Territory Debt Recovery/Collection Manager-Consumer Finance

3 - 7 years

3 - 5 Lacs

Posted:2 days ago| Platform: Naukri logo

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Job Type

Full Time

Job Description

Key Responsibilities:

  • Develop and implement effective debt recovery strategies to achieve recovery targets
  • Ensure timely collection of overdue amounts and resolution of non-performing loans
  • Lead, train, and motivate a team of recovery agents to achieve individual and team targets
  • Engage with customers to negotiate repayment plans and settlements
  • Ensure a customer-centric approach while dealing with delinquent accounts to maintain the company's reputation
  • Liaise with legal teams to initiate legal proceedings against defaulters when necessary
  • Coordinate with internal departments such as sales, finance, and legal to ensure smooth recovery operations
  • Identify potential risks in the debt recovery process and implement measures to mitigate them

Experience:

  • Minimum of 3-6 years of experience in debt recovery, collections, or related field, preferably within the financial services industry.
  • Proven experience in managing teams and handling large portfolios.

Open Location

NASIK, KOLHAPUR, LATUR, MUMBAI, NAGPUR, SOLAPUR

Skills and Competencies:

  • Strong understanding of debt recovery processes and regulations.
  • Excellent communication, negotiation, and interpersonal skills.
  • Leadership and team management abilities.
  • Analytical thinking and problem-solving skills.
  • Proficiency in MS Office and familiarity with debt recovery software.

Key Performance Indicators (KPIs):

  • Recovery rate and reduction in NPA.
  • Team productivity and achievement of recovery targets.
  • Compliance with regulatory and company policies.
  • Customer satisfaction and complaint resolution rate.
  • Timeliness and accuracy of reporting.

Working Conditions:

  • Regular travel within the assigned territory.
  • Interaction with customers, legal teams, and recovery agents.
  • Handling of sensitive financial information and customer data.

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