Head - Resolutions - Nbfc/ARC

Workoid consultants
  • Delhi, Gurgaon
  • Confidential
  • 10-16 years
  • 16 Oct 2015

  • Finance/ Accounts

  • NBFC
Job Description

Industry : NBFC

Department : India Operations

Nature of The role : Team Handling

Education : MBA / CA / Post Graduate

Experience : 10+ years Experience in Banking/ARC/NBFCs of 5+ years.

Principal Responsibilities :

- Formulate/finalize resolution plans for the financial assets and analyze the funding requirements, if any. 25%

- Coordinate and monitor resolution transactions (drive the resolution process, revival/restructuring of distressed units, supervise negotiations with borrowers/guarantors etc. and participate in critical negotiations) 20%

- Supervise unsecured debt collections and management of outsourced collection agencies 15%

- Participate in briefing senior counsels. Attend joint lender meetings, meeting with Official Liquidators, government/tax authorities etc. 15%

- Monitor revival/restructuring cases involving funding by company 10%

- Monitor and develop network of service providers like advocates, rating agencies, valuers, enforcement agents, security agencies, distress funds, NBFCs etc. 10%

- Manage and develop resolution team 5%

Technical Skills :

- Knowledge of loan agreements, security documents, title deeds etc. understanding of recovery litigations before DRT, DRAT, SARFAESI proceedings, winding up proceedings etc. Proficiency of financial statement analysis.

- Proficiency with Microsoft Word, Excel, Powerpoint, Outlook

Preferred Skills :

Analytical understanding of balance sheet, P& L, cash flows, understanding of legal process for acquisition of financial assets. Understanding of RBI guidelines for ARCs.

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