Deputy Area Manager - Debt Management Services - Rural

1 - 2 years

4 - 8 Lacs

Posted:1 day 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 related to collections.
  • Ensure legal guidelines are complied with while repossessing products.
  • Travel with Recovery Officers (ROs) as required.
  • Timely allocation of cases to team members.
  • Proficiency in Excel for tracking and reporting.
  • Daily tracking of team member 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 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) repossession 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/agency visits.
  • Ability to monitor team performance and provide guidance.
  • Knowledge of legal guidelines for repossession.
  • Willingness to travel as part of the role.
  • Proficient in Excel for data analysis and reporting.
  • Strong record-keeping and documentation skills.
  • Effective escalation management and problem resolution abilities.
  • Experience in legal recovery, litigation, and compliance management.
  • Ability to manage and develop a collections team.
  • Strong analytical and strategic thinking skills.
  • Experience in vehicle finance collections is preferred.
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    Bajaj Finance logo
    Bajaj Finance

    Financial Services

    Pune

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