Debt Manager-Flows-Used Car Loan

Job Requirements

About the Role

The Collection Manager – Rural is responsible for planning, organizing, directing, and overseeing the activities of the collections department. This includes managing agencies associated with the company in the assigned territory. The role focuses on efficient and optimized EMI recovery from customers while ensuring adherence to all bank guidelines. The position contributes to the broader organizational objectives of the bank.

Key Responsibilities

Primary Responsibilities

Manage and undertake the collections process for assigned debts.
Regularly track the portfolio for specific buckets in the assigned area.
Track and control delinquency by bucket and DPD, with a focus on non-starters.
Allocate targets and ensure achievement through agencies or in-house teams.
Follow up regularly with defaulting customers.
Ensure adherence to collection processes and legal guidelines.
Trace absconded default customers and initiate the recovery process.
Recommend legal action for non-recoverable cases and follow up with the legal team for closure.
Maintain administrative data related to collections, including delinquent account history, MIS reports, and collection feedback on a daily, weekly, and monthly basis.

Secondary Responsibilities

Not explicitly mentioned in the job description.

What We Are Looking For

Education

Graduate – Any discipline
Postgraduate – Any discipline

Experience

Relevant years of experience in Collections.

Skills and Attributes

Strong organizational and communication skills, ability to manage teams and agencies, proficiency in tracking and analyzing delinquency data, and adherence to legal and process compliance.