Asset Recovery Executive Vacancy at IndusInd Bank, Ludhiana — Eligibility, Role Scope, and How to Apply
Table of Contents
- Position snapshot
- Eligibility and competencies
- Key responsibilities
- What success looks like
- Career path and learning
- How to apply
- Interview preparation tips
IndusInd Bank is inviting online applications for the post of Asset Recovery Executive in Ludhiana, a field-legal role focused on recoveries, settlements, and litigation coordination. This position is suitable for LL.B. graduates with strong communication and negotiation skills, ready to own collection targets and manage bank-side legal workflows.
Position snapshot
- Title: Asset Recovery Executive (Legal/Collections)
- Location: Ludhiana
- Qualification: LL.B. (3-year or 5-year) from a reputed university; strong communication and negotiation skills
- Application mode: Online via the vacancy link provided in the announcement
Eligibility and competencies
- Essential: LL.B. degree (integrated or 3-year) from a recognized university; strong interpersonal, communication, and negotiation skills; ability to work independently and manage time effectively in field conditions.
- Preferred: Exposure to asset recovery/collections, legal notices, case coordination; analytical and problem-solving skills; familiarity with SARFAESI/Consumer Forum routines is advantageous in similar listings.
Key responsibilities
- Collections and targets:
- Achieve assigned collection targets across product asset flags (e.g., retail/SME portfolios) through structured follow-ups and settlements. Maintain daily visit plans and MIS.
- Customer engagement and settlements:
- Conduct daily customer visits to build rapport, negotiate and document settlements; route settlement proposals promptly to the sanctioning committee/SLC for review and approval.
- Litigation coordination:
- Coordinate with panel advocates; ensure bank’s cases are properly represented with timely factual inputs. Follow up litigation stocks in courts and Consumer Forums daily until resolution; manage advocates’ allocations and payment initiations.
- Documentation and updates:
- Maintain accurate records of all visits, interactions, settlement drafts, undertakings, and payment plans; keep judgments and citations repository updated to support enforcement strategy.
- Governance and complaints:
- Draft/coordinate responses to Regulatory/Ombudsman/CRM/Senior Management complaints within defined TATs; ensure compliance with internal policies and legal standards.
What success looks like
- Meeting or exceeding collection/settlement targets with clear documentation trails.
- High-quality case inputs to counsel leading to faster adjudication or negotiated closures.
- Zero/TAT-compliant responses for regulatory and grievance redressal escalations.
- Clean MIS and traceability for every customer touchpoint and court action.
Career path and learning
- The role offers intensive exposure to field recoveries, settlement negotiations, and bank-side litigation workflows. Similar IndusInd postings emphasize legal follow-up, coordination with counsels, and document rigour—skills that can lead to senior collections/legal roles in banking and NBFCs.
How to apply
- Submit the application through the online link mentioned in the vacancy notice. Keep a concise resume highlighting:
- Recoveries/collections experience (buckets handled, vintage, closure rates)
- Legal coordination (types of cases/forums, SARFAESI/Consumer Forum follow-ups)
- Negotiation wins (settlements, write-offs, one-time settlements) and TAT compliance records.
Interview preparation tips
- Be ready with case vignettes that show negotiation strategy, documentation hygiene, and closure outcomes.
- Demonstrate understanding of end-to-end recovery lifecycle: due diligence, demand/notice, field engagement, settlement terms, legal escalation, and execution.
- Bring examples of MIS, trackers, or SOPs used to manage daily visits, court dates, and counsel coordination.
Official Notification:
Listings across legal job boards for similar roles at IndusInd highlight LL.B. as a base qualification with a premium on field execution, legal coordination, and disciplined documentation. Candidates with the right mix of legal knowledge and on-ground negotiation skill will be well-placed for success.
