Debt Recovery Specialist
2 days ago
Job Overview:
IDFC FIRST Bank is seeking a skilled Debt Recovery Specialist to join our team. As a key member of our debt management department, you will be responsible for managing and overseeing the collection process for assigned debts.
Key Responsibilities:
- Plan, organize, direct, and oversee the activities of the debt management department
- Manage agencies associated with the company in their assigned territory
- Ensure the efficiency and optimization of retrieving EMI from customers and adherence to all guidelines laid out by the bank
- Track and control delinquency of the area, bucket-wise and DPD wise, focusing on non-starters
- Allocate and achieve targets from agencies/in-house team
- Regularly follow up with default customers
- Ensure adherence to collection process and legal guidelines
- Tracing out absconded default customers and initiate recovery process
- Recommend for legal actions for non-recoverable cases and following up with the legal team for case closure
- Maintain data for administrative work related to collections such as updating delinquent account history, providing and maintaining MIS reports, reviewing collection feedback on daily, weekly and monthly basis
Requirements:
- 2-5 years of experience in debt recovery or portfolio management
- Graduation in any field
Salary: ₹8,00,000 - ₹12,00,000 per annum
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