1 - 31 years

1 - 3 Lacs

Posted:6 days ago| Platform: Apna logo

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Work Mode

On-site

Job Type

Full Time

Job Description

A Loan Recovery job, often held by an Executive or Officer, involves contacting borrowers with overdue accounts to negotiate payment plans, maintain accurate records, and maximize debt recovery while adhering to legal and ethical guidelines. Key responsibilities include communication with debtors, investigation of their financial health, managing account statuses in databases, reporting on collections, and collaborating with legal teams for escalated cases.  Contacting Debtors: Reaching out to customers with overdue accounts via phone, email, or letters to discuss payment issues.  Negotiating Payment Plans: Working with borrowers to establish realistic and mutually beneficial repayment arrangements.  Compliance: Staying informed about relevant financial laws and regulations and ensuring all collection practices are ethical and legal.  Problem-Solving: Skills to investigate financial situations and develop effective solutions for debt recovery.  Relevant Education: A degree in finance, accounting, or a related field is often preferred. 

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