Area Collection Head- LAP and Vehicle Loans

Heritage Finlease Limited; Hyderabad; On-site; INR 800,000 - 1,200,000; Full time

Job summary

Heritage Finlease Limited, a Hyderabad-based NBFC, seeks an experienced Area Collection Head to manage collections and recovery for LAP and vehicle loans. You will oversee OD follow-ups, agency coordination, delinquency control and target achievement.

You will lead collection executives and field teams, monitor performance, and ensure compliance with RBI guidelines while driving portfolio quality and timely reporting.

Qualifications

• 5–10 years of experience in collections and recovery in NBFC/banking sector.
• Experience in LAP and Vehicle Loan collections preferred.
• Strong communication, negotiation and MIS reporting skills.

Responsibilities

• Manage end-to-end collection and recovery for LAP and Vehicle Loan portfolios.
• Coordinate with external agencies for overdue follow-ups and recovery.
• Monitor daily collection performance, overdue accounts and DPD buckets.

Skills

Communication

Negotiation

MIS reporting

Team management

Education

Bachelor's degree or equivalent

Postgraduate qualification

Tools

MS Excel

Job description

Job Role : Area Collection Head LAP & Vehicle Loans

Employment Type : Fulltime

Location : Hyderabad, Telangana

Experience : 5–10 Years

Department : Collections & Recovery

Company Description

Heritage Finlease Limited is a NBFC company based out of Hyderabad, Telangana , India.

Website : www.heritagefinlease.in

Job Summary

We are looking for an experienced Collection Manager to manage collections and recovery for LAP and Two-Wheeler Loan portfolios. The candidate will be responsible for overdue (OD) follow-ups, collection agency coordination, delinquency control, and achieving collection targets.

Key Responsibilities

• Manage end-to-end collection and recovery activities for LAP and Vehicle Loan portfolios.
• Coordinate with external collection agencies for overdue follow-ups and recovery.
• Monitor daily collection performance, overdue accounts, and DPD buckets.
• Ensure achievement of monthly collection targets and reduction in overdue outstanding.
• Manage and monitor collection executives, field teams, and agency performance.
• Follow up on high-risk, chronic overdue, and NPA accounts.
• Prepare daily, weekly, and monthly collection MIS and performance reports.
• Coordinate with credit, legal, and business teams for resolution of stressed accounts.
• Ensure compliance with company policies, applicable RBI guidelines, and fair collection practices.

Required Skills & Qualifications

• Graduate in any discipline; postgraduate qualification is an added advantage.
• 5–10 years of experience in collections and recovery in an NBFC or banking sector.
• Experience in LAP and Vehicle Loan collections preferred.
• Strong knowledge of OD follow-ups, delinquency management, and recovery processes.
• Experience in handling collection agencies and field collection teams.
• Good communication, negotiation, team management, and MIS reporting skills.

Key Performance Indicators (KPIs)

• Monthly collection target achievement.
• Reduction in overdue outstanding and delinquency.
• Collection agency performance and recovery efficiency.
• Control of NPA and improvement in portfolio quality.
• Timely reporting and compliance with collection policies.

Email : [e-mail]