Deputy Area Manager - Debt Management Services - Rural

1 - 2 years

4 - 8 Lacs

Posted:20 hours ago| Platform: Naukri logo

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Job Type

Full Time

Job Description


 Deputy Area Manager - Debt Management Services - Rural 
 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 the repossession of products.
  • Travel with Recovery Officers (ROs) as required.
  • Allocate cases to team members in a timely manner.
  • 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.
  • Daily management of DRR (Daily Risk Report).
  • 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.
  • Oversee legal recovery for Urban NPL Wheels (Vehicle Finance) including repo and legal management.
  • Handle litigation and case management.
  • Ensure compliance and risk mitigation.
  • Prepare and manage reporting and documentation.

  •  Required Qualifications and Experience 
  • Experience in debt collection and recovery operations, preferably in rural or vehicle finance sectors.
  • Proficiency in Excel for reporting and performance tracking.
  • Strong team management and leadership skills.
  • Knowledge of legal and compliance aspects of debt recovery.
  • Ability to develop and implement effective collection strategies.
  • Excellent communication and problem-solving skills.
  • Willingness to travel as required.
  • Experience in handling litigation, case management, and risk mitigation is preferred.
  • ```

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    Bajaj Finance

    Financial Services

    Pune