Collections Manager-Asset Disposal-Loan Against Property-Collection

Asset Disposal Manager - Repossessed Properties

Role Summary

The Asset Disposal Manager will be responsible for managing the end-to-end disposal process of repossessed assets, including land parcels, commercial units, and residential properties. The role requires strong market knowledge, negotiation skills, and the ability to drive timely and value-maximizing recoveries.

Key Responsibilities

End-to-End Disposal Process: Lead the complete disposal lifecycle-from asset takeover to final sale closure-for repossessed properties.

Valuation & Market Assessment:

Coordinate property valuations, assess market demand, and determine optimal pricing strategies.

Stakeholder Management:

Liaise with legal teams, recovery units, local authorities, brokers, valuers, and potential buyers to ensure smooth transactions.

Marketing & Sales Execution:

Develop and execute marketing strategies (brokers, listing platforms, local networks, auction houses) to maximize buyer outreach.

Documentation & Compliance:

Ensure all documentation related to titles, repossession, approvals, legal clearances, and sale deeds comply with regulatory and internal policies.

Negotiation & Deal Closure:

Negotiate with buyers to achieve the best possible sale value while ensuring timely closure.

Portfolio Tracking:

Maintain accurate MIS, track disposal timelines, monitor recovery targets, and report progress to senior management.

Risk Management:

Identify risks related to property disputes, encumbrances, or litigations and collaborate with legal teams to resolve them.

Process Improvement:

Suggest improvements in asset disposal processes to enhance efficiency and recovery rates.

Required Experience & Skills

3-10 years experience in disposing repossessed assets or real-estate sales (banking, NBFC, ARC preferred).

Strong understanding of land, commercial, and residential property markets.

Hands-on experience in legal and documentation processes related to property sale & repossession.

Strong negotiation, relationship management, and deal-closure skills.

Ability to work with external partners-brokers, valuers, local authorities, legal firms, auction houses.

Proficiency in MIS, Excel, and managing property portfolios.

Excellent communication, problem-solving, and time-management abilities.