Home
Jobs
Companies
Resume

COLLECTIONS OFFICER

0 - 4 years

1 - 5 Lacs

Hoshiarpur

Posted:6 days ago| Platform: Naukri logo

Apply Now

Skills Required

debt collection team management credit collection debt recovery customer service documentation collection management recovery reconciliation sales recovery operations collections compliance debtors debt management finance communication skills

Work Mode

Work from Office

Job Type

Full Time

Job Description

LTFinance is looking for COLLECTIONS OFFICER to join our dynamic team and embark on a rewarding career journey. A Collection Officer is responsible for managing and overseeing the collection of outstanding debts or overdue payments from customers or clients. This role involves developing collection strategies, contacting debtors, negotiating payment arrangements, and maintaining accurate records. Key Responsibilities: Debt Collection: Contact customers or clients with overdue payments to negotiate and collect outstanding debts in a professional and respectful manner. Payment Arrangements: Work with debtors to establish repayment plans, settlements, or alternative payment solutions that align with their financial circumstances. Account Review: Review and analyze debtor accounts to assess their financial status, payment history, and creditworthiness. Communication: Maintain regular communication with debtors through phone calls, emails, or letters to encourage timely payments and resolve payment disputes. Documentation: Maintain detailed records of all collection activities, payment arrangements, and debtor interactions. Compliance: Ensure collection practices comply with relevant laws, regulations, and company policies, including fair debt collection practices. Reporting: Prepare and submit regular reports on collection activities, outstanding debts, and recovery rates. Escalation: Escalate accounts to legal or higher management when necessary, following established protocols. Customer Service: Provide excellent customer service to debtors by addressing inquiries, concerns, and providing information about payment options. Reconciliation: Reconcile payments received with outstanding balances, updating records accordingly.

More Jobs at LTFinance

ML OFFICER

Udayarpalayam

1.0 - 4.0 yrs
|

INR 4 - 7 Lacs

ML OFFICER

Amour

Experience: Not specified

|

INR 4 - 7 Lacs

ML OFFICER

Nagar

1.0 - 4.0 yrs
|

INR 4 - 7 Lacs

LAP-FLO Professional

Nagar

3.0 - 7.0 yrs
|

INR 4 - 7 Lacs

LAP-FLO Professional

Kheda

3.0 - 7.0 yrs
|

INR 4 - 7 Lacs

Mock Interview

Practice Video Interview with JobPe AI

Start Debt Collection Interview Now
LTFinance

495 Jobs

RecommendedJobs for You

LT Finance Limited logo

COLLECTIONS OFFICER

 LT Finance Limited

Supaul

LT Finance Limited logo

COLLECTIONS OFFICER

 LT Finance Limited

Karanja

LT Finance Limited logo

COLLECTIONS OFFICER

 LT Finance Limited

Bardhaman

LT Finance Limited logo

COLLECTIONS OFFICER

 LT Finance Limited

Durgapur

LT Finance Limited logo

COLLECTIONS OFFICER

 LT Finance Limited

Tirunelveli

LT Finance Limited logo

COLLECTIONS OFFICER

 LT Finance Limited

Firozpur

LT Finance Limited logo

COLLECTIONS OFFICER

 LT Finance Limited

Nadia

LT Finance Limited logo

COLLECTIONS OFFICER

 LT Finance Limited

Madhubani

LTFinance logo

COLLECTIONS OFFICER

 LTFinance

Alangulam

LTFinance logo

COLLECTIONS OFFICER

 LTFinance

Navsari