Recovery Executive at Kotak Mahindra Bank Limited: Apply Now!

About Kotak Mahindra Bank

Kotak Mahindra Bank is one of India's leading private sector banks, offering a wide range of banking and financial services across retail, corporate, and commercial banking segments.

About the Job Position

Kotak Mahindra Bank is hiring a Recovery Executive for its Relationship Banking Group – Recovery Function. The role involves managing delinquent accounts, coordinating recovery efforts, handling legal recovery proceedings, and ensuring compliance with banking regulations and internal policies.

Eligibility

• Graduate or Postgraduate in: Commerce, Finance, Law, Related Discipline
• Strong understanding of commercial banking products and credit processes.
• Knowledge of legal recovery procedures and banking laws.
• Good negotiation, communication, and interpersonal skills.
• Proficiency in MS Office and banking systems.

Experience

Preferred Experience:

• Credit recovery and collections.
• Commercial banking operations.
• Handling legal recovery matters.

Responsibilities

• Track and manage overdue accounts and initiate recovery action for delinquent commercial banking customers.
• Liaise with relationship managers and legal teams to plan and execute recovery strategies for stressed assets.
• Conduct follow-ups with borrowers for repayment through calls, visits, and formal communication.
• Negotiate and structure repayment plans, settlements, or restructuring in line with bank policies.
• Initiate and monitor legal recovery proceedings (e.g., SARFAESI, DRT, civil suits) where necessary.
• Maintain detailed documentation and MIS related to recovery efforts, court proceedings, and repayment schedules.
• Monitor and report progress of recovery cases to senior management with recommendations for further action.
• Ensure compliance with all internal policies and external regulatory requirements related to loan recovery.

Key Skills Required

• Credit Recovery and Collections
• Negotiation and Persuasion
• Commercial Banking Operations
• Legal Recovery Management
• Documentation and MIS Reporting
• Stakeholder Coordination
• Analytical and Problem-Solving Skills

Legal and Regulatory Exposure

Candidates should have an understanding of:

• SARFAESI Act
• Insolvency and Bankruptcy Code
• Debt Recovery Procedures
• Commercial Banking Regulations

Location

Moradabad, Uttar Pradesh

Application Procedure

Click Here To Apply. The Official Notification is here.