Regional Collection Manager

Job description

13.5pt; font-family: "Times New Roman", "serif";">Key Responsibilities:

1. Collection Strategy & ExecutionRead more

   13.5pt; font-family: "Times New Roman", "serif";">Key Responsibilities:

   1. Collection Strategy & Execution:
   • Develop and implement strategies for effective loan recovery and reduction of NPAs.
   • Analyze delinquency trends and provide insights to improve collection processes.
   • Oversee the performance of collection teams to ensure timely and accurate recovery.
   2. Team Management:
   • Lead, mentor, and monitor the performance of regional collection teams.
   • Set performance targets and provide necessary training to collection officers.
   • Conduct regular meetings and reviews to ensure alignment with organizational goals.
   3. Debt Recovery:
   • Handle escalations of complex cases and collaborate with legal teams for recovery through legal actions if required.
   • Engage with clients for debt negotiation and settlement to maximize recovery.
   • Monitor compliance with RBI guidelines and internal policies.
   4. Reporting & Analysis:
   • Prepare and present weekly/monthly reports on collection performance, NPAs, and recovery status.
   • Analyze and evaluate the collection performance across different branches within the region.
   5. Stakeholder Collaboration:
   • Coordinate with branch managers and other stakeholders to ensure smooth functioning of the collection process.
   • Work closely with the credit risk and operations teams to understand and resolve issues impacting collections.
   6. Compliance & Risk Management:
   • Ensure all collection activities are in strict compliance with legal and regulatory standards.
   • Identify risks associated with non-recovery and suggest mitigative actions.

   Required Skills & Qualifications:

   • Proven experience of 12+ years in collections or recovery management, preferably in financial services or banking.
   • Strong knowledge of debt collection regulations, RBI guidelines, and legal frameworks.
   • Leadership experience in managing large teams and regional operations.
   • Analytical mindset with excellent problem-solving skills.
   • Excellent communication, negotiation, and interpersonal skills.
   • Proficiency in using collection management systems and reporting tools.

   Educational Requirements:

   • Bachelor's degree in Finance, Business Administration, or a related field (Master's degree is preferred).

   Location: Varies based on the regional assignment.

   This role requires a dynamic professional with an in-depth understanding of collections, people management, and legal frameworks in financial recovery.

   
   

   Experience-12 Years - 16 YearsJob Type-Full TimeIndustry-Banking / Financial Services / BrokingSalary-