Collections Specialist

1 week ago

Hospet, Karnataka, India beBeeCollections Full time ₹ 1,04,000 - ₹ 1,30,878

Job Summary

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  • The role of a Collections Specialist is to oversee and manage receivables for assigned customers, focusing on Non-Performing Assets (NPA), ensuring timely repayment and minimizing defaults.
  • This position requires strict adherence to company processes, repayment guidelines, and collection efforts, while maintaining compliance with regulatory standards and internal policies.
  • Key responsibilities include driving efficient repayment practices to reduce Overdue (OD) amounts, proactively minimizing NPA levels, and restoring overdue accounts to regular status.
  • The Collections Specialist will actively pursue overdue payments using effective communication methods, ensuring timely collection and improved recovery rates.
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About the Role

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  1. Manage Receivables: Oversee and manage receivables for an assigned set of customers, with a focus on accounts marked as Non-Performing Assets (NPA), ensuring timely repayment and minimizing defaults.
  2. Process Compliance: Ensure strict adherence to company processes, repayment guidelines, and collection efforts, while maintaining compliance with regulatory standards and internal policies.
  3. Repayment Efficiency: Drive efficient repayment practices to reduce the Overdue (OD) amount at the branch. Work proactively to minimize NPA levels and restore overdue accounts to regular status.
  4. Timely Payment Collection: Actively pursue overdue payments using effective communication methods, ensuring timely collection and improved recovery rates.
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Requirements

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  • Ability to work independently and collaboratively as part of a team.
  • Strong organizational skills and attention to detail.
  • Effective communication and negotiation skills.
  • Familiarity with regulatory standards and internal policies related to collections.
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Benefits

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  • A competitive salary and benefits package.
  • Ongoing training and development opportunities.
  • A dynamic and supportive work environment.

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