Deputy Area Manager - Debt Management Services - Consumer

1 - 2 years

8 - 12 Lacs

Posted:4 hours ago| Platform: Naukri logo

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Job Type

Full Time

Job Description


 Deputy Area Manager - Debt Management Services - Consumer 
 Job Purpose 
The Debt Management Specialist will be responsible for managing and coordinating the recovery of overdue payments on loans or credit accounts.  Duties and Responsibilities 
  • Achieve collections target by visiting customers/agencies.
  • Monitor performance against set parameters and provide regular updates and proper guidelines.
  • Review and track milestones.
  • Ensure legal guidelines are complied with while repossessing products.
  • Travel with Recovery Officers (ROs) as required.
  • Timely allocation of cases to team members.
  • Proficient in Excel for daily tracking of team members’ performance.
  • Maintain accurate records of customer interactions and transactions.
  • Handle escalations promptly and effectively to resolve issues.
  • Daily management of the Daily Risk Report (DRR).
  • Develop and implement strategies to improve collection rates.
  • Counsel and groom direct reportees to enhance and polish their skill sets.
  • Manage a team of collection officers to achieve overall targets.
  • Rectify problems encountered during the collection process.
  • Manage average collection reports to monitor and improve collection performance.
  • Oversee legal recovery for Urban NPL (Non-Performing Loans) Wheels (Vehicle Finance), including repo and legal management.
  • Manage litigation and case management.
  • Ensure compliance and risk mitigation.
  • Reporting and documentation.

  •  Required Qualifications and Experience 
  • Experience in achieving collection targets by visiting customers/agencies.
  • Ability to monitor performance, provide updates, and set guidelines.
  • Experience in milestone review and tracking.
  • Knowledge of legal guidelines related to repossession.
  • Willingness to travel with Recovery Officers as needed.
  • Ability to allocate cases efficiently among team members.
  • Proficiency in Excel for daily performance tracking.
  • Record-keeping skills for customer interactions and transactions.
  • Skill in handling escalations and resolving issues effectively.
  • Experience in daily risk reporting and management.
  • Capability to develop and implement strategies for improved collection rates.
  • Experience in counseling and grooming direct reportees.
  • Team management experience, particularly with collection officers.
  • Problem-solving skills in the collections process.
  • Ability to manage and interpret collection reports.
  • Knowledge of legal recovery processes for vehicle finance and litigation management.
  • Understanding of compliance and risk mitigation practices.
  • Experience with reporting and documentation.
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    Bajaj Finance

    Financial Services

    Pune