Collection Manager - Business Loans

5 - 10 years

2 - 11 Lacs

Posted:2 months ago| Platform: Foundit logo

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Work Mode

On-site

Job Type

Full Time

Job Description

Role & responsibilities

  • Manage and monitor the performance of business loan collections.
  • Lead a team of collection agents/officers; set targets and ensure KPIs are met.
  • Design and implement collection strategies for early-stage, mid-stage, and late-stage delinquencies.
  • Analyze account data and repayment behavior to forecast potential risks.
  • Coordinate with legal and recovery teams for escalated cases including litigation or asset repossession.
  • Maintain compliance with regulatory and organizational policies regarding loan collections.
  • Generate periodic reports on collection performance, recovery rates, and portfolio risk.
  • Interact with business clients professionally to negotiate payment plans and resolve disputes.
  • Train and develop staff to improve collection efficiency and customer interaction.

Preferred candidate profile

  • Bachelors degree in Finance, Business Administration, or related field.
  • 5+ years of experience in loan collections, preferably in business or SME/Business Loans lending.
  • Strong leadership and team management skills.
  • In-depth knowledge of loan recovery processes, credit risk, and legal aspects of collections.
  • Excellent negotiation, communication, and interpersonal skills.
  • Proficient in using collection and loan management systems.

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Indusind Bank logo
Indusind Bank

Banking and Financial Services

Mumbai

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