Omkara Assets Reconstruction co. private Ltd is a leading Asset Reconstruction Company in India. Job Summary: The Resolution Manager will be responsible for effective resolution strategies and managing the resolution of delinquent accounts. This role requires a strategic thinker with strong leadership skills and a deep understanding of the ARC sector. Key Responsibilities: 1. To develop, formulate and implement effective resolution strategies for financial assets, acquired by the ARC and meet the targeted recovery, fees and redemption. 2. Monitor the collections portfolio, analyse trends, and implement corrective actions to improve collection efficiency. 3. Engage with borrowers for expeditious resolution of the accounts as per the applicable norms/laws and regulatory guidelines. Ensure all collection activities comply and adhere with relevant regulations, company policies, and industry best practices. 4. Collaborate with the legal team and manage cases through timely legal intervention including initiation, representation and follow up at all forums (DRT, Courts, NCLT, etc) and legal proceedings. Take proactive steps to ensure a proper defence mechanism to protect the interests of the ARC 5. Timely submit notes for resolution, management and maintenance of financial assets (Resolution, compliance, insurance, Valuation, Costs and expenses, provision, write off, planning, budget, projections etc). These shall also include the relationship management and frequent reporting to Investors and SR holder 6. Prepare MIS and present regular reports on resolution activities, performance metrics, and recovery rates to senior management. 7. Identify opportunities for process improvements and implement changes to enhance the efficiency and effectiveness of the Resolution function. Qualifications and Skills: - Education: Bachelor's degree in Finance, Business Administration, law or a related field. A Master's degree or professional certification (e.g., CA, CFA) is a plus. - Experience: Minimum of 5-6 years of experience in collections and resolutions, preferably within the ARC, NBFC or financial services industry. - Leadership: Proven experience in managing and leading a team of collection professionals. - Analytical Skills: Strong analytical and problem-solving skills with the ability to interpret data and make data-driven decisions. - Communication: Excellent verbal and written communication skills with the ability to negotiate and influence outcomes. - Regulatory Knowledge: In-depth knowledge of relevant laws, regulations, and compliance requirements in the ARC sector. - Customer Focus: Strong customer service orientation with the ability to handle sensitive situations professionally and empathetically. Benefits: - Competitive salary and performance-based incentives. - Health and wellness benefits. - Professional development opportunities. - A supportive and collaborative work environment.

Mumbai

Omkara Assets Reconstruction - Resolution Specialist 

Job Description for Omkara Assets Reconstruction - Resolution Specialist  in Omkara Assets Reconstruction P in  Mumbai for (4-12) years of experience. Apply Now!