Last Date for Submission of Application is on 02nd March, 2022.
No.of Posts and Vacancies :-
Secretary, Manager and More - 13 Posts
Job Location - Mumbai
Education Qualification :
NARCL invites online application from Indian citizen for appointment to the following posts. Eligible candidates are requested to apply through the prescribed application available on Indian Banks’ Association (IBA) website www.iba.org.in. No other means / mode of application will be accepted.
1. Name of the post: Chief Investment Officer
2. No of Post: 01
3. Location: Mumbai
4. Department: Investments
5. Managerial and functional responsibilities: Responsible for leading the trust level relationships with respective Selling Lenders for identifying and acquiring distressed assets to be transferred to NARCL, subject to meeting required conditions and engagement with Trust Level investors on a regular basis. Driving smooth transaction flow of acquisition of assets from respective Selling Lenders via the investment manager. Liaising and communicating with investment managers to undertake due diligence of identified assets and ensure documentation requirements are met. Responsible for reviewing deal valuations, pricing and participating in bidding process for acquisition of assets. Collaborate with CEO IDRCL to implement board approved policies for resolution of acquired assets
6. Qualifications: Post-Graduate. CA/CFA/MBA – Finance (desired)
7. Experience: 20+ years of experience in BFSI and 10+ years in Corporate Relationship Companying/Resolution
8. Functional and Behavioral requirements: Thorough understanding of financial statements, financial ratios, credit, portfolio construction, risk management & asset valuation and the macro economic environment. Strong stakeholder management skills. Strong Communication, negotiation and Influencing Skills. Problem-solving skills and ability to take decision in an ambiguous environment. Ability to build a collaborative, learning and cohesive culture
1. Name of the post: Chief Operating Officer
2. No of Post: 01
3. Location: Mumbai
4. Department: Corporate Centre
5. Managerial and functional responsibilities: Responsible for leading multiple enabling functions such as Finance, Compliance, Risk, Legal, etc. Responsible for ensuring Trust level payout computations for distribution of consideration among SR holders
6. Qualifications: Post-Graduate. CA/CFA/MBA – Finance (desired)
7. Experience: 20+ years of experience in BFSI and 10+ years in Operations/Finance
8. Functional and Behavioral requirements: Thorough understanding of financial statements, financial ratios, credit, portfolio construction, risk management & asset valuation and the macro economic environment. Strong stakeholder management skills. Strong Communication, negotiation and Influencing Skills. Problem-solving skills and ability to take decision in an ambiguous environment. Ability to build a collaborative, learning and cohesive culture
1. Name of the post: Investment Managers
2. No of Post: 03
3. Location: Mumbai
4. Department: Investments
5. Managerial and functional responsibilities: Responsible for engagement with Selling Lenders to identify distressed assets to be transferred to NARCL, subject to meeting required conditions, and for trust level engagement. Execution of NDA along with guidance from Legal team, prior to initiation of due diligence. Conduct due diligence for acquisition of assets and ensure compliance in preparation of valuation charts, pricing, offer document preparation, etc.
6. Qualifications: Post-Graduate. CA/CFA/MBA – Finance (desired)
7. Experience: 12-15 years of experience in Corporate Relationship Companying/Resolution
8. Functional and Behavioral requirements: Thorough understanding of financial statements, financial ratios, credit, portfolio construction, risk management & asset valuation and the macro economic environment. Strong stakeholder management skills.Strong Communication, negotiation and Influencing Skills. Problem-solving skills and ability to take decision in an ambiguous environment. Ability to build a collaborative, learning and cohesive culture
1. Name of the post: Investment Analysts
2. No of Post: 03
3. Location: Mumbai
4. Department: Investments
5. Managerial and functional responsibilities: Assist Investment Manager in discharging duties pertaining to acquisition of distressed assets from Selling Lenders and Trust level compliance. Prepare documents, agreements notes, minutes of the meetings, etc. for bidding and transfer of assets from Selling Lenders.Vetting of legal documents with respect to commercial aspects to ensure alignment with Investment Committee decision
6. Qualifications: Post-Graduate. CA/CFA/MBA – Finance (desired)
7. Experience: 5-8 years of experience in Corporate Relationship Companying/Resolution
8. Functional and Behavioral requirements: Thorough understanding of financial statements, financial ratios, credit, portfolio construction, risk management frameworks and asset valuation. Strong stakeholder management skills. Strong Communication, negotiation and Influencing Skills. Problem-solving skills and analytical skills. Understanding of Macro economic environment
1. Name of the post: HR & Admin Manager
2. No of Post: 01
3. Location: Mumbai
4. Department: HR & Admin, Corporate Centre
5. Managerial and functional responsibilities: Responsible for maintaining employee records up to date and managing personnel administration issues such as letters, signatory authority papers, etc.
