Collection head
5 days ago
About the Role:
The position is responsible for handling Pan-India Collections for all products under the Micro Enterprises Banking (MIB) segment. The person will be responsible for ensuring delivery of key performance parameters like credit losses, delinquencies, and other P & L parameters. The person will also be responsible for designing and implementing efficient and effective collections processes and foster a culture of customer service in the collections team.
Responsibilities:
- Design and implement agile, scalable collection strategies for MIB Segment (both secured and unsecured).
- Work closely with product, credit, and analytics teams to fine-tune customer segmentation and risk triggers.
- Manages and controls the operating framework for the department, provides guidance and support, ensures implementation and review of work processes in order to achieve high performance standards and continuous improvement.
- Supports the development of the workforce plan for the division by providing inputs on own department's workforce forecasts.
- Monitor key metrics such as delinquency trends (DPD buckets), collection efficiency ratios, roll forwards, and cure rates (Out of 30+).
- Drive proactive interventions in high-risk segments through data-led insights and dynamic resource allocation.
- Working closely with Business & Credit Teams on the Early warning systems (EWS) Triggers and working on a timebound plan for exit or improvement.
- Build and lead a high-performing pan-India in-house collections team.
- Monitor performance and compliance of the team.
- Drive strong field productivity through KPI-based performance frameworks.
- Ensure adherence to RBI's Fair Practices Code and the bank's code of conduct for collections.
- Address escalations and grievances in a structured and timely manner.
- Ensure zero tolerance for misbehavior, coercive tactics, or reputational risk.
- Ensure minimal attrition.
Qualifications:
- Essential:
Graduate / Postgraduate in Finance, Management, or related field. - Preferred:
Minimum of 20 years of experience in collections, with at least 5 years in MSME Segment or related segments in a private sector bank or NBFCs.
Required Skills:
- Customer and Quality Focus
- Professional Entrepreneurship
- Drive for Results
- Influence and Impact
- Integrity
- Lead and Develop people
- Enables Change
- Build transparent and inclusive teams
Preferred Skills:
- Experience in managing collections in a private sector banking environment.
- Strong operational rigor and commercial acumen.
Equal Opportunity Statement
The company is committed to diversity and inclusivity in the workplace.
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