Area Debt Manager-Flows-Micro Finance

Role Overview: As an Area Collection Manager at our company, your primary responsibility will be to manage a team and coordinate operational recovery activities for a credit portfolio in your assigned territory in Mumbai. Your role involves ensuring that front delinquencies are minimized by administering corporate policies and procedures. You will work closely with the legal team to receive sound legal advice on managing delinquencies faced by the company. Your end-to-end collection responsibility for the allocated area will contribute to the larger organizational objectives of the bank. This critical role directly impacts the financial institution's budget planning. Key Responsibilities: - Handle an area for collections of specific products - Ensure collection efficiency and cost effectiveness for the assigned area - Track and control delinquency of the area, bucket-wise and DPD-wise, focusing on non-starters - Review account allocations and collections targets by bucket to agencies or in-house team - Regularly follow up with default customers through a dedicated team - Ensure collection agencies and executives adhere to legal guidelines - Manage productivity by setting parameters for in-house, agencies, and collection executives, monitoring performance, and daily reviewing the same - Ensure adequate Feet on Street availability area-wise, bucket-wise, and segment-wise - Conduct detailed background and reference checks of agencies and DCTs, and evaluate them constantly - Collaborate with the legal team to take legal action on specified cases - Build relationships with key clients for timely collections - Determine suitable tactics or strategies for timely collections Qualifications Required: - Graduate in any discipline - Post Graduate in any field - Minimum 5-8 years of experience in collections (Note: There are no additional details about the company provided in the job description.),