Debt Manager

The role of an Area Debt Manager Flows - Rural Assets in the Debt Management department involves managing a team and coordinating operational recovery activities for an area credit portfolio in the assigned territory. The primary responsibility includes administering corporate policies and procedures to minimize front delinquencies. It is crucial to work closely with the legal team to receive sound legal advice on managing delinquencies faced by the company. The role holder has end-to-end collection responsibilities for the allocated area, contributing to the bank's larger organizational objectives and directly impacting financial institution budget planning. Responsibilities of the Area Debt Manager include handling collections for specific products, ensuring collection efficiency and cost-effectiveness, tracking and controlling delinquency levels, reviewing account allocations and collection targets, following up with default customers, and ensuring adherence to legal guidelines by collection agencies and executives. Setting productivity parameters, monitoring performance against them, ensuring adequate manpower availability, conducting background checks on appointed agencies, collaborating with the legal team for legal actions, building relationships with key clients, and strategizing for timely collections are key responsibilities. The ideal candidate for this role should have a graduation degree with 5 to 10 years of experience in collections.,