Deputy Area Manager - Debt Management Services - Consumer

1 - 2 years

8 - 12 Lacs

Posted:2 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 targets by visiting customers and agencies.
  • Monitor performance against set parameters and provide regular updates and proper guidelines.
  • Review and track milestone achievements.
  • Ensure legal guidelines are complied with during product repossession.
  • Travel with Recovery Officers as required.
  • Allocate cases to team members in a timely manner.
  • Demonstrate proficiency in Excel for daily tracking of team performance.
  • Maintain accurate records of customer interactions and transactions.
  • Handle escalations promptly and effectively to resolve issues.
  • Manage Daily Risk Reports (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.
  • Monitor and improve collection performance through average collection reports.
  • Oversee legal recovery for Urban NPL Wheels (Vehicle Finance), repo, and legal management.
  • Handle litigation and case management.
  • Ensure compliance and risk mitigation.
  • Prepare and maintain reporting and documentation.

  •  Required Qualifications and Experience 
  • Experience in achieving collections targets by visiting customers and agencies.
  • Ability to monitor performance and provide regular updates and guidelines.
  • Experience in milestone reviewing and tracking.
  • Knowledge of legal guidelines related to repossession of products.
  • Willingness to travel with Recovery Officers.
  • Ability to allocate cases to team members in a timely manner.
  • Proficiency in Excel for daily performance tracking.
  • Ability to maintain accurate records of customer interactions and transactions.
  • Experience in handling escalations promptly and effectively.
  • Experience in Daily Risk Report (DRR) management.
  • Ability to develop and implement strategies to improve collection rates.
  • Experience in counseling and grooming direct reportees.
  • Ability to manage a team of collection officers to achieve targets.
  • Problem-solving skills for issues encountered during the collection process.
  • Experience in managing and improving collection performance reports.
  • Knowledge of legal recovery in Urban NPL Wheels (Vehicle Finance), repo, and legal management.
  • Experience in litigation and case management.
  • Understanding of compliance and risk mitigation practices.
  • Experience in reporting and documentation.
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