Deputy Area Manager - Debt Management Services - Rural

1 - 2 years

4 - 8 Lacs

Posted:1 month 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 guidelines.
  • Review and track milestones regularly.
  • Ensure compliance with legal guidelines during the repossession of products.
  • 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.
  • Daily management of the 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.
  • Compliance and risk mitigation.
  • Reporting and documentation.

  •  Required Qualifications and Experience 
  • Experience in achieving collections targets through customer or agency visits.
  • Ability to monitor and report performance against set parameters.
  • Familiarity with legal compliance during repossession processes.
  • Proficiency in Microsoft Excel for tracking and analysis.
  • Strong record-keeping and documentation skills.
  • Experience in handling escalations and resolving issues effectively.
  • Ability to develop and implement strategies for improving collection rates.
  • Experience in counseling and developing team members.
  • Team management skills to achieve collective targets.
  • Understanding of legal recovery processes for vehicle finance and NPL management.
  • Experience in litigation, case management, compliance, and risk mitigation is preferred.
  • Excellent reporting and documentation abilities.
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    Bajaj Finance

    Financial Services

    Pune

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