Debt Collection Executive

1 week ago

Ramesh Nagar DelhiNCR, India Dealz Management Technologies Private Limited Full time ₹ 2,00,000 - ₹ 6,00,000 per year

A debt collector's job is to pursue and recover overdue payments from individuals or businesses by communicating with debtors, negotiating payment plans, maintaining accurate records, and ensuring compliance with all relevant legal and company policies. Key responsibilities include initiating contact with customers to discuss outstanding debts, evaluating their financial situations to create practical repayment terms, and using collection software to manage accounts and document interactions.

Key Responsibilities

  • Customer Contact & Communication: Initiating contact with debtors via phone, email, or mail to discuss outstanding debts.
  • Negotiation: Collaborating with debtors to establish acceptable payment plans or settlements that balance the interests of both parties.
  • Account Management: Tracking delinquent accounts, managing multiple accounts, investigating discrepancies, and updating customer information in the database.
  • Record Keeping: Maintaining detailed and accurate records of all customer interactions, account details, and payment statuses.
  • Legal & Policy Compliance: Adhering to all applicable federal, state, and local laws and company policies regarding debt collection, ensuring professional and ethical conduct.
  • Problem Solving: Resolving billing errors or discrepancies and addressing customer queries or issues related to their accounts.
  • Strategy: Developing and implementing strategies to recover outstanding payments and working to improve collection rates.

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