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 throughDiscussion & 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.(ref : iimjobs.com)