Consumer Durable Loan Debt Recovery Manager
4 days ago
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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