Collection Executive
3 months ago
**1. PURPOSE OF JOB**
Monitoring of accounts causing concern with a view to prevent their slippage and devising/ implementing strategies to make recoveries from NPAs and written-off accounts.
2.1 **RESPONSIBILITIES**
To identify accounts which are above sanctioned limits/ expiry of limits/ where full compliance of terms of sanction remains pending/ showing other early and late warning signals, causing concern
To follow up on all the 4 categories stated above to bring about improvement/rectification of unsatisfactory features and to escalate issues to higher management
Meeting recovery targets
Reminder letters to such credit customers
Attending customers issues and correspondence
Restructuring/ reschedulement/ compromise
Preparation of BOT returns, Board papers, covenants for loans from DFIs and other related MIS
Proposing accounts to be downgraded into NPA.
Handling of various audits including external and internal
Full compliance of regulatory and policy norms/ directives
Identifying accounts for filing of suits.
Devising strategies to ensure maximum recovery on all written off accounts.
Attending court hearing sessions as bank’s witness.
Call customer / borrowers in which their accounts indicate defaults, to negotiate the plan for repayments.
Write formal letters to remind customer to clear outstanding dues.
Issue Legal demand notices
Engage debt collectors in the recovery.
Visit customers to evaluate the progress of their business
Regular contact withCorporate and Branch staff
Regular contact with other lenders, Debt collectors, courts and external auditors
3 **QUALIFICATIONS AND EXPERIENCE**
Must be a graduate in Banking and Finance or related field.
Must have at least 5 years of working experience
Knowledge of legal matters
Relevant experience in credit risk
4 **COMPETENCIES**
Having a proven record of managing recovery function at a senior level.
Having a better understanding of dealing with Customers problems
Having good negotiation skills.
Good Analytical skills
Having wide understanding of the Tanzanian market.
Hard working
Good decision making skills
Proactive
Pay: ₹15,000.00 - ₹25,000.00 per month
Schedule:
- Morning shift
- Night shift
Supplemental Pay:
- Performance bonus
Ability to commute/relocate:
- Palakkad, Kerala: Reliably commute or planning to relocate before starting work (required)
**Experience**:
- total work: 3 years (preferred)
Work Location: In person
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