Stressed Asset Manager

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.

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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