Deputy Area Manager - Debt Management Services - Rural

4 - 5 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 is responsible for managing delinquent accounts, recovering overdue payments, and maintaining strong financial relationships with clients.  Duties and Responsibilities 
  • Achieve collections target by visiting customers and agencies.
  • Monitor performance against set parameters and provide regular updates and proper guidelines.
  • Review and track milestones.
  • Ensure legal guidelines are complied with during product repossession.
  • Travel with Recovery Officers (ROs) as required.
  • 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 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), 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 and agency visits.
  • Ability to monitor performance against set parameters and provide regular feedback.
  • Knowledge of legal guidelines related to repossession and recovery.
  • Experience in team allocation and management.
  • Proficiency in Excel for performance tracking and reporting.
  • Strong record-keeping skills for customer interactions and transactions.
  • Effective escalation management and problem-solving abilities.
  • Experience with Daily Risk Report (DRR) management.
  • Ability to develop strategies for improved collections.
  • Experience in mentoring and skill development of team members.
  • Ability to manage a collection team to meet targets.
  • Experience in legal recovery, litigation, and case management.
  • Knowledge of compliance and risk mitigation practices.
  • Strong skills in reporting and documentation.
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    Bajaj Finance

    Financial Services

    Pune