Recovery cum Development Officers

4 days ago

Patancheru, Telangana, India Margadarsi Chit Fund Full time ₹ 25,000 - ₹ 40,000 per year

Company Overview

Margadarsi Chit Fund Private Limited, part of the Ramoji Rao Group, is a trusted name in financial services with over 62 years of experience. Renowned for customer-centric and diversified financial solutions, the company operates 128 branches across Telangana, Andhra Pradesh, Karnataka, and Tamil Nadu. Headquartered in Hyderabad, Margadarsi Chit Fund is an industry leader with over 1,000 employees. For more information, visit

Job Overview

The position of Recovery Cum Development Officer is a junior-level, full-time opportunity located in Patancheru, Narsingi, and Serilingampalle. Ideal candidates will have 1 to 3 years of relevant work experience in the financial services industry, focusing on customer engagement, recovery activities, and business development initiatives.

Qualifications and Skills

  • Demonstrated expertise in communication skills (Mandatory skill), enabling you to effectively interact with customers and team members to ensure clarity in all financial processes and recoveries.
  • Experience in business development (Mandatory skill), driving growth by tapping into new customer segments and expanding service reach in allocated regions.
  • Comprehensive marketing skills (Mandatory skill) for planning and executing promotional activities and campaigns to attract new customers and promote company offerings.
  • Strong background in customer relationship management, ensuring high levels of customer satisfaction and loyalty through prompt resolution of issues and consistent engagement.
  • Proficiency in target management, with a track record of achieving or surpassing assigned recovery and development goals within specified timelines.
  • Computer literacy, enabling effective usage of CRM tools and digital platforms to manage client portfolios and track recovery processes.
  • Capability to analyze market trends and customer feedback, recommending actionable strategies to enhance recovery rates and accelerate business growth.
  • Organizational skills including time management and documentation, crucial for maintaining accurate records, scheduling follow-ups, and completing reports on recovery and development activities.

Roles and Responsibilities

  • Execute recovery processes by following up with customers for timely collection of dues while maintaining cordial relationships.
  • Implement business development strategies to identify prospective clients and convert leads into active customers in assigned branches.
  • Create and manage customer databases, ensuring that customer details and recovery status are up-to-date for quick referencing.
  • Conduct field visits to engage customers, address concerns, resolve queries, and provide updates on financial products and services.
  • Coordinate closely with branch teams and management, ensuring alignment between recovery initiatives and company targets.
  • Promote financial products and services to increase customer base and retention rates, contributing to the company's overall growth.
  • Prepare and submit daily, weekly, and monthly reports detailing recovery status, business development activities, and achieved targets.
  • Adhere to company policies and regulatory guidelines, ensuring transparent processes and safeguarding both company and customer interests.

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