Area Collections Manager

Company Description

Cholamandalam Investment and Finance Company Limited (Chola), a part of the Murugappa Group, has been a trusted name in financial services since 1978. Evolving from its roots in equipment financing, Chola now offers a diverse range of financial solutions including vehicle finance, home loans, SME loans, and consumer durable loans. With over 1,500 branches across the country and Assets Under Management exceeding Rs. 1.77 lakh crore, Chola serves a broad customer base of more than 42.9 lakh satisfied individuals. Anchored in integrity and ethical values, Chola is committed to creating sustainable growth and empowering its stakeholders. The company continues to prioritize innovation and value creation for communities, employees, and customers.

Role Description

This is a full-time, on-site position based in Rohtak for the role of Area Collections Manager. The Area Collections Manager will oversee the management and recovery of overdue loan amounts within the assigned area. Responsibilities include planning and implementing collection strategies, coordinating with team members to achieve recovery targets, and ensuring adherence to company policies and regulatory guidelines. The role requires the ability to monitor delinquent accounts, prepare reports on collection activities, and maintain positive customer relationships while addressing repayment concerns.

Qualifications

• Strong skills in Planning, Organization, and Team Leadership to manage collection efforts effectively.
• Customer Relationship Management, Negotiation, and Communication skills to handle overdue accounts and engage constructively with customers.
• Analytical and Reporting skills for preparing insights on area collection metrics and performance.
• Knowledge of Banking, Loan Recovery Practices, and Legal/Regulatory Compliance related to collections.
• Problem-solving skills and the ability to work under pressure in a target-driven environment.
• Bachelor’s degree in Finance, Business Administration, or a related field preferred.
• Experience in collections management, credit analysis, or a similar role is an advantage.