Job Description
Key Responsibilities
Asset Recovery
- Identify, track, and recover assets secured by collateral to settle defaulted loans.
- Perform asset inventory checks and ensureaccuratedocumentation of all assets involved in the recovery process.
- Coordinate and oversee the execution of asset recovery plans to maximize the value of recovered assets.
- Negotiate with borrowers tofacilitatevoluntary asset turnover, where possible, to avoid further legal action.
Legal Coordination
- Work closely with legal advisors toinitiateand manage legal actions related to asset recovery, including foreclosure, repossession, or other processesin accordance withthe loan agreement.
- Ensure that all asset recovery actions are legally compliant with applicable laws and company policies.
- Maintain proper documentation of all legal actions, communications, and outcomes related to asset recovery.
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