Director - Resolutions

GENERAL SUMMARY

Director Resolution is responsible for delivering recovery results from the acquired portfolios. The objective is to maximize recovery, in minimum time and cost.

He/she would lead the pan India Resolution team to drive collections efficiency/effectiveness. Another area of the responsibility would be to scale the partner network on a pan India basis to support business scale. Being a senior leader in the organization, he/she would be a part of core Senior leadership group which is responsible for driving company strategy. Since the person would come with lot of experience in the financial services business, he/she needs to support the acquisitions process as well to ensure that we buy right assets, at right price and at optimal time

PRINCIPAL RESPONSIBILITIES

- Formulate/finalize resolution plans for the financial assets and analyze the funding requirements, if any.

- Coordinate and monitor resolution transactions (drive the resolution process, revival/restructuring of distressed units, supervise negotiations with borrowers/guarantors etc. and participate in critical negotiations)

- Supervise unsecured debt collections and management of outsourced collection agencies

- Participate in briefing senior counsels. Attend joint lender meetings, meeting with Official Liquidators, government/tax authorities etc.

- Monitor revival/restructuring cases involving funding by company

- Monitor and develop network of service providers like advocates, rating agencies, valuers, enforcement agents, security agencies, distress funds, NBFCs etc.

- Manage and develop resolution team

- Technical Skills : Analysis of financial statements, techno economic feasibility/viability reports, knowledge of SARFAESI, functioning of DRTs/DRATs and Official Liquidators.

- Strong negotiation and analytical skills, transaction structuring, business and asset valuation, real estate valuation, understanding of E-auction process for distressed asset sale.