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Recovery Manager

3 months ago

mumbai, India Careerfit.ai Full time

Responsibilities:

  • Develop and implement recovery strategies to manage and reduce delinquent accounts.
  • Monitor and track overdue accounts, coordinating with the collections team to ensure timely recovery of outstanding debts.
  • Analyze data to identify trends and develop action plans for improving recovery rates.
  • Negotiate payment plans and settlements with delinquent customers.
  • Collaborate with legal teams to initiate and manage legal proceedings against defaulters, when necessary.
  • Prepare and present regular reports on recovery performance to senior management.
  • Ensure compliance with all relevant regulations and company policies.

Requirements:

  • Bachelor’s degree in Finance, Business Administration, or a related field.
  • Proven experience in credit recovery or collections management, with at least 5 years in a supervisory role.
  • Strong understanding of debt recovery processes and legal requirements.

Skills:

  • Recovery Strategy Development: Creating and implementing strategies to manage and reduce delinquent accounts.
  • Data Analysis: Analyzing data to identify trends and improve recovery rates.
  • Negotiation: Negotiating payment plans and settlements with customers.
  • Compliance: Ensuring adherence to relevant regulations and company policies.

Preferred:

  • Professional certifications in credit management or collections.
  • Strong problem-solving and analytical skills.
  • Excellent communication and negotiation abilities.
  • Proficiency in recovery management software and tools.