Debt Manager-Flows-Personal Loan

Job Requirements
About the Role
The Collection Manager is responsible for planning, organizing, directing, and overseeing the activities of the collections department. This includes managing the agencies associated with the company in their assigned territory. The role holder is accountable for the efficiency and optimization of EMI recovery from customers while ensuring adherence to all bank guidelines. The position contributes to the larger organizational objectives of the bank.
Key Responsibilities
Primary Responsibilities
Manage and undertake the collections process for assigned debts.
Regularly track the portfolio for specific buckets in the assigned area.
Track and control delinquency of the area, bucket-wise and DPD-wise, with a focus on non-starters.
Allocate and achieve targets from agencies or in-house teams.
Follow up regularly with defaulting customers.
Ensure adherence to the collection process and legal guidelines.
Trace absconded default customers and initiate the recovery process.
Recommend legal actions for non-recoverable cases and follow up with the legal team for closure.
Maintain administrative data related to collections, including updating delinquent account history, and maintaining MIS reports.
Review collection feedback on a daily, weekly, and monthly basis.
Secondary Responsibilities
Recommend process changes to improve service efficiency and quality.
Suggest improvements to processes and policies across the Retail Banking business to drive operational efficiencies and high-quality customer service.
Leverage in-house synergies through collaboration with internal stakeholders.
What We Are Looking For
Education
Graduate – Any discipline.
Post Graduate – Any discipline.
Experience
Minimum of 2 or more years of experience in collections.
Skills and Attributes
Strong understanding of collections processes and legal guidelines.
Excellent communication and negotiation skills.
Ability to manage and motivate teams and external agencies.
Proficiency in maintaining MIS and administrative records.
Analytical mindset with attention to detail.
Ability to work under pressure and meet targets.

Work arrangement
No