Area Debt Manager-Flows-Commercial Vehicle

As an Area Debt Manager- Flows-Commercial Vehicle in the Collections department, your crucial responsibility will be managing a team and coordinating operational recovery activities for an area credit portfolio within your assigned territory. You will administer corporate policies and procedures to minimize front delinquencies and collaborate closely with the legal team to receive expert legal advice on managing delinquencies effectively. Your end-to-end collection responsibilities for the allocated area will significantly contribute to the bank's overall organizational objectives. Your primary roles and responsibilities include: - Handling collections of specific products in the designated area - Ensuring collection efficiency - Tracking and controlling delinquency bucket-wise and DPD wise - Focusing on non-starters - Reviewing account allocations and collection targets by bucket to external agencies or the in-house team - Conducting regular follow-ups with default customers through a dedicated team - Ensuring adherence to legal guidelines by collection agencies and executives Monitoring productivity by: - Setting parameters for in-house teams, agencies, and collection executives - Reviewing performance daily You will also be responsible for: - Ensuring adequate availability of resources in terms of Feet on Street area-wise, bucket-wise, and segment-wise - Conducting thorough background checks and continuous evaluation of appointed agencies and DCTs Your collaboration with the legal team to: - Initiate legal actions in specified cases - Building relationships with key clients for timely collections - Devising suitable tactics or strategies for prompt collections 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.,