Team Head, Recovery

Key Responsibilities:

• Lead and manage the recovery team to achieve key performance indicators including reducing newly classified NPLs and maximizing recoveries on existing NPL.
• Oversee the repossession process for collateral, such as vehicles and properties, ensuring all actions are conducted in compliance with company policies and regulations.
• Strategically manage the sale of repossessed assets to achieve maximum recovery value.
• Develop and implement strategies to reduce charge-offs and improve recovery rates.
• Monitor and analyze team performance, identifying areas for improvement and implementing appropriate action plans.
• Prepare and present regular reports to senior management on team performance, recovery trends, and key operational metrics.
• Establish and maintain productivity tracking systems to measure individual and team performance, identifying areas for improvement and implementing corrective actions.

Key Requirements:

• Bachelor's degree in finance or related field.
• At least 10 years of experience in recovery operations, preferably in auto loans and mortgages.
• Proven leadership experience with a track record of managing high-performing teams.
• Strong knowledge of repossession and collateral management processes.
• Expertise in productivity tracking and data-driven performance optimization.
• Familiarity with banking regulations and compliance requirements related to loan recovery.

Please note that only shortlisted candidates will be notified.