6. Qualifications: Post-Graduate. MBA - HR (desired)
7. Experience: 8-10 years of HR & Admin experience
8. Functional and Behavioral requirements: Strong negotiation and influencing skills. Ability to manage relationships with internal and external stakeholders. Strong problem solving and analytical ability. Strong planning and budgeting abilities. The above work are the broad scope of work with any additional work being allocated by the MD & CEO/Board /CFO as required.
1. Name of the post: Manager – Legal
2. No of Post: 01
3. Location: Mumbai
4. Department: Legal, Corporate Centre
5. Managerial and functional responsibilities: Devise and implement legal standards, processes, systems, effective policies and procedures that ensures that legal risks are managed appropriately. Ensure that the organization complies with the standard financial and legal practice and maintains standards of corporate governance. Work closely with relationship team for legal due diligence during evaluation of assets for acquisition. To review and negotiate terms and conditions and ensure quality checks for the agreement drafts.
6. Qualifications: LLB
7. Experience: 8-10 years of relevant experience in BFSI
8. Functional and Behavioral requirements: Understanding of legal systems, processes and inter-linkages. Well versed with relevant SAFAESI Act, IBC, MCA, etc. rules and regulations. Strong stakeholder management and negotiation skills
1. Name of the post: Manager – Compliance & CS
2. No of Post: 01
3. Location: Mumbai
4. Department: Compliance, Corporate Centre
5. Managerial and functional responsibilities: Responsible for the execution and control of compliance in all aspects of the organization's operations. Introduce and facilitate implementation of Governance mechanism and Compliance Monitoring system. Responsible for interpreting circulars, instructions from RBI/Government and enforcing domestic regulations for the organization
6. Qualifications: Post-Graduate & CS. CA/CFA/MBA – Finance (desired)
7. Experience: 8-10 years of experience in Banking(preferred)/NBFC/Financial Institutions
8. Functional and Behavioral requirements: Thorough understanding of compliance and regulatory framework in the country. Ability to manage relationships with internal and external stakeholders. Strong problem solving and analytical ability
1. Name of the post: Secretary
2. No of Post: 01
3. Location: Mumbai
4. Department: Corporate Center
5. Managerial and functional responsibilities: Responsible for providing administrative and secretarial support to the senior executives. Responsible for managing calendar, appointment scheduling, correspondence preparation, etc. Responsible for visitor screening, travel arrangements, meeting coordination, etc.
6. Qualifications: Graduate
7. Experience: 10-15 years of relevant experience
8. Functional and Behavioral requirements: Ability to manage relationships with internal and external stakeholders Strong planning and organizing abilities Strong Communication Skills – Spoken & Written. Strong coordination and multitasking ability
Age Limit
Not less than 28 years and not greater than 55 years
General Instructions:
I. Candidates have to apply in the Application provided in the Company’s website /IBA website only. No other means of applications shall be entertained.
II. Calling / admission to the Interview is purely provisional without verification of age / qualification / category etc. of the candidates. Mere receipt of call letter for Interview does not imply that the Company is satisfied about the candidate’s eligibility. Candidates should ensure their eligibility before applying / attending the Interview. Company reserves right to reject ineligible candidate’s applications at any stage of selection process.
III. Applications which are incomplete in any respect will be rejected. Incomplete applications / applications without supporting documents will be rejected outright.
