Area Collections Manager - Secured flows
Aditya Birla Group · Not specified · onsite · Posted 44d ago
Not disclosedFresherfulltimeSourced from
About a minute. You'll make an account on the way through.
About this role
Achieve collections targets and financial goals for the area
- Monitor and Control delinquency and minimize credit losses for portfolio
- Drive higher resolution rates.
- Ensuring adequate headcount availability location-wise / bucket-wise / segment-wise.
- Ensure Charge offs are minimized and higher recoveries from charge-off accounts.
- Review, maintain control and minimize the cost incurred towards collections of dues.
- Daily monitoring and regular reviews of delinquent portfolio to make account level
- Monitor customer accounts across the region, identifying and flagging likely cases of default or delayed payment
- Work with non-performing defaulting borrowers to create optimum recovery solutions
- Developing various MISs to show different cuts and trends in the portfolio which can lead to necessary corrective action by collections team to enhance their performance and shows area of improvement.
- Provide regular inputs to Management and all the other stakeholders such as Sales, Risk, Policy Team on various aspects of collections resolution and delinquency trends, Negative Areas, Negative Profile, Non-Starters, SKIPs, Fraud Cases, etc.
- Liaise with agencies to drive collections processes efficiently.
- Oversee selection processes for externa agencies
- Continuously monitor agency performance
- Exercise adequate control on agencies to ensure collection of overdue debts in a timely manner
- Ensure that all documentation related to the collections process is maintained in accordance with internal norms and regulatory requirements
- Respond to customer complaints regarding the collections process, taking steps to ensure a satisfactory outcome for both ABFL as well as its customers
- Plan and implement periodic audits of the collections teams, ensuring their compliance with all relevant policies and regulations
- Coordinate with the legal team and senior management in the event of escalated cases to ensure compliance with relevant regulations
- Provide oversight and be a coach and mentor for the team
- Ensure regular functional & behavioral trainings of team members in collaboration with HR
- Participate in relevant talent management and people development activities to ensure a healthy pipeline and an engaged team
Sourced from foundit
Skills
Portfolio review and monitoringPeople managementCompliance and AuditVendor Management
About Aditya Birla Group
Aditya Birla Group
Metals & Mining
227.5k+
employees
1857
169 years old
Mumbai, Maharashtra
India
About
Aditya Birla Group is a Fortune 500 global conglomerate. The company's businesses have grown into global powerhouses in a wide range of sectors metals, textiles, carbon black, telecom and cement.
Industries
Metals & MiningFinancial ServicesBuilding MaterialRetailTelecomChemicals
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