IndusInd Bank Alappuzha: Asset Recovery Executive Vacancy – LLB + 2 Years’ Experience; Negotiate Settlements & Handle NPA Cases; Apply Online Now
Table of Contents
- Role and Bank Context
- Vacancy Snapshot
- Essential Eligibility
- Educational
- Experience/Skills
- Key Responsibilities
- Core Duties
- Selection Process
- Remuneration & Perks
- Application Process
- Who Should Apply?
- Day-in-Life Snapshot
- Why IndusInd Asset Recovery?
IndusInd Bank, a leading private sector bank with ₹4 lakh crore assets, is hiring Asset Recovery Executives for its Alappuzha (Kerala) branch, targeting LL.B. graduates with 2+ years’ experience in recovery/collections. This field-facing role focuses on NPA recovery through customer visits, legal case management, and settlement negotiations, contributing to the bank’s aggressive asset quality drive (GNPA <2% FY25). Applications via careers.indusind.com.
Role and Bank Context
IndusInd Bank’s Asset Recovery team operates under Risk Management, handling vehicle loans, personal loans, MSME NPAs. Alappuzha posting covers Kerala’s central region (high vehicle financing). Executives work with SLC (Senior Leadership Committee) for OTS (One-Time Settlements) and coordinate with panel advocates for DRT/SARFAESI filings.
Vacancy Snapshot
| Parameter | Details |
|---|---|
| Post | Asset Recovery Executive |
| Location | Alappuzha, Kerala |
| Qualification | LL.B. (5-year integrated or 3-year) |
| Experience | 2+ years (recovery/collections preferred) |
| Skills | Communication, negotiation |
| Application | Online (careers.indusind.com) |
| CTC | ₹4.5–6 LPA (estimated) |
Essential Eligibility
Educational
- LL.B.: 5-year integrated OR 3-year course from reputed university.
Experience/Skills
- Strong communication/negotiation.
- Recovery/collections experience preferred (bank/NBFC/Nidhi).
Key Responsibilities
Core Duties
- Collection Targets: Achieve assigned goals by product/asset flag (vehicle/personal loans).
- Legal Case Handling: Support bank-filed cases; provide advocate inputs.
- Field Visits: Daily customer meetings for rapport, settlement negotiation.
- OTS Proposals: Submit to SLC immediately; follow up approvals.
- Market Intelligence: Daily updates to SLC on trends/challenges.
- Documentation: Maintain interaction/recovery records.
- Compliance: Handle Ombudsman/CRM/Sr. Management complaints with TAT.
- Research: Update judgments/citations for cases.
Selection Process
- Online Application Screening.
- Telephonic Round: Basic fit.
- Assessment: Recovery scenario test.
- Final Interview: Branch Head + Risk Head.
Remuneration & Perks
| Component | Details |
|---|---|
| Fixed Salary | ₹25,000–30,000/month |
| Incentives | Recovery targets (20–50% variable) |
| Total CTC | ₹4.5–6 LPA |
| Benefits | PF, ESIC, medical, incentives |
| Travel | 50–100 km daily (fuel allowance) |
Application Process
- Portal: careers.indusind.com (search “Asset Recovery Executive Alappuzha”).
- Documents: Resume, LLB marksheets, experience proofs, Aadhaar/PAN.
- Timeline: Rolling (apply within 15 days).
Who Should Apply?
Ideal Candidates:
- Junior Advocates: Debt recovery/DRT practice.
- Bank Recovery Officers: SARFAESI/OTS experience.
- NBFC Collections: Field negotiation.
- Kerala Locals: Malayalam fluency advantage.
Edge: Two-wheeler license, local network.
Day-in-Life Snapshot
text08:00 AM: Target review (₹5 lakh recovery).
09:00–05:00 PM: 8–10 customer visits (Alappuzha/Kayamkulam).
Evening: OTS proposal drafting, SLC submission.
Weekly: DRT hearing support, compliance filing.
Why IndusInd Asset Recovery?
| Advantage | Impact |
|---|---|
| High Incentives | Top performers ₹10+ LPA |
| Career Path | AOPE → Manager → Zonal Head |
| Kerala Hub | Branch expansion (20% YoY) |
| Skills | Negotiation → Relationship Management |
Caution: Field-intensive (80% travel); stress from targets/NPAs.
Official Notification:
