Cash Recovery Specialist
3 days ago
Job Title: Cash Recovery Specialist
Job DescriptionOverview:
We seek a highly motivated and experienced cash recovery specialist to join our team in Jaipur, India.
Key Responsibilities:
- Collect cash for assigned areas and achieve targets on various parameters like resolution, flows, credit cost, and roll rates (depending on the bucket).
- Efficiently manage Non-Performing Assets (NPAs) and minimize them through active efforts.
- Increase fee income/revenue and develop initiatives to control vendor payouts.
- Conduct asset verifications and possessions as per SARFESI/Section 9 process through court receivers.
- Track and control delinquency of the area (Bucket & DPD wise) and focus on nonstarters.
- Ensure customer satisfaction by resolving issues quickly within specified timelines.
- Build relationships with key clients to ensure timely collections are made and monitor defaulting customers through regular follow-ups.
- Represent the organization in front of legal/statutory bodies as required and ensure the collection team adheres to legal guidelines.
- Allocate work to field executives and ensure agencies perform as per defined Service Level Agreement (SLA), ensuring payments and audit receipts are deposited within defined SLA.
- Ensure adequate Feet on Street availability area-wise/bucket-wise/segment-wise and obtain daily updates from all collection executives on delinquent portfolio & initiate detailed account level review of high ticket accounts.
- Maintain compliance with all Audit/NHB/IRB regulations as well as company policies and procedures.
Required Skills and Qualifications:
Qualifications:
- Graduate: Yes
- Masters/Postgraduate: Optional
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