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Job Id: 451
Job Title: Collections - Mumbai
Industry: Banking, Financial Servcies & Insurance
Functional Area: Sales / Business Development / Client Servicing
Salary: 8 Lac - 10 Lac
Job Location: Mumbai
About the Client

The company is India's Leading Non Banking Finance Company (NBFC) operating in Wholesale & SME Lending.

As part of the business activities,the company is predominantly focused into Asset Financing and Lending business. The Wholesale Lending Business segment provides specialized and holistic solutions to Indian corporates helping them build and grow their businesses with initial funding, mezzanine financing, acquisition financing etc. They focus on products in the structured credit space backed by adequate collaterals and cash flows to build a secured and quality wholesale lending portfolio.

Job Description

1. Managing the In house Team & Collection Agencies handling the delinquent receivable and manages portfolio which directly impacts the delinquency and Credit & Loss Targets.
2. Negotiate with seriously delinquent loan holders and recover repayments to minimize losses and maintain delinquency and credit loss for Housing Loans SME & SCE as per Business targets.
3. Analyze and act on all system generated reports, which will help identify potential problem area and recommend specific action points to help manage the portfolio.
4. Supervise and develop Collection Agents in a manner to enable them to take on higher responsibility within the Collection agency and ensure adherence to collection agency capacity plans.
5. Exercise adequate control over in-house team and external agencies in terms of capacity planning, Recruitment and Training, Productivity, Resolution and Accounts coverage.
6. Ensure legal recourse and follow-up on delinquent accounts where applicable.
7. Conduct periodic audits related to collection agencies and process and ensure that all actions are guided by the current Collection Manual policy.
8. Co-ordination with customer services & other relevant departments resolving queries of Customers.
9. Ensuring timely MIS report to be provided to the Parent Company along with other Audit related documents Impalement of new collection agencies.

Desired Candidate Profile

5-10 years of Collections experience in Mortgages / Equipment Finance / SME Loans

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