Job Opportunities in India
October 18, 2024
Asrec India Ltd
FULL TIME & OTHER
Retail Recovery Officer
Retail Recovery:
- Resolution of stressed and special situation assets which involves business analysis, study of company's potential & industry risk & prospects, business and financial restructuring, etc.
- Design and implement suitable early warning triggers for flagging problem accounts. Closely monitoring of allocated portfolio of stressed assets, regular review of operational and financial performance, monthly cash flows, tracking performance of various industries which have a bearing on the respective assets etc.
- Focused on improving asset quality and closely monitoring critical exposures to enable proactive action whenever required. Review credit files, financials and security documentation to identify causes of problems and current status.
- Advising companies in a turnaround situation with respect to liquidity concerns, undertaking viability study, develop sustainable business plans and getting involved in the rehabilitation package.
- Management of stressed assets involving interaction with top management of the restructured company, performance monitoring & benchmarking, adherence to terms of restructuring - including visits to all material places of the business - to negotiate the implementation of work outs.
- Handling projects which have run into problems, undertaking M&A activities, change of management, induction of strategic investor, divestments / sale of assets and investments.
- The role also involves emphasize on value realization from the portfolio of SRs acquired through sale of assets to ARCs. This is being achieved through appropriate deal structuring and creating investor interest in these assets.
- Be a corporate relationship manager and provide comprehensive banking solutions and services to clients and their investee companies, if any.
Key Skills required:
- Strong credit analytics and experience in handling stressed assets / company.
- Well versed with execution and supervising of restructuring assignments.
- Through knowledge of IBC, relevant RBI and other guidelines for stressed assets.
Job Types: Full-time, Permanent
Pay: From ₹500,000.00 per year
Benefits:
- Resolution of stressed and special situation assets which involves business analysis, study of company's potential & industry risk & prospects, business and financial restructuring, etc.
- Design and implement suitable early warning triggers for flagging problem accounts. Closely monitoring of allocated portfolio of stressed assets, regular review of operational and financial performance, monthly cash flows, tracking performance of various industries which have a bearing on the respective assets etc.
- Focused on improving asset quality and closely monitoring critical exposures to enable proactive action whenever required. Review credit files, financials and security documentation to identify causes of problems and current status.
- Advising companies in a turnaround situation with respect to liquidity concerns, undertaking viability study, develop sustainable business plans and getting involved in the rehabilitation package.
- Management of stressed assets involving interaction with top management of the restructured company, performance monitoring & benchmarking, adherence to terms of restructuring - including visits to all material places of the business - to negotiate the implementation of work outs.
- Handling projects which have run into problems, undertaking M&A activities, change of management, induction of strategic investor, divestments / sale of assets and investments.
- The role also involves emphasize on value realization from the portfolio of SRs acquired through sale of assets to ARCs. This is being achieved through appropriate deal structuring and creating investor interest in these assets.
- Be a corporate relationship manager and provide comprehensive banking solutions and services to clients and their investee companies, if any.
Key Skills required:
- Strong credit analytics and experience in handling stressed assets / company.
- Well versed with execution and supervising of restructuring assignments.
- Through knowledge of IBC, relevant RBI and other guidelines for stressed assets.
Job Types: Full-time, Permanent
Pay: From ₹500,000.00 per year
Benefits:
- Health insurance
- Leave encashment
- Life insurance
- Paid time off
- Monday to Friday
- Performance bonus
- Yearly bonus
- Stressed Assets company: 2 years (Required)
- DRT/DRAT: 2 years (Required)
- initiating action under SARFAESI Act: 2 years (Required)
- Andheri, Mumbai, Maharashtra (Required)
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