Resolution of NPAs through various mode i.e. initiation of SARFAESI Action, other proceedings
8. Conducting meeting with advocates and council, decide the path of recovery and accordingly initiate the course of action.
9. Coordination with various departments for RBI Audit and Statutory Audit related issue.
10. Coordination with branches/ office spread across the country for management/monitoring of probable NPA's.

Desired Candidate Profile

10+ years of experienc ein Corporate Debt resolution

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