BFSI | Car loan | Collection Manager

5 - 10 years

4 - 7 Lacs

Posted:9 hours ago| Platform: Foundit logo

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Work Mode

On-site

Job Type

Full Time

Job Description

Key Responsibilities:

Portfolio Management:

  • Oversee the collections and recovery process for the assigned

    car loan portfolio

    across various delinquency buckets (early to late stage).
  • Monitor portfolio health, identify trends, and implement corrective actions to reduce NPAs and improve recovery rates.

Team Leadership:

  • Lead and mentor a team of collection officers and field agents.
  • Allocate targets, monitor performance, and conduct periodic reviews and training sessions.

Strategy & Execution:

  • Develop and implement effective collection strategies tailored for car loan customers.
  • Coordinate with legal, repossession, and external agencies for recovery and enforcement activities.
  • Negotiate settlements and restructure cases where applicable.

Compliance & Reporting:

  • Ensure all collections activities comply with

    RBI guidelines

    , internal policies, and regulatory requirements.
  • Maintain accurate and timely MIS reports on collection performance and recovery metrics.
  • Report to senior management with actionable insights and escalation of high-risk accounts.

Cross-Functional Coordination:

  • Work closely with credit, sales, operations, and legal teams to address customer issues and streamline recovery processes.
  • Facilitate smooth handover of accounts to external agencies or legal for further action.

Key Skills & Competencies:

  • Strong understanding of

    car loan products

    , collections lifecycle, and recovery techniques.
  • Excellent negotiation, communication, and interpersonal skills.
  • Experience in managing field collection teams and third-party agencies.
  • Analytical mindset with proficiency in MS Excel and collections management software.
  • Knowledge of legal recovery processes such as SARFAESI Act, Lok Adalat, etc., is a plus.

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