Senior Debt Recovery Specialist

1 week ago


Hyderabad, Telangana, India IDFC FIRST Bank Full time

Job Summary:

We are seeking an experienced Senior Debt Recovery Specialist to join our team at IDFC FIRST Bank. As a key member of our debt management department, you will be responsible for planning, organizing, directing, and overseeing the activities of the team.

About the Role:

The ideal candidate will have a strong background in debt recovery, with experience in managing collections processes, tracking portfolios, and ensuring adherence to collection processes and legal guidelines. You will be responsible for allocating targets to agencies or in-house teams, following up with default customers, tracing absconded customers, and recommending legal actions for non-recoverable cases.

Responsibilities:

  • Manage and undertake collections processes for assigned debts
  • Track and control delinquency rates, bucket-wise and DPD-wise
  • Focus on non-starters and allocate targets to achieve desired results
  • Regularly follow up with default customers and ensure adherence to collection processes
  • Recommend legal actions for non-recoverable cases and follow up with the legal team for closure
  • Maintain data for administrative work related to collections

Requirements:

To succeed in this role, you will need:

  • 2-5 years of experience in debt recovery or a related field
  • A strong understanding of collection processes and legal guidelines
  • Excellent communication and negotiation skills
  • Ability to work independently and as part of a team

What We Offer:

IDFC FIRST Bank offers a competitive salary range of ₹10,00,000 - ₹20,00,000 per annum, depending on experience. Additionally, we provide opportunities for professional growth and development, a dynamic work environment, and a comprehensive benefits package.



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