Remedial Manager - Infra/Corporate Finance/SME - BFSI

JOB DESCRIPTION :

The main objective of the Remedial Manager is to manage the Top 10 Crs plus of all products like INFRA, CF & SME. The candidate should be most efficient & professional manner to ensure judicious management of non-performing loans.

Main Responsibilities :

Protect the Company's assets in commercial and corporate/SME accounts. Closely monitor the facilities in order to prevent them from being overdue. Focus on the collection of overdue amounts in the facility accounts with a view toward's writing back the provisions.

Maximize working funds & profitability by recovering the maximum amount of delinquent debt & recovery of delinquent corporate debts.

Install an early detection mechanism for delinquent accounts & furnish timely information to all concerned departments.

Liaise with external & internal lawyers and follow on a pro-active basis to ensure expeditious resolution of legal cases and quick filing of legal action.

Analyze financial statements, review cash flows & all other financial data provided by delinquent corporate borrowers; prepare proposals for the Risk & Credit Committees.

Provide periodical & timely information on corporate delinquent debt; prepare position reviews, & working sheets and quarterly NPA monitoring.

Review the Audit Comments on Classified accounts and take pro-active action to prevent further deterioration and improve asset quality and recovery prospects.

Co-ordinate with Real Estate Agents for expeditious foreclosure of mortgaged property.

Train staff in financial statement analysis & handling of corporate delinquent debt.

Regularly brief Collection Head every Week on recoveries and status of legal cases.