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 targets by visiting customers/agencies.
  • Monitor performance against set parameters and provide regular updates and proper guidelines.
  • Review and track milestones for collection efforts.
  • Ensure legal guidelines are complied with during product repossession.
  • Travel with Recovery Officers (ROs) as required.
  • Timely allocate cases to team members.
  • Demonstrate proficiency in Excel for reporting and data tracking.
  • Daily tracking of team members' 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.
  • Manage average collection reports to monitor and improve performance.
  • Oversee legal recovery for Urban NPL Wheels (Vehicle Finance), repo and legal management.
  • Handle litigation and case management.
  • Ensure compliance and risk mitigation in all processes.
  • Prepare and maintain required reports and documentation.

  •  Required Qualifications and Experience 
  • Proven experience in achieving collections targets in a financial services environment.
  • Experience monitoring performance against set parameters and providing regular updates.
  • Knowledge of legal guidelines for repossession and debt recovery.
  • Proficiency in Excel and experience with daily performance tracking.
  • Strong record-keeping and documentation skills.
  • Ability to handle escalations and resolve issues efficiently.
  • Experience managing Daily Risk Reports (DRR).
  • Capability to develop and implement strategies for improved collection rates.
  • Leadership and team management skills, including counseling and skill development of direct reports.
  • Experience in legal recovery, repo and legal management, litigation, and case management.
  • Understanding of compliance and risk mitigation in debt management.
  • Strong communication and reporting abilities.
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    Bajaj Finance logo
    Bajaj Finance

    Financial Services

    Pune