Debt Manager-Flows-Business Loan
IDFC FIRST Bank
Date: 5 hours ago
City: Coimbatore, Tamil Nadu
Contract type: Full time
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 within the assigned territory. The role focuses on optimizing the efficiency of EMI recovery from customers while ensuring adherence to all bank guidelines. The Collection Manager contributes to the broader organizational objectives of the bank through effective debt management.
Key Responsibilities
Primary Responsibilities
Education
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 within the assigned territory. The role focuses on optimizing the efficiency of EMI recovery from customers while ensuring adherence to all bank guidelines. The Collection Manager contributes to the broader organizational objectives of the bank through effective debt management.
Key Responsibilities
Primary Responsibilities
- Manage and undertake the collections process for assigned debts.
- Regularly track the portfolio for specific buckets within the assigned area.
- Monitor and control delinquency by bucket and Days Past Due (DPD), with a focus on non-starters.
- Allocate and achieve collection targets through agencies and in-house teams.
- Follow up regularly with defaulting customers.
- Ensure adherence to collection processes and legal guidelines.
- Trace absconded default customers and initiate recovery procedures.
- 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 and MIS reports.
- Review 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 the Retail Banking business to enhance operational efficiency and customer service.
Education
- Graduate – Any discipline
- Postgraduate – Any discipline
- Minimum of 2 to 5 years of experience in collections.
- Strong understanding of collection processes and legal compliance.
- Ability to manage teams and external agencies effectively.
- Excellent communication and follow-up skills.
- Proficiency in maintaining MIS reports and analyzing collection feedback.
- Problem-solving skills and ability to recommend process improvements.
How to apply
To apply for this job you need to authorize on our website. If you don't have an account yet, please register.
Post a resumeSimilar jobs
Product Sales Manager
YES BANK,
Coimbatore, Tamil Nadu
4 hours ago
Strategy and Planning Sourcing / lead generation of Agri PSL & NCF cases through Commodity Finance & WC/ TL. Preparation of the Credit proposals along with BU and engagement with Credit in underwriting. End to end management of Commodity finance clients from sourcing to sanction and repayment. Post sanction documentation, Limit setup and other activities like empanelment of CM, warehouse...
Software Engineer Professional (Testing)
Mettler-Toledo International, Inc,
Coimbatore, Tamil Nadu
2 weeks ago
About Mettler ToledoMETTLER TOLEDO is a leading global supplier of precision instruments and services. We are recognized as an innovation leader and our solutions are critical in key R&D, quality control, and manufacturing processes for customers in a wide range of industries including life sciences, food, and chemicals. We operate throughout the world with a culture shaped by innovation and...
Accessibility Testing
Cognizant,
Coimbatore, Tamil Nadu
2 weeks ago
Job SummaryJD for TD Bank SA:Minimum 5-11 years of experienceStrong understanding of the accessibility testing process and experience providing Accessibility testing approaches, estimations and requirementsStrong Subject Matter Expertise in WCAG 2.1/2.2, Section 508, ADA, other accessibility laws and standardsSignificant knowledge in identifying accessibility issues using WAI ARIA, HTML, CSS, etc. to ensure compliance with W3C Web Content Accessibility Guidelines (WCAG)...
