Manager- Collection Strategy

4 - 5 years

4 - 5 Lacs

Posted:1 week ago| Platform: Foundit logo

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Work Mode

On-site

Job Type

Full Time

Job Description

Role & responsibilities:

  • Ensure collections team adherence to regulatory requirements and internal policies.
  • Conduct regular audits and identify non-compliance areas; develop risk mitigation strategies.
  • Support internal and external audits, preparing for and responding to inspections.
  • Coordinate with auditors, providing necessary documentation and information.
  • Ensure timely renewal of policies, manuals, documentation, and training modules.
  • Prepare process manuals/SOPs for internal improvements.
  • Complete RCSA and KRI submissions on time.
  • Propose corrective actions and enhanced controls for identified issues.
  • Collaborate with departments to implement recommendations and monitor effectiveness.
  • Ensure timely regulatory data collation.
  • Coordinate with regional teams on audit requirements and deadlines.
  • Communicate with the collections team via weekly advisories, updates, and guidelines.
  • Monitor 100% payment application at month-end.
  • Perform additional ad-hoc tasks assigned by the line manager.

Preferred candidate profile

  • Minimum of 5+ years of progressive experience in collections management experience preferably in HL/LAP
  • Experience with internal audit processes.
  • Ability to manage audit teams and build relationships with stakeholders.
  • Qualification Required: Graduate/Post Graduate/MBA

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