Kotak Mahindra Bank—Field Executive-RELATIONSHIP BANKING GROUP-RA-Risk Control Unit

Job description

Description: Job Description (JD) for Recovery Executive in the Relationship Banking Group - Recovery Function Job Title: Recovery Executive – Relationship Banking Group (RBG) Recovery Function Department: Commercial Banking Reporting To: Recovery Manager / Relationship Manager Job Purpose: To manage and execute recovery strategies for delinquent and non-performing assets within the Relationship Banking Group portfolio, ensuring timely resolution, minimizing losses, and maintaining regulatory compliance. Key Responsibilities: - Track and manage overdue accounts and initiate recovery action for delinquent commercial banking customers. - Liaise with relationship managers and legal teams to plan and execute recovery strategies for stressed assets. - Conduct follow-ups with borrowers for repayment through calls, visits, and formal communication. - Negotiate and structure repayment plans, settlements, or restructuring in line with bank policies. - Initiate and monitor legal recovery proceedings (e.g., SARFAESI, DRT, civil suits) where necessary. - Maintain detailed documentation and MIS related to recovery efforts, court proceedings, and repayment schedules. - Monitor and report progress of recovery cases to senior management with recommendations for further action. - Ensure compliance with all internal policies and external regulatory requirements related to loan recovery. Key Skills & Competencies: - Strong knowledge of commercial banking products and credit processes. - Understanding of legal recovery procedures and applicable banking laws (e.g., SARFAESI, IBC). - Negotiation and persuasion skills to deal with defaulting clients. - Analytical ability to assess repayment capacity and financial restructuring options. - Good communication and interpersonal skills. - Proficiency in MS Office and banking systems. Qualifications & Experience: - Graduate/Postgraduate in Commerce, Finance, Law, or related field. - 2–5 years of experience in credit recovery, collections, or commercial banking operations. Experience in handling legal recovery cases is preferred.