Collection Intern

Job Description

Job Description: Collection Intern About the Role: We are seeking a motivated and detail-oriented Collection Intern to join our team. This position is ideal for individuals looking to gain hands-on experience in the collections process, with a focus on minimizing outstanding dues while maintaining excellent relationships with clients. This is a primarily office-based role, with minimal fieldwork required. Key Responsibilities: Assist in managing the collection of outstanding payments from clients, ensuring timely recovery of dues. Contact clients (via phone, email, or messaging) regarding overdue payments and follow-up on payment commitments. Work closely with the senior collection team to identify and resolve payment issues. Maintain accurate records of collection activities and update client databases. Assist in the preparation of reports related to collections and outstanding balances. Coordinate with internal teams to address disputes or issues related to outstanding payments. Ensure adherence to company policies and legal regulations when handling collections. Provide administrative support related to the collections process. Requirements: Bachelors degree or pursuing a degree in Finance, Business Administration, or a related field. Strong communication and negotiation skills. Attention to detail and excellent organizational skills. Ability to work independently and as part of a team. Basic understanding of financial concepts is a plus, but not mandatory. Proficient in MS Office (Excel, Word, PowerPoint). Willingness to learn and adapt to new processes. Stipend and Benefits: 12,500 per month for the first 6 months of the internship. 18,000 per month from the 7th to 12th month. Post 12 months, the role will be converted to a full-time position with a CTC of 3,00,000 per annum (3 LPA). Opportunity to work in a dynamic and supportive team environment. Exposure to industry-leading collection strategies and best practices Role & responsibilities Preferred candidate profile Perks and benefits