Hero FinCorp - Lead/Senior Associate - Stress Assets

Coordinating & communicating with clients as well as all internal communication. Regular monitoring of borrower accounts / regular follow-ups and maintaining an update on the developments in the respective borrower accounts.

- Initiating legal action under recovery laws (SARFAESI / DRT / NCLT/ S.138 / Arbitration / Settlements etc). Liaison with the legal team and external law firms.

- Resolution of NPL cases. Preparing resolution proposals & scrutinizing relevant documents (financial and security documents) before proposing/seeking approval from competent authority. Should have experience in asset monetisation.

- Ensuring that resolution strategies are in compliance with organizational and regulatory guidelines.

- Liaison with other departments (Risk/Credit/Legal/Compliance) as per the requirements

- Coordinate with various departments and Head Office for SAM MIS, for internal as well as external reporting. Resolving queries of the internal, concurrent as well as RBI auditors.

- Adhere to the internal and regulatory risk management guidelines. Take control of all reporting requirements internal as well external.

- Develop Recovery Plan for accounts in the portfolio. Heighten portfolio monitoring to preserve the quality of our assets on a continuous basis.

- Ensure reviews are completed prior to due date and are error free.

- Interact and follow up with clients on required information and clarifications.