Cluster Manager - Debt Management Services - The Wheels

8 - 10 years

5 - 9 Lacs

Posted:4 hours ago| Platform: Naukri logo

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Job Type

Full Time

Job Description


 Cluster Manager - Debt Management Services - The Wheels 
 Job Purpose 
This position is open with Bajaj Finance Ltd.  Culture Anchor: 
  • Have high ambitions - Inspires the team to aim for higher targets and supports in achieving them.
  • Own It - Acknowledges uncertainty and makes changes in own decisions/actions for better outcomes.

  •  Duties and Responsibilities 
  • Achieve collection targets assigned to the territory by meeting collection targets for the assigned states or region.
  • Meet the target on cost of collections.
  • Ensure PI targets are met within specified cost limits.
  • Ensure legal guidelines are complied with for the entire collection structure in letter and spirit.
  • Ensure collection agencies and executives adhere to the legal guidelines provided by the law in force.
  • Ensure adherence to the Code of Conduct.
  • Continuously monitor collection agencies and collection executives to identify fraudulent practices and ensure no loss is incurred due to such activities.
  • Keep the write-off percentage within risk pricing.
  • Control portfolio in terms of bucket flows.
  • Handle customer issue escalations.
  • Provide feedback on credit policy based on market conditions.
  • Approve waivers on PI as per delegation matrix.
  • Ensure documented feedback and action taken on all cases in soft buckets.
  • Ensure adequate feet-on-street availability area-wise, bucket-wise, and segment-wise.
  • Manage and support mechanisms for legal and police issues.
  • Ensure audit queries are complied with, ensuring corrective and preventive action.
  • Manage productivity by setting productivity parameters for DMA/agencies/collection executives and monitor performance against set parameters.
  • Conduct daily review of Area Managers and monthly review of Collection Officers.
  • Recruit collection officers and area managers.
  • Constantly evaluate collection officers and area managers.

  •  Required Qualifications and Experience 
  • Practice emotional intelligence - Develops the team, supporting them to do more.
  • Listens to others, stays calm under pressure, and treats everyone with respect.
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    Bajaj Finance logo
    Bajaj Finance

    Financial Services

    Pune

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