Debt Recovery Manager

1 day ago


Bengaluru, Karnataka, India IDFC FIRST Bank Full time

Job Title: Debt Recovery Manager - Credit Portfolio Specialist

IDFC FIRST Bank is seeking a seasoned professional to join our team as a Debt Recovery Manager - Credit Portfolio Specialist. This role will be responsible for managing a team and coordinating operational recovery activities for an area credit portfolio in their assigned territory.

Responsibilities:

  • Manage an area for collections of specific products.
  • Oversee collection efficiency and cost of collections for the assigned area.
  • Track and control delinquency of the area, bucket-wise and DPD wise, focusing on non-starters.
  • Review account allocations and collections targets by bucket to agencies or in-house teams.
  • Regularly follow up with default customers through a dedicated team.
  • Ensure collection agencies and executives adhere to legal guidelines.
  • Monitor productivity by setting parameters for in-house or agencies and reviewing daily performance.
  • Ensure adequate 'Feet on Street' availability area-wise, bucket-wise, or segment-wise.
  • Evaluate and constantly assess agencies or DCTs being appointed.
  • Collaborate with the legal team to ensure legal action is taken on specified cases.
  • Buildeffective relationships with key clients to ensure timely collections.
  • Determine suitable tactics or strategies for timely collections.

Requirements:

  • 5-10 years of experience in collections.

Compensation: The estimated salary for this role is ₹12,50,000 - ₹25,00,000 per annum, depending on qualifications and experience.

IDFC FIRST Bank offers a dynamic work environment, opportunities for growth and development, and a competitive compensation package. If you are a motivated and results-driven individual with excellent communication skills, we encourage you to apply for this exciting opportunity.



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