Repco Home Finance Limited (RHFL), a housing finance company promoted by Repco Bank and regulated by the Reserve Bank of India, has announced the recruitment of a Chief Manager for its Recovery Department. This role is based at the corporate office in Chennai, Tamil Nadu, and offers an excellent opportunity for professionals with extensive experience in recovery operations within the financial sector.
Vacancy Details
| Post Name | Total Vacancies | Educational Qualification |
|---|---|---|
| Chief Manager – Recovery Department | Not Mentioned | Any Graduation (10+2+3 format) from a UGC recognized university; Post-graduation & professional qualification preferred |
Job Role and Responsibilities
As a Chief Manager in the Recovery Department, your key responsibilities will include:
- Overseeing Recovery Operations: Manage and supervise recovery efforts across assigned regions to ensure timely resolution of Non-Performing Assets (NPAs).
- Compliance Management: Ensure adherence to legal frameworks, including the SARFAESI Act, in all recovery processes.
- Field Visits: Conduct regular visits to branches and borrower locations to facilitate and expedite recovery processes.
- Negotiation and Settlement: Lead negotiations for loan closures, regularizations, and compromise settlements.
- Coordination: Collaborate with Regional Heads, Legal Managers, and Recovery Vertical teams to streamline recovery strategies.
- Reporting: Maintain detailed records and provide regular reports on recovery progress and challenges.
Eligibility Criteria
Educational Qualification: Candidates must possess a graduation degree (10+2+3 format) from a UGC-recognized university. Post-graduation and professional qualifications will be given additional weightage.
Experience: A minimum of 10 years of experience in recovery operations within Housing Finance Companies (HFCs), Banks, or Non-Banking Financial Companies (NBFCs) is required. For candidates above 38 years of age, commensurate additional experience will be considered.
Current Role: Applicants should currently hold a position equivalent to or higher than that of Manager/Senior Manager.
Language Proficiency: Fluency in the respective regional language (read, write, and speak), Hindi, and English is mandatory.
Age Limit: The maximum age limit is 38 years as of October 1, 2025. Age relaxation may be considered based on relevant experience.
Additional Criteria:
- Candidates with pending disciplinary actions or those terminated by previous employers are not eligible to apply.
- All appointments are subject to satisfactory reference and background verification.
Application Process
- Visit the Official Website: Navigate to repcohome.com.
- Access the Careers Section: Click on the ‘Careers’ tab to find the latest job openings.
- Download the Application Form: Locate and download the application form for the Chief Manager position.
- Fill in the Details: Complete the application form with accurate personal and professional information.
- Attach Required Documents: Include copies of your educational certificates, service records, and any other relevant documents.
- Submit the Application: Send the completed application form and documents to the address mentioned in the official notification.
Note: Ensure that your application reaches the specified address before the last date.
Salary & Benefits
The compensation package for the Chief Manager position includes:
- Salary: Based on the current Cost to Company (CTC) plus attractive incentives.
- Additional Benefits:
- Fuel Expenses: As applicable to TEG Scale VIII officials.
- Vehicle: A car provided as per the bank’s policy for TEG Scale VIII officials.
- Accommodation: Leased accommodation facility.
- Telephone Bill: Reimbursement as per the bank’s policy.
- Travel Expenses: For official duties, including travel fare, lodging, and daily allowances, as per the entitlement of the Bank’s Chief General Manager.
Career Growth & Opportunities
While the position is contractual, it offers significant exposure to the banking sector’s operations and policies. Engaging with senior officials and understanding the intricacies of recovery operations can pave the way for future roles in policy-making or advisory positions within the financial sector.
Important Dates
| Event | Date |
|---|---|
| Application Start Date | 29th September 2025 |
| Application End Date | 4th October 2025 |
Why Apply
- Prestigious Role: Serve in a high-ranking position within a leading housing finance company.
- Competitive Compensation: Attractive salary package with additional benefits.
- Impactful Work: Contribute to enhancing the company’s recovery operations and financial health.
- Professional Growth: Opportunity to collaborate with senior banking officials and gain insights into the financial sector.
FAQs
1. What is the last date to apply for the Chief Manager position?
The last date to submit your application is 4th October 2025.
2. Is there an application fee for this recruitment?
No, there is no application fee for this position.
3. Can I apply if I am currently serving in the financial sector?
Only candidates who meet the eligibility criteria and have the required experience are eligible to apply.
4. Will the contract be extended after one year?
The contract is initially for one year and may be reviewed annually. The term will automatically expire on attaining 65 years of age or after 5 years of engagement, whichever is earlier.
5. Where should I send my application?
Send your completed application form and documents to the address mentioned in the official notification.
Conclusion
The Chief Manager position at Repco Home Finance Limited offers a unique opportunity for experienced professionals to contribute to the company’s recovery operations. With a competitive salary, additional benefits, and the chance to make a significant impact, this role is both prestigious and rewarding. Interested candidates should ensure they meet the eligibility criteria and submit their applications before the deadline.