Loan Servicing and Recovery Specialist

16 hours ago


India Career Guideline Full time

As a Default Servicing and Management professional, you will be responsible for overseeing various aspects of default servicing and management for our client's US Consumer Loan business.

This role involves collaborating closely with the client's systems and processes to ensure accurate and timely updates related to bankruptcy, legal invoices, document management, repossession, judgment rescheduling, and lawsuit management.

The ideal candidate should have experience in loan servicing, customer interaction, and legal procedures associated with loan defaults.

Key Responsibilities:
  • Collaborate with legal teams, recovery agencies, and stakeholders to resolve defaulted accounts
  • Support the collections process by reviewing accounts and providing recommendations for collection strategies
  • Work with repossession teams to recover assets as needed
  • Track borrower bankruptcy filings and update account statuses
  • Assist in preparing necessary documentation for legal proceedings related to default loans
  • Ensure all system records are accurately updated to reflect the latest status of default accounts
  • Maintain proper documentation for all account actions and communications
  • Generate reports on default loan statuses, settlements, and recovery efforts

Skills Required:

  • Fundamental understanding of loan delinquency, foreclosure, bankruptcy processes, and recovery strategies
  • Efficiently manage a portfolio of default loans, ensuring timely follow-ups and actions
  • Experience working with loan management systems to update and track defaulted loan accounts
  • Strong attention to detail and accuracy
  • Excellent communication skills, both written and verbal
  • Ability to work independently and manage loan portfolios
  • Strong organizational and time management skills
  • Flexible working hours required to accommodate different time zones

Estimated Salary Range: ₹8,00,000 - ₹14,00,000 per annum based on experience and location (Mumbai or Chennai)



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