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 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 during repossession of products.
  • Travel with Recovery Officers (ROs).
  • Timely allocation of cases to team members.
  • Proficient in Excel.
  • 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 develop 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 Wheels (Vehicle Finance), repossession, and legal management.
  • Manage litigation and case management.
  • Ensure compliance and risk mitigation.
  • Prepare and manage reporting and documentation.

  •  Required Qualifications and Experience 
  • Experience in achieving collections targets by visiting customers/agencies.
  • Ability to monitor performance against set parameters and provide updates/guidelines.
  • Experience in milestone reviewing and tracking.
  • Knowledge of legal guidelines during product repossession.
  • Willingness to travel with Recovery Officers.
  • Experience in timely case allocation to team members.
  • Proficiency in Excel.
  • Experience with daily tracking and performance evaluation of team members.
  • Maintaining accurate records of customer interactions and transactions.
  • Ability to handle escalations and resolve issues efficiently.
  • Daily Risk Report (DRR) management skills.
  • Ability to develop and implement strategies to enhance collection rates.
  • Experience in training and developing team members' skill sets.
  • Team management skills for achieving overall collection targets.
  • Problem-solving skills during collection processes.
  • Experience with collection performance reporting and improvement.
  • Knowledge of legal recovery, repossession, and legal management (Vehicle Finance).
  • Experience in litigation and case management.
  • Strong understanding of compliance and risk mitigation.
  • Reporting and documentation skills.
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