Area Collection Manager
Posted on :
29-06-2024
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Job Description
Job Responsibilites
- Managing the collections through team of Collection Manager and DMAs
- Responsible for the collections performance on various collection parameters such a)Arrear resolution b) Bucket wise resolutions (Including the Roll forward rates Loan loss provisioning and Penal interest collection for the assigned geographical area.)
- Performance review on field monthly basis and Quarterly performance review of the team of allocated collection targets
- Monthly review (Agency performance acting against the low performer team members DMAs (off rolls) & agencies identifying & suggesting new agencies / DMAs for collection & evaluation & empanelment of these new agencies.
- Ensuring periodic billing & processing of the payouts for the agencies / DMAs as per the approved payout grids.
- Periodic evaluation / correction of the field capacity as per the Average Collection Ratio (ACR)
- Ensuring smooth execution of the various strategies/drives planned by HO/RO for daytoday collection performance improvement.
- Repo kit requirement monitoring the repo Stock inventory compliance to the adhered processes related to repo
- Liquidation of eligible repo assets in coordination with brokers and HO team and collect payment for approved for sale cases
- Periodic requirement of the receipt books / HHTs mobile app codes requests for the agencies monitoring the deposition of collection amount by the agencies action against agencies for nonadherence.
- Recommending for initiation of appropriate legal actions in chronic default cases with coordination with the local legal team members
- Daily productivity MIS should be maintained & shared with the higher management along with the analysis
- Monthly team meeting at hub location for performance review & setting the targets for the next month
- Managing the customer service escalations for collection related issues and Providing inputs on the geo limits negative areas in the geographies handled
- Escalation of sales related issues (registration dealer service issues etc.) for the delinquent cases with the ASMs on a daytoday basis
Required Skills and Experience
- Minimum 58 Years of collection experience in any automotive products like LMVTW3wLCVMCVHCV
- Experience in managing collection agencies
- Exceelent data management skills
- Team handong experience
Employment Type
Full Time
Key Skills
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