Deputy Area Manager - Debt Management Services - Consumer

1 - 2 years

8 - 12 Lacs

Posted:1 hour 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 collections.
  • Ensure compliance with legal guidelines during product repossession.
  • Travel with Recovery Officers (ROs) as needed.
  • Timely allocation of cases to team members.
  • Proficient 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 Report (DRR).
  • Develop and implement strategies to improve collection rates.
  • Counsel and groom direct reports to enhance 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 using average collection reports.
  • Handle legal recovery for Urban NPL Wheels (Vehicle Finance), including repo and legal management.
  • Manage litigation and case management.
  • Ensure compliance and risk mitigation.
  • Oversee reporting and documentation.

  •  Required Qualifications and Experience 
  • Proven experience in collections, preferably in consumer debt management or financial services.
  • Strong proficiency in Excel and daily performance tracking.
  • Ability to manage a team and allocate cases effectively.
  • Experience in legal recovery, litigation, and compliance.
  • Excellent record-keeping and documentation skills.
  • Strong problem-solving and escalation management abilities.
  • Ability to counsel and develop team members for improved performance.
  • Flexibility to travel with field teams as required.
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    Bajaj Finance

    Financial Services

    Pune