Deputy Area Manager - Debt Management Services - Consumer

4 - 5 years

8 - 12 Lacs

Posted:2 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 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 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.
  • Manage Daily Risk Report (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 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 achieving collections targets through direct customer or agency visits.
  • Ability to monitor and report performance against established parameters.
  • Proficiency in Microsoft Excel for data tracking and analysis.
  • Experience in legal compliance during repossession activities.
  • Strong record-keeping and documentation abilities.
  • Experience in handling escalations and resolving customer issues.
  • Experience with Daily Risk Report (DRR) management.
  • Ability to develop and implement collection strategies.
  • Team management and leadership skills, including coaching and development of team members.
  • Experience in legal recovery, repo, litigation, and case management for vehicle finance or similar sectors.
  • Understanding of compliance and risk mitigation in collections.
  • Strong reporting and documentation skills.
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    Bajaj Finance

    Financial Services

    Pune