Debt Manager-Flows-2 Wheeler Loan

Job Title – Debt Manager-Flows-2 Wheeler Loan

Business Unit – Retail Banking

Function – Collections

Job Purpose

The role bearer has the responsibility to plan, organize, direct, and oversee the activities of the collections department. It also includes managing the agencies associated with the company in their assigned territory. The role bearer is responsible for the efficiency and optimization of retrieving EMI from the customers and ensuring adherence to all the guidelines laid out by the bank, contributing to the larger organizational objectives of the bank.

Responsibilities

Roles & Responsibilities:

• Responsible for managing and undertaking collections process for debts that have been assigned.
• Regularly track the portfolio for specific buckets for the assigned area
• Track & control the delinquency of the area, Bucket-wise & DPD wise and focus on non-starters.
• Responsible for allocating and achieving targets from agencies/ in house team.
• Regularly follow up with the default customers
• Ensuring adherence to collection process and legal guidelines
• Tracing out absconded default customers and initiate recovery process
• Recommend legal actions for non-recoverable cases and following up with the legal team for the closure of the cases.
• Maintain data for administrative work related to collection such as updating delinquent account history, providing, and maintaining MIS report, reviewing of collection feedback on daily, weekly & monthly basis.

Educational Qualifications

Graduate – Any Graduate

Postgraduate – Any Postgraduate

Experience: 2 to 5 years of experience in Two-Wheeler Debt Collection.