Liquidation will be the key responsibility of the immovable assets which are in stock, ensuring compliance with SARFAESI Act and rules and company policies. This role involves working closely with internal teams as well as external vendors to facilitate productive and effective asset recovery processes and a keen understanding of the liquidation process. He should have the exposure in handling local tehsil/ registry offices. He should be capable in managing and empaneling vendors who are involved in such activities.
Role & responsibilities
Liquidation Management:
- Manage the liquidation process specifically immovable Assets as per SARFAESI provision of repossessed assets, including valuation, marketing, and sale.
- Co-ordinate and Empanel auction houses, dealers, and other vendors to facilitate the sale of assets.
- Ensuring ways to find out end users for possessed assets.
Client Interaction:
- Communicate effectively with clients along with the Collections team for seamless liquidation of assets.
- Negotiate settlements and payment plans wherever appropriate.
Documentation and Compliance:
- Maintain accurate and up-to-date records of all repossession and liquidation activities.
- Ensure compliance in accordance with laws and regulations governing asset recovery and liquidation.
Reporting and Analysis:
- Prepare regular reports on repossession and liquidation activities, including financial performance and asset status.
- Analyze data to identify trends and improve recovery strategies.
Team Collaboration:
- Collaborate with legal, finance, and collections teams to ensure smooth operations and communication. Participate in team meetings to discuss strategies and performance improvements.
EDUCATIONAL QUALIFICATIONS:
- MBA
RELEVANT EXPERIENCE:
- Min 10 years relevant experience