Senior Debt Recovery Professional

2 days ago

Mumbai, Maharashtra, India beBeeDebtRecovery Full time ₹ 1,50,00,000 - ₹ 2,00,00,000

Job Description:

The position of Senior Debt Recovery Professional involves developing and implementing effective resolution strategies to minimize overdue accounts. The ideal candidate will possess strong leadership skills, a deep understanding of the financial sector, and the ability to manage and lead a team of collection professionals.

Key Responsibilities:

  • Develop and implement effective resolution strategies to minimize overdue accounts.
  • Monitor collections portfolios, analyze trends, and implement corrective actions to improve collection efficiency.
  • Engage with customers to understand their financial situations and negotiate payment plans or settlements.
  • Collaborate with the legal team to manage cases requiring legal intervention, including initiating and following up on legal proceedings.
  • Prepare and present regular reports on resolution activities, performance metrics, and recovery rates to senior management.
  • Ensure all collection activities comply with relevant regulations, industry best practices, and company policies.

Required Skills and Qualifications:

  • Bachelor's degree in Finance, Business Administration, Law, or a related field. A Master's degree or professional certification is a plus.
  • Minimum of 5-6 years of experience in debt recovery and resolutions, preferably within the financial services industry.
  • Proven experience in managing and leading a team of collection professionals.
  • Strong analytical and problem-solving skills with the ability to interpret data and make data-driven decisions.
  • Excellent verbal and written communication skills with the ability to negotiate and influence outcomes.
  • In-depth knowledge of relevant laws, regulations, and compliance requirements in the financial sector.
  • Strong customer service orientation with the ability to handle sensitive situations professionally.

Benefits:

  • Competitive salary and performance-based incentives.
  • Health and wellness benefits.
  • Professional development opportunities.
  • A supportive and collaborative work environment.

Others:

This role requires a strategic thinker with a deep understanding of the financial sector. The ideal candidate will be able to develop and implement effective resolution strategies to minimize overdue accounts while ensuring compliance with relevant regulations and industry best practices.

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