Deputy Area Manager - Debt Management Services - Consumer

1 - 2 years

8 - 12 Lacs

Posted:1 month 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/agency.
  • 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).
  • 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 Risk Report (DRR) management.
  • 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.
  • Legal recovery for Urban NPL Wheels (Vehicle Finance) repo and legal management.
  • Litigation and case management.
  • Compliance and risk mitigation.
  • Reporting and documentation.

  •  Required Qualifications and Experience 
  • Experience in debt recovery, collections, or similar roles.
  • Proficiency in Excel and daily performance tracking.
  • Knowledge of legal guidelines regarding repossession and collections.
  • Experience managing teams and allocating cases efficiently.
  • Strong record-keeping and reporting skills.
  • Ability to handle escalations and resolve issues effectively.
  • Experience in legal recovery, litigation, and case management, especially in vehicle finance.
  • Compliance and risk mitigation skills.
  • Strong communication, counseling, and team development abilities.
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    Bajaj Finance

    Financial Services

    Pune

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