Associate Debt Manager-Flows-Consumer Durable

Job Requirements

About the Role

The Associate Collection Manager – Rural 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. The role contributes to the broader organizational objectives of the bank. Native / Locals preferred due to geographical knowledge

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 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 processes.

• Recommend legal actions for non-recoverable cases and follow up with the legal team for case closures.

• Maintain administrative data related to collections, including updating delinquent account history, maintaining MIS reports, and reviewing collection feedback on a daily, weekly, and monthly basis.

Secondary Responsibilities