Associate Debt Manager-Flows-Commercial Vehicle
IDFC FIRST Bank
Date: 2 weeks ago
City: Jaipur, Rajasthan
Contract type: Full time
Job Requirements
About the Role
The Associate Collection Manager – Commercial Vehicle is responsible for planning, organizing, directing, and overseeing the activities of the collections department. This includes managing agencies associated with the company in their assigned territory. The role focuses on optimizing the efficiency of EMI recovery from customers while ensuring adherence to all bank guidelines, thereby contributing to the broader organizational objectives.
Key Responsibilities
Primary Responsibilities
Education
About the Role
The Associate Collection Manager – Commercial Vehicle is responsible for planning, organizing, directing, and overseeing the activities of the collections department. This includes managing agencies associated with the company in their assigned territory. The role focuses on optimizing the efficiency of EMI recovery from customers while ensuring adherence to all bank guidelines, thereby contributing to the broader organizational objectives.
Key Responsibilities
Primary Responsibilities
- Manage and undertake the collections process for assigned debts.
- Regularly track the portfolio for specific buckets in the assigned area.
- Monitor and control delinquency bucket-wise and DPD-wise, with a focus on non-starters.
- Allocate and achieve targets from agencies and 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 case closures.
- Maintain administrative data related to collections, including delinquent account history, MIS reports, and collection feedback on a daily, weekly, and monthly basis.
- Recommend process changes to improve service efficiency and quality.
- Suggest improvements to processes and policies across Retail Banking to drive operational efficiency and high-quality customer service.
- Leverage in-house synergies through collaboration with internal stakeholders.
Education
- Graduate – Any discipline
- Post Graduate – Any discipline
- Minimum of 2 or more years of experience in collections.
- Strong understanding of collection processes and legal guidelines.
- Ability to manage and coordinate with external agencies.
- Excellent tracking and reporting skills.
- Effective communication and negotiation abilities.
- Proficiency in maintaining MIS and administrative records.
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