Auction Manager

Job Description

Role & responsibilities

Plan and execute property auctions under applicable recovery laws (SARFAESI, where applicable).
Coordinate with Legal, Collections, Developers, Operations, Valuers, and Auction Agencies for auction readiness.
Ensure timely publication of auction notices and completion of documentation.
Achieve recovery targets through successful sale of secured assets.
Monitor auction pipeline, bidder participation, realization value, and inventory aging.
Ensure compliance with regulatory, legal, and audit requirements.
Prepare MIS and management reports on auction performance and recovery outcomes.

Preferred candidate profile

Graduate in Commerce, Finance, Business Administration, Law, or related field; MBA preferred.
5-8 years of experience in Collections, Recovery, Auctions, or Asset Management.
Experience in Home Finance, Banking, NBFC, or Housing Finance industry preferred.
Good understanding of mortgage recovery processes, property valuation, and auction management.