Collections Executive - Retail MFB - Collections

0 - 3 years

6 - 10 Lacs

Posted:1 day ago| Platform: Naukri logo

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Job Type

Full Time

Job Description


About The Role
Key Objective of the Job:To drive the collection process of receivables across multiple sources thereby reducing the total outstanding
  • and the associated average number of days while continuing to make efforts to keep the client partnership
  • intact.Major Deliverables:
  • Correspond with multiple sources to negotiate payment schedules that suit the customers current financial
  • situation while still satisfying the debt.
  • Keep track of the portfolio for specific buckets for the assigned area and control the delinquency of the area,
  • bucket-wise & DPD wise as well as focus on non-starters.
  • Provide efficient customer service regarding collection issues, process customer refunds, process, and
  • review account adjustments, resolve client discrepancies and short payments
  • Monitor and maintain customer account details for non - payments, delayed payments, and other
  • irregularities, making customer calls, account adjustments, small balance write off, customer reconciliations
  • and processing credit memos where necessary.
  • Ensure customer files are updated, recording times and dates that contact has been made and noting
  • information that customers have received about their debt.
  • Trace defaulters and assets in coordination with the agencys tracing team and suggest remedial course of
  • action.
  • Identify defaulting accounts and investigate reasons for default while continuing to make efforts to maintain
  • a healthy relationship with the customer.
  • Enlist the efforts of sales and senior management when necessary to accelerate the collection process
  • including supporting the collection manager (court receiver) in repossessing assets and seeking legal and
  • police support where required.
  • Ensure compliance to all Audit / regulatory bodies as well as policies and procedures of the company.Educational Qualification: Graduate
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    Tata Capital

    Financial Services

    Mumbai Maharashtra

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