Area Debt Manager-Flows-Commercial Vehicle

As an Area Debt Manager- Flows-Commercial Vehicle in the Collections department, you will have the crucial responsibility of managing a team and coordinating operational recovery activities for an area credit portfolio within your assigned territory. Your role will involve administering corporate policies and procedures to minimize front delinquencies. It is essential to closely collaborate with the legal team to receive expert legal advice on managing delinquencies effectively. You will have end-to-end collection responsibilities for the allocated area, contributing significantly to the bank's overall organizational objectives. Your primary roles and responsibilities will include handling collections of specific products in the designated area, ensuring collection efficiency, tracking and controlling delinquency bucket-wise and DPD wise, and focusing on non-starters. You will review account allocations and collection targets by bucket to external agencies or the in-house team. Regular follow-ups with default customers through a dedicated team will be crucial, along with ensuring adherence to legal guidelines by collection agencies and executives. Monitoring productivity by setting parameters for in-house teams, agencies, and collection executives, and reviewing the performance daily is a key aspect of your role. You will be responsible for ensuring adequate availability of resources in terms of Feet on Street area-wise, bucket-wise, and segment-wise. Thorough background checks and continuous evaluation of appointed agencies and DCTs will be part of your routine tasks. Collaboration with the legal team to initiate legal actions in specified cases, building relationships with key clients for timely collections, and devising suitable tactics or strategies for prompt collections are vital components of your job. This critical role directly impacts the financial institution's budget planning and requires a minimum of 5+ years of relevant experience along with a graduate or post-graduate degree such as MBA or PGDM.,