Regional Manager Recovery Home Loan Thane Mumbai

Year    Thane, Maharashtra, India

Job Description


  • Will be responsible for managing the Hard Bucket Recovery of delinquent and non-performing loans within the region, while ensuring compliance with all applicable laws and regulations i.e. Bucket 2+
  • The role involves developing and implementing strategies to minimize loan losses which includes Recovery through Negotiation and Recovery through Legal.
  • Ensure fully utilization and execution of legal tools such as Section 14 of SARFAESI Act Orders by taking physical possession of the mortgaged property and with a successful auction in case borrower fails to pay.
  • To work with internal and external stakeholders to ensure successful resolution of delinquent loans to achieve recovery objectives.
  • Ensure coordinating with legal department for effective and timely filing of legal cases.
  • Ensure compliance with all applicable laws and regulations.
  • Manage a team of recovery specialists and provide guidance and support as needed.
  • Travelling to all the locations within the region on required basis to review the performance of each field location.
  • Ensuring smooth execution of the various strategies/drives planned by HO for day to day performance improvement. Designing ground level plans for executing the team strategies.
  • Periodic monitoring of the field capacity as per the Avg. Collection Ratio (ACR)
  • Recommending for initiation of appropriate legal actions in chronic default cases in the region with co-ordination with the Regional legal managers.
Monitoring the daily productivity MIS & shared with the higher management along with the analysis for the region

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Job Detail

  • Job Id
    JD3632602
  • Industry
    Not mentioned
  • Total Positions
    1
  • Job Type:
    Full Time
  • Salary:
    Not mentioned
  • Employment Status
    Permanent
  • Job Location
    Thane, Maharashtra, India
  • Education
    Not mentioned
  • Experience
    Year