Posted By
Job Views:
114
114
Applications: 39
Recruiter Actions: 7
Posted in
Banking & Finance
Job Code
1645957
National Recovery Manager
Posted 4 days ago
Posted 4 days ago
4.7
13+ Reviews
National Recovery Manager
Description: We are presently hiring for the role of National Recovery manager for one of the leading bank in Kolkata location.
Experience: - 20 + Years experience in Collections/Recovery in Banks
Job details: -
The National Recovery Manager (NRM) is responsible for leading and executing strategies to optimize recoveries from Special Mention Accounts (SMA-2) and Non-Performing Assets (NPAs). The role focuses on minimizing slippage, maximizing recoveries and write-off collections, and improving overall portfolio health. The NRM will ensure team productivity, regulatory compliance, legal coordination, and effective stakeholder communication while driving performance through structured campaigns, monitoring, and targeted interventions.
Key Responsibilities:
Portfolio Oversight & Performance Management
- Ensure month-on-month consistency in reducing slippage and improving SMA-2 efficiencies
- Monitor and drive NPA and write-off recoveries in line with budgeted targets
- Track and enhance productivity across staff and agencies
- Allocate and monitor portfolio distribution agency-wise and staff-wise
Strategic Execution & Reporting
- Launch and monitor collection campaigns
- Prepare and submit timely reports to internal and external stakeholders, including Audit, Compliance, Finance & Accounts, Strategy, the Board, and Regulatory Authorities
- Support in planning manpower needs and oversee recruitment, training, and performance of staff
- Aligned with Business and understanding the Operations, Product specifications, and cost levers to drive it in the market
Legal & Compliance
- Validate and initiate legal actions on delinquent accounts
- Prepare and review One-Time Settlement (OTS) data for approval and reporting
- Ensure legal data readiness and involvement in legal proceedings as necessary
Operational Leadership
- Empanel and manage recovery agencies, including payout management
- Conduct regular field visits, performance reviews, and implement corrective actions
- Identify process gaps and drive mitigation strategies
Stakeholder Management
- Liaise with cross-functional teams including Business, Legal, IT, HR, Strategy, and Operations
- Address customer complaints and fraud cases, ensuring prompt resolution and reporting
Team Supervision
- Monitor the activities of Area Collection Managers, Cluster Collection Managers, Regional Collections Managers and Collection Managers.
- Drive staff engagement and ensure alignment with organizational recovery goals
Grade- Up to VP
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Posted By
Job Views:
114
114
Applications: 39
Recruiter Actions: 7
Posted in
Banking & Finance
Job Code
1645957
