Collection manager (personal Loan)
Praxis HR Solution · Hyderabad · onsite · Posted 41d ago
About a minute. You'll make an account on the way through.
About this role
Description
We are seeking a motivated Collection Manager for our Personal Loan division in India. This role involves overseeing the collections process to ensure timely and effective recovery of outstanding loans while maintaining positive customer relationships.
Responsibilities
- Manage and oversee the collections process for personal loans, ensuring timely recovery of outstanding payments.
- Develop and implement collection strategies to improve recovery rates and minimize defaults.
- Analyze customer accounts and assess the risk of default to prioritize collections efforts.
- Communicate with customers regarding their accounts, payment plans, and potential solutions to resolve overdue payments.
- Collaborate with internal teams to address customer issues and provide feedback on trends in loan defaults.
- Prepare and present regular reports on collection performance and outstanding debt to senior management.
- Maintain accurate records of all collection activities and customer interactions.
Skills and Qualifications
- Bachelor's degree in Finance, Business Administration, or a related field.
- 4-13 years of experience in collections, preferably in the personal loan sector.
- Strong understanding of credit and collections processes, including relevant laws and regulations in India.
- Excellent communication and negotiation skills to effectively interact with customers and resolve issues.
- Proficiency in using collection software and Microsoft Office Suite, especially Excel for data analysis.
- Ability to analyze financial data and make informed decisions regarding collections strategies.
- Strong organizational skills and attention to detail to manage multiple accounts effectively.
Sourced from foundit
Skills
About Praxis HR Solution
Praxis HR Solution
Recruitment
11-50
employees
New Delhi, Delhi
India
₹3.6L PA avg
Avg at Praxis HR Solution
About
Since our inception in 2007, we have embarked upon a path on which we cater to the demands of a booming and one of the largest job markets in the world. With clientele from various sectors and industries, in countries across India, Middle East, Africa, Europe, USA and South East Asia we have carved a niche for ourselves in achieving new standards in Professional Recruitment Solutions.
LOB's we are expert in all kind of recruitment's are: Pharma, Healthcare, Telecom, BFSI, Logistics, Telecom etc.
Scaling new heights with every passing day. The belief beneath the foundation lies in the fact that it is very important to love your work for which it is very important to meticulously weigh the recruitment factors – the expectations, the skills set and the market scenario.
We design, build and ignite innovations in recruitment and retention strategies. We exhaust ourselves in unique approaches and best practices to convert potential talent into future team leaders and game changers. With a pan India presence we reckon to cater to a dynamic sense of human value chain that reeks of professionalism and dedication.
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