Asset Recovery Officer

Key Responsibilities

Asset Recovery

• Identify, track, and recover assets secured by collateral to settle defaulted loans.
• Perform asset inventory checks and ensureaccuratedocumentation of all assets involved in the recovery process.
• Coordinate and oversee the execution of asset recovery plans to maximize the value of recovered assets.
• Negotiate with borrowers tofacilitatevoluntary asset turnover, where possible, to avoid further legal action.

Legal Coordination

• Work closely with legal advisors toinitiateand manage legal actions related to asset recovery, including foreclosure, repossession, or other processesin accordance withthe loan agreement.
• Ensure that all asset recovery actions are legally compliant with applicable laws and company policies.
• Maintain proper documentation of all legal actions, communications, and outcomes related to asset recovery.

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