Area Recovery Manager - Tractor Loan

SkillLabs; Indore District; On-site; INR 800,000 - 1,500,000; Full time

Job summary

SkillLabs is seeking an Area Recovery Manager – Collections for tractor loans in India. You will lead field collectors, monitor delinquencies, and implement recovery strategies to hit monthly targets.

You will coordinate with branches, ensure RBI-compliant practices, and drive portfolio quality while mentoring a team of recovery executives and vendors.

Qualifications

• Experience in tractor loan collections or secured lending.
• Strong negotiation and conflict-resolution skills.
• Ability to lead field collection teams and vendors.
• Knowledge of RBI guidelines for recovery practices.

Responsibilities

• Manage collections and recovery for the tractor loan portfolio.
• Monitor overdue accounts and ensure timely recovery.
• Develop recovery strategies to meet monthly targets.
• Lead and train field collection executives and agents.
• Coordinate with branches and operations to resolve issues.
• Ensure compliance with RBI guidelines and policies.
• Identify high-risk accounts for early intervention.
• Oversee legal recovery and repossession processes when needed.
• Maintain records and prepare performance reports.
• Drive portfolio quality and reduce delinquencies.

Skills

Tractor Loan Collections

Delinquency Management

Field Collections

Team Leadership

Negotiation

Legal Recovery

Portfolio Risk Management

MIS Reporting

Customer Relationship Management

RBI Compliance Knowledge

Job description

Area Recovery Manager – Collections (Tractor Loan)

Roles & Responsibilities

• Manage collections and recovery for the assigned tractor loan portfolio to minimize delinquency.


• Monitor overdue accounts (30+, 60+, 90+ DPD) and ensure timely recovery.


• Develop and implement effective recovery strategies to achieve monthly collection targets.


• Lead, train, and monitor the performance of field collection executives and recovery agents.


• Conduct customer visits and negotiate repayment plans for delinquent borrowers.


• Coordinate with branch sales, credit, and operations teams to resolve collection-related issues.


• Ensure compliance with RBI guidelines, company policies, and ethical collection practices.


• Identify high-risk accounts and initiate early intervention to prevent loan defaults.


• Handle legal recovery cases, repossession processes, and coordination with legal teams when required.


• Maintain accurate records of collection activities, customer interactions, and recovery status.


• Analyze collection MIS reports and prepare daily, weekly, and monthly performance reports.


• Reduce bucket-wise delinquency and improve portfolio quality across the assigned area.


• Resolve customer grievances related to loan repayment and recovery activities.


• Coordinate with external agencies, recovery vendors, and legal partners for efficient recoveries.


• Conduct regular field audits to ensure adherence to collection processes and productivity standards.


• Ensure achievement of recovery, roll-back, and NPA reduction targets.


• Build and maintain strong relationships with branch managers and local stakeholders to support recovery efforts.


• Identify process improvement opportunities to enhance collection efficiency and reduce losses.

Key Skills

• Tractor Loan Collections & Recovery


• Delinquency Management (DPD Buckets)


• Field Collections


• Team Handling & Leadership


• Negotiation & Conflict Resolution


• Legal Recovery & Repossession


• Portfolio & Risk Management


• MIS Reporting & Data Analysis


• Customer Relationship Management


• Knowledge of RBI Compliance and Collection Practices