Debt Collector/ Loan Collector

5 months ago

Jamshedpur, India Capitallinks Full time

We are looking for a collections officer to oversee the procedures to reduce the amount of unpaid debt the company incurs. You will also be responsible for negotiating extensions with clients or write-off debt to minimize the company’s potential loss of income.

To be a successful collections officer, you should be analytical and have great report writing skills. Ultimately, a top-notch collections officer should have extensive knowledge of collection laws, and continuously find ways to improve the company’s debt recovery.

**Collections Officer Responsibilities**:
Overseeing accurate and timely invoicing of customers.

Setting payment collection goals and targets for the department.

Creating and implementing a strategy to improve the collection of outstanding credit.

Implementing collection policies and procedures to avoid excessive outstanding credit.

Ensuring that the company policy on recoveries is followed and that it is in line with state and federal regulations.

Implementing deadlines for invoicing and payment collection.

Negotiating with customers in cases when non-payment occurs.

Preparing monthly feedback reports on payment collections.

Remaining informed of any legislative procedural training regarding debt collection.

Training and mentoring of staff members in the collections department.

**Collections Officer Requirements**:
Bachelor’s degree in finance, accounting, or a related field.

1-3 year’s experience as a collections officer or freshers

The ability to work accurately and independently.

Good verbal and written communication skills.

Excellent analytical skills and an eye for detail.

Outstanding leadership and managerial skills.

Strong time and people management skills.

Ability to work to strict deadlines.

**Perks & Benefits**:
CTC:

- Best in Industry + Travelling expenses + Good incentives Structure

**Job Types**: Full-time, Fresher

**Salary**: ₹8,086.00 - ₹14,742.12 per month

**Benefits**:

- Internet reimbursement

Schedule:

- Day shift
- Fixed shift

Supplemental pay types:

- Commission pay

**Experience**:

- total work: 1 year (preferred)

Work Location: In person

**Salary**: ₹8,086.00 - ₹12,730.47 per month

Schedule:

- Day shift
- Fixed shift

Supplemental pay types:

- Commission pay

**Experience**:

- total work: 1 year (preferred)

Work Location: In person

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