Collection Manager - CV

0 years

0 Lacs

Posted:1 month ago| Platform: Linkedin logo

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Work Mode

On-site

Job Type

Full Time

Job Description

  • Handle collections for the assigned area and achieve collection targets on various parameters like resolution, flows, credit cost and roll rates (depending on the bucket)
  • Ensure that the NPAs are kept within assigned budget and active efforts are made to minimize it.
  • Increase the fee income / revenue and develop initiatives to control and reduce the amount of vendor payouts
  • Conduct asset verifications and possession as per SARFESI / Section 9 process through court receivers.
  • Track & control the delinquency of the area (Bucket & DPD wise) and focus on nonstarters
  • Ensure customer satisfaction by ensuring quick resolution of customer issues within specified TAT
  • Loan Repayment Follow-up
  • Regularly follow up with customers whose loan EMIs are overdue.
  • Call or visit borrowers to remind them of missed payments.
  • Maintain a schedule for collection follow-ups based on due dates.
Reporting & Documentation
  • Update daily collection status in company systems (like CRM or Excel sheets).
  • Generate reports on collections achieved, pending amounts, and default rates.
  • Maintain proper documentation of payments received, settlement letters, etc.
  • Loan Recovery & Collection:
  • Ensure timely recovery of overdue commercial vehicle loan EMIs.
  • Follow up with delinquent customers through calls, field visits, and legal notices.
  • Minimize non-performing assets (NPAs) by early detection and proactive action.
  • Team Management:
  • Manage and guide a team of field collection executives or recovery agents.
  • Allocate cases based on delinquency bucket, geography, and team strength.
  • Monitor performance of team and set recovery targets.
  • Customer Interaction:
  • Negotiate with customers for repayment plans or settlements where required.
  • Address grievances or disputes related to loan repayment.
  • Ensure a customer-centric approach while maintaining recovery discipline

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Higher Education

Mohali Punjab

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