Geography Collections Head

4 weeks ago


Chandigarh, Chandigarh, India Axis Bank Full time

The Portfolio Monitoring Specialist will be responsible for overseeing the collections process within the geography. This involves monitoring irregularities in various buckets, including 8 – 30 DPD, 31 – 60 DPD, 61 – 90 DPD, and 90+, and guiding the Circle Collections team on the necessary steps to take.

Key Responsibilities:

  • Driving the CBG Collections Team within the geography
  • Designing collection strategies and deploying effective monitoring mechanisms, including setting up collections processes and review mechanisms
  • Containing irregularity levels in various buckets
  • Containing incremental NPAs (NPA additions) in the portfolio
  • Triggering legal action on chronic accounts, in line with the policy
  • Recoveries/upgrades in coordination with other teams
  • Providing feedback to Coverage/Product/Risk teams wherever applicable
  • Monitoring accounts appearing irregular due to No Credit, Non-Renewal, Non-submission of stock statements
  • Gathering market intelligence by building a network with collections teams across organizations

Qualifications:

Optimal qualification for success on the job is:

  • Graduate/Post Graduate from a recognized institute
  • Experience of managing Corporate collections/collections of secured products (Retail or Consumer Lending)

Role Proficiencies:

For successful execution of the job, the candidate should possess the following:

  • Good communication skills
  • Process orientation
  • Understanding of legal acts and principles


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