Debt Recovery Specialist
3 weeks ago
Job Overview
IDFC FIRST Bank is seeking an experienced Debt Recovery Specialist to join our team. This role will be responsible for managing a portfolio of debt and developing strategies to recover outstanding balances.
About the Role
The successful candidate will have a strong background in debt recovery, with a minimum of 5-10 years of experience in collections. They will be responsible for tracking and controlling delinquency rates, reviewing account allocations and collections targets, and working closely with legal teams to ensure compliance with legal guidelines.
Key Responsibilities
- Manage a portfolio of debt and develop strategies to recover outstanding balances.
- Track and control delinquency rates, ensuring that front-end delinquencies are minimized.
- Review account allocations and collections targets, identifying areas for improvement and implementing changes as needed.
- Work closely with legal teams to ensure compliance with legal guidelines and regulations.
- Develop and maintain relationships with key clients to ensure timely collections.
Managerial & Leadership Responsibilities
- Lead a team of collectors and provide guidance and support to ensure they are equipped to meet their targets.
Educational Qualifications
Graduate and above.
Experience
Minimum of 5-10 years of experience in collections.
Estimated Salary: ₹8,50,000 - ₹12,00,000 per annum
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