Overview
About Vivriti Group:
– Vivriti Group is a trailblazer in the mid-market lending space, offering customized debt solutions to mid-sized enterprises.
The group operates through two core businesses:.
– Vivriti Capital Limited: A systematically important Non-Banking Financial Company (NBFC ND-SI) regulated by the Reserve Bank of India (RBI).
– Vivriti Capital has disbursed over USD 3 billion to 300+ enterprise borrowers and holds a CRISIL rating of A+.
– Vivriti Asset Management: A fixed-income fund manager, managing multiple Alternative Investment Funds (AIFs).
– With over USD 550 million in commitments from 900+ institutional and private contributors, Vivriti AMC has invested more than USD 600 million across 90+ entities.
Role Overview:
– The Stressed Assets Manager will manage a portfolio of non-performing and stressed accounts and be responsible for strategizing, initiating, and executing recovery actions, including legal and out-of-court settlements.
– The role demands in-depth knowledge of recovery frameworks like IBC/NCLT, SARFAESI, and DRT.
Key Responsibilities:
Account Management & Resolution Strategy
– Handle resolution of stressed accounts through
– Discussion & closure with the borrower.
– IBC (Insolvency & Bankruptcy Code) and NCLT processes.
– One-Time Settlements (OTS) and direct negotiations.
– Enforcement actions under SARFAESI and DRT proceedings.
– Assess financial viability of borrowers and structure recovery plans accordingly.
– Legal Proceedings & Documentation:.
– Collaborate with legal counsel to initiate and monitor recovery proceedings.
– Draft and review legal notices, settlement documents, and affidavits for recovery cases.
– Represent the organization in NCLT/DRT hearings and manage coordination with external lawyers.
Stakeholder Management:
– Liaise with internal stakeholders (credit, legal, risk, finance) for a coordinated recovery approach.
-Maintain strong relationships with external legal firms, insolvency professionals, resolution agents, etc.
MIS & Governance:
– Maintain updated trackers and dashboards for all stressed cases and their progress.
– Ensure compliance with RBI guidelines, internal governance, and audit standards.
Key Competencies:
– Expertise in legal frameworks for recovery: IBC, NCLT, SARFAESI, DRT, Civil/Criminal Recovery.
– Strong negotiation and conflict resolution skills.
– High emotional intelligence to handle sensitive and high-stake situations.
– Proficient in drafting legal documentation and recovery notices.
– Analytical thinking and ability to manage multiple high-pressure accounts.
Location: Chennai / Mumbai.
Experience Required: 5-10 years.
Educational Qualification:.
– Graduate in Law/Commerce/Finance (mandatory).
– MBA (Finance) or LLB/LLM preferred or CA.
– Reports To: Head – Collections & Stressed Assets.