Associate Debt Manager-Recoveries

3 days ago


Mumbai, Maharashtra, India IDFC FIRST Bank Full time
Job Description

Job Requirements

Role/Job Title: Associate Debt Manager-Recoveries

Department: Collections

Job Purpose

IDFC FIRST Bank is seeking a highly motivated and experienced Associate Debt Manager-Recoveries to join our Retail Banking team in Mumbai, Maharashtra. As an Associate Debt Manager-Recoveries, you will be responsible for managing the recoveries of delinquent accounts in the BIL, Personal Loan, and MBL portfolios.

Roles & Responsibilities

- Develop and implement strategies to recover delinquent accounts in the BIL, Personal Loan, and MBL portfolios
- Monitor and track delinquent accounts and take necessary actions to minimize losses
- Conduct field visits to delinquent customers and negotiate repayment plans
- Coordinate with internal teams and external agencies for legal actions and recovery efforts
- Maintain accurate and up-to-date records of all recovery activities
- Analyse data and provide insights to improve recovery processes and strategies
- Ensure compliance with all regulatory and internal policies and procedures
- Build and maintain relationships with customers to facilitate timely repayments
- Provide regular updates and reports to senior management on recovery efforts and results

Education Qualification

Graduation:- Any Graduate

Experience: 2-5 Years of experience in Collections

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