Deputy Area Manager - Debt Management Services - Consumer

1 - 2 years

8 - 12 Lacs

Posted:1 day 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.
  • 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 reportees 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 through average collection reports.
  • Legal recovery for Urban NPL (Non-Performing Loans) Wheels (Vehicle Finance) Repo and Legal Management.
  • Litigation and case management.
  • Ensure compliance and risk mitigation.
  • Reporting and documentation.

  •  Required Qualifications and Experience 
  • Experience in achieving collections targets through direct customer or agency visits.
  • Ability to monitor performance against set parameters and provide regular updates and guidelines.
  • Experience in milestone reviewing and tracking.
  • Knowledge of legal guidelines for repossession of products.
  • Willingness to travel with Recovery Officers.
  • Experience in timely allocation of cases among team members.
  • Proficiency in Excel for daily tracking and performance management.
  • Ability to maintain accurate records of customer interactions and transactions.
  • Strong escalation management and issue resolution skills.
  • Experience in managing Daily Risk Reports (DRR).
  • Ability to develop and implement strategies to improve collection rates.
  • Experience in counseling and grooming team members to enhance skills.
  • Proven team management experience within collections functions.
  • Problem-solving skills during the collection process.
  • Ability to manage and improve average collection reports.
  • Experience in legal recovery for Urban NPL Wheels (Vehicle Finance), repo, and legal management.
  • Litigation and case management experience.
  • Strong compliance and risk mitigation knowledge.
  • Experience in reporting and documentation.
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    Bajaj Finance logo
    Bajaj Finance

    Financial Services

    Pune

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