Legal Recovery Officer

0 - 5 years

4 - 7 Lacs

Posted:4 hours ago| Platform: Foundit logo

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Work Mode

On-site

Job Type

Full Time

Job Description

Key Responsibilities:

  • Manage Receivables:

    Oversee and manage receivables for an assigned set of customers, with a focus on accounts marked as

    Non-Performing Assets (NPA)

    , ensuring timely repayment and minimizing defaults.
  • Process Compliance:

    Ensure strict adherence to company processes, repayment guidelines, and collection efforts, while maintaining compliance with

    regulatory standards and internal policies

    .
  • Repayment Efficiency:

    Drive efficient repayment practices to reduce the

    Overdue (OD)

    amount at the branch. Work proactively to minimize NPA levels and restore overdue accounts to regular status.
  • Timely Payment Collection:

    Actively pursue overdue payments using effective communication methods, ensuring

    timely collection and improved recovery rates

    .

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