Recovery Officer| Mumbai

Reposted 3 Days Ago
Be an Early Applicant
Mumbai, Maharashtra, IND
In-Office
Mid level
Fintech • Software • Financial Services
The Role
Manage day-to-day recovery department operations including NPA follow-up with branches and borrowers; process and submit OTS, compromise, write-off and suit sanction proposals; handle revenue recovery proceedings, empanelment of recovery agents, NPA data updates, statutory audit support, reporting to credit bureaus and regulators, and prepare MIS and board/committee notes on wilful/non-cooperative defaulters.
Summary Generated by Built In

Managing the day to day working of the recovery department / attending to routine duties etc.

Responsibilities

NPA follow up with branches / offices and borrowers.
Attending to / replying to branch mails seeking advise / clarifications.
Processing and submitting Compromise / OTS proposals to the appropriate sanctioning authority / communicating sanctions / collect & submit data relating to OTS by way of office notes periodically to various authorities.
Processing and submitting write of proposals to appropriate sanctioning authority.
Administrative functions with respect to Revenue Recovery proceedings for recovery.
Processing suit sanction proposals & communicating approvals to branches.
Empanelment of Recovery Agent / annual renewal.
NPA - data processing / updation / attending to quarterly statutory audit work.
Reporting of default to Credit Information Companies.
Submission of data / replies to RBS - Risk Based Supervision.
Preparation of various office notes including wilfuld default / non-cooperative borrowers identification and submission of the notes to board / other committees / authorities.
Collection of various data / information regarding NPA borrowers from branches / offices for reporting / providing MIS to the management.

Qualifications

Experience Range : 2 to 5 Years

Qualifications : 
Graduate (Any Specialisation)




Skills Required

  • 2 to 5 years of experience
  • Graduate (Any Specialisation)
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The Company
HQ: Thrissur, Kerala
5,753 Employees
Year Founded: 1920

What We Do

CSB is a full service bank established in 1920 and headquartered in Thrissur, Kerala. CSB has over 703 branches covering not just the district headquarters and large towns but also semi-urban and rural centers. Thanks to its unique origin and history, CSB is considered a household banking brand in Kerala. CSB offers Retail, Wholesale and SME Banking services through its footprint of over 703 branches across the country serving over 2 million customers.

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