Deputy Area Manager - Debt Management Services - The Wheels - 2W/3W
Bajaj Finserv
Date: 2 days ago
City: Thrissur, Kerala
Contract type: Full time
Location Name: Thrissur New
Job Purpose
To assist the organization in collecting outstanding dues and Non-Performing Loans (NPLs) for DMS- The Wheels – 2W/3W across all payment buckets, aiming to reduce outstanding amounts.
Duties And Responsibilities
Attain EMI and penalty collection objectives.
Reposition vehicles in cases of defaults.
Close cases by securing settlement amounts.
Explore diverse customer communication approaches for effective recovery.
Strategize and allocate tasks to agencies.
Conduct on-site checks to validate procedural adherence.
Ensure prompt payment deposits by Field Officers (FOS).
Guarantee timely payments to vendors as per the schedule.
Conduct training sessions for agents working with vendors.
Ensure team compliance with Standard Operating Procedures (SOPs) during customer interactions.
Gather customer feedback to improve the collection process.
Conduct training sessions to enhance the team's collection skills.
Align stakeholders with the collection strategy.
Realign case priorities based on defined deliverables and objectives.
Identify high potential talent and provide opportunity to groom them for future roles
Provide ongoing coaching, mentoring, and performance feedback to ensure the team's success.
Set clear targets, train & motivate the team, and foster a positive and collaborative work environment.
Key Decisions / Dimensions
Following Decisions Are Taken By The Role
Appointment of Vendors
Major Challenges
Managing assertive customers in default
Dealing with deliberate defaulters
Sustaining a high team morale
Required Qualifications And Experience
Job Purpose
To assist the organization in collecting outstanding dues and Non-Performing Loans (NPLs) for DMS- The Wheels – 2W/3W across all payment buckets, aiming to reduce outstanding amounts.
Duties And Responsibilities
- Managing Collection Targets
Attain EMI and penalty collection objectives.
Reposition vehicles in cases of defaults.
Close cases by securing settlement amounts.
Explore diverse customer communication approaches for effective recovery.
- Vendor Management
Strategize and allocate tasks to agencies.
Conduct on-site checks to validate procedural adherence.
Ensure prompt payment deposits by Field Officers (FOS).
Guarantee timely payments to vendors as per the schedule.
Conduct training sessions for agents working with vendors.
- Executing Recovery Procedures
Ensure team compliance with Standard Operating Procedures (SOPs) during customer interactions.
Gather customer feedback to improve the collection process.
Conduct training sessions to enhance the team's collection skills.
- Stakeholder Management
Align stakeholders with the collection strategy.
Realign case priorities based on defined deliverables and objectives.
- Team Management
Identify high potential talent and provide opportunity to groom them for future roles
Provide ongoing coaching, mentoring, and performance feedback to ensure the team's success.
Set clear targets, train & motivate the team, and foster a positive and collaborative work environment.
Key Decisions / Dimensions
Following Decisions Are Taken By The Role
Appointment of Vendors
Major Challenges
Managing assertive customers in default
Dealing with deliberate defaulters
Sustaining a high team morale
Required Qualifications And Experience
- Qualifications
- Key skills required
- Minimum 8-10 years of work experience in a finance industry in recoveries of two wheelers
- Experience of managing a team is required
- Communication Skills & Stakeholder Management
- Good knowledge and connect with legal entities
- Leadership qualities
- Result Oriented Mindset
- Good team player
- Motivation skills
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