Consumer Durable Loan Debt Recovery Manager

4 days ago


Hyderabad, Telangana, India IDFC FIRST Bank Full time

Job Description

Role/ Job Title: Consumer Durable Loan Debt Recovery Manager

Function/ Department: Debt Management - Consumer Durable Loans

Job Purpose:

The role bearer is responsible for managing the debt recovery process for Consumer Durable Loans and ensuring adherence to the bank's guidelines to achieve the larger organizational objectives.

Key Responsibilities:

  • Manage the collections process for Consumer Durable Loans and track the portfolio for specific buckets.
  • Monitor and control delinquency, bucket-wise and DPD-wise, and focus on non-starters.
  • Allocate and achieve targets from agencies/in-house teams and regularly follow up with default customers.
  • Ensure adherence to the collection process and legal guidelines, tracing out absconded default customers and initiating recovery processes.
  • Recommend legal actions for non-recoverable cases and follow up with the legal team for case closure.
  • Maintain data for administrative work related to collection, updating delinquent account history, and providing MIS reports.

Education Qualification:

Graduation: Any Graduation

Experience: 2 to 5 years of experience in Consumer Durable Loans



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