IV. A candidate should ensure that the signatures appended by him/her in all the places viz. in his/her call letter, attendance sheet etc. and in all correspondence with the Company in future should be identical and there should be no variation of any kind.
V. A recent, recognizable photograph should be affixed by the candidate in the application form and the candidate should ensure that copies of the same are retained for use at various stages of the process. Failure to produce the same photograph at various stages of the process or doubt about identity at any stage could lead to disqualification.
VI. Candidates will have to appear for the Interview/group discussion etc. at their own expenses.
VII. Decision of the Company in all matters regarding eligibility of the candidate, the stages at which such scrutiny of eligibility is to be undertaken, the documents to be produced for the purpose of the conduct of Interview, selection and any other matter relating to selection process will be final and binding on the candidate. Further, the Company reserves right to stall / cancel the selection process partially / fully at any stage at its discretion, which will be final and binding on the candidate.
VIII. Company may, at its discretion, hold re-interview wherever necessary.
IX. The shortlisted candidates are required to produce originals documents pertaining to Age, Qualification, Experience, etc for verification at the time of Interview. If any candidate is found ineligible while verifying the documents, he / she shall not be allowed to take up Interview.
X. By applying for the post, candidates give their consent for the collection, use, storage and transfer of the information furnished in the application for Company’s internal use including shortlisting for Group Discussion and/or Interview and conducting background/reference checks, as required.
XI. Any resultant dispute arising out of this advertisement shall be subject to the sole jurisdiction of the Courts situated in Mumbai.
XII. Canvassing in any form will be treated as disqualification.
XIII. The Company shall not be responsible for an application being rejected which is based on wrong information provided in any advertisement issued by an unauthorized person / institution / web site / job portal / social media. Candidates are advised not to share/ mention their application details with / to anyone.
XIV. In case any dispute arises on account of interpretation in versions other than English, English version will prevail.
XV. Company at its discretion may change roles and responsibilities, reporting relationship, etc. for any role.
Selection Procedure
1. The selection is proposed to be undertaken on the basis of Shortlisting and Group Discussion and/or Interview as under; However, Company may decide the modalities of selection depending on the number of applications received.
a) The application received will be shortlisted on the basis of track record of the candidate and suitability.
b) Candidates to the extent of required number only will be called for Interview.
c) The shortlisted candidates have to undergo the process of Group Discussion and/or Interview.
2. Short-listing (if conducted) will be based on the documents / certificates / testimonials etc. submitted by the candidates to substantiate his/her qualification/post qualification experience declared in the application
3. Decisions of Company in all matters regarding eligibility, selection etc. would be final and binding on the candidates. No representation or correspondence will be entertained by the Company in this regard and the decision of the Company would be final.
4. The Company reserves the right to change the selection procedure / hold supplementary selection process, if necessary. The change, if any, shall be intimated to the candidates through the website / email in advance.
How to Apply
Last date to receive applications March 2, 2022
a. Candidates should have a valid personal e-mail id. This e-mail id should be kept functional till completion of this selection process. All the communication will be sent to the candidates on this e-mail id only.
b. Candidates are required to visit the website www.iba.org.in to download the application form.
c. Candidates should fill the required details in the Application Form and share the same via email along with the Resume at careers@narcl.co.in
i. Subject line of the mail should be – “Application for Post Name at NARCL | Candidate Name” eg. Application for Chief Investment Officer at NARCL | Ajay Kumar
ii. A recent Passport size colour photograph should be firmly affixed on the application and should be signed across by the candidate.
iii. The name of the candidate or his / her father / husband etc. should be spelt correctly in the application as it appears in the certificates / mark sheets. Any change / alteration found may disqualify the candidature.
iv. The candidates name in the application should be as it appears in SSC / SSLC / X Standard Marks Card. In case the candidate has changed his/her name, the changed name should be as per the Gazette Notification / Marriage Certificate.
v. Candidates should take utmost care to furnish the correct details while filling in application. Submission of incorrect / false information in the application will render the candidature invalid.
vi. Company will not be responsible for any consequences arising out of furnishing of incorrect and incomplete details in the application or omission to provide the required details in the application form.