Associate Debt Manager-Recoveries

IDFC FIRST Bank; Ludhiana; On-site; INR 450,000 - 650,000; Full time

Job summary

IDFC FIRST Bank in Delhi, India is seeking an Associate Debt Manager-Recoveries to oversee the recovery of 2-wheeler and pre-owned car loans. You will negotiate payments through field visits and coordinate with internal teams to optimize outcomes.

The ideal candidate has 2+ years in debt recovery, strong negotiation and communication abilities, and willingness to travel within the territory. This is a full-time role in the retail banking unit.

Qualifications

• Bachelor's degree in finance, business administration, or a related field.
• Minimum of 2 years of experience in debt management and recovery, preferably in the retail banking sector.
• Knowledge of 2 wheeler and pre-owned car loan products and processes.
• Strong negotiation and communication skills.
• Ability to work independently and in a team environment.
• Proficient in MS Office and other relevant software.
• Willingness to travel within the assigned territory.

Responsibilities

• Manage the recovery process for 2 wheeler and pre-owned car loans in the assigned territory.
• Monitor delinquent accounts and take actions to recover amounts.
• Conduct field visits to customers' homes and workplaces to negotiate and collect payments.
• Build and maintain relationships with customers to understand their financial situation and provide appropriate solutions.
• Collaborate with internal teams such as legal, risk, and collections to ensure timely and effective recovery.
• Prepare and submit reports on recovery activities and progress to the management team.
• Stay updated on industry trends and regulations related to debt management and recovery.

Skills

Negotiation

Communication

Teamwork

MS Office

Travel flexibility

Education

Bachelor's degree

Job description

Job Requirements

Job Description:

Position: Associate Debt Manager-Recoveries

Company Name: IDFC FIRST Bank

Job Type: Full-Time

Job Category: Retail Banking

Department: Retail Banking > Debt Management-Recoveries > Field > 2 Wheeler & Pre-Owned Cars

Location: Delhi, India

IDFC FIRST Bank is seeking a highly motivated and results-driven individual to join our team as an Associate Debt Manager-Recoveries. As a leading bank in the retail banking sector, we are committed to providing our customers with the best financial solutions and services. We are looking for a candidate who shares our passion for excellence and is dedicated to helping us achieve our goals.

Key Responsibilities

• Manage the recovery process for 2 wheeler and pre-owned car loans in the assigned territory
• Monitor and track delinquent accounts and take necessary actions to recover outstanding amounts
• Conduct field visits to customers' homes and workplaces to negotiate and collect payments
• Build and maintain relationships with customers to understand their financial situation and provide appropriate solutions
• Collaborate with internal teams such as legal, risk, and collections to ensure timely and effective recovery
• Prepare and submit reports on recovery activities and progress to the management team
• Stay updated on industry trends and regulations related to debt management and recovery

Qualifications

• Bachelor's degree in finance, business administration, or a related field
• Minimum of 2 years of experience in debt management and recovery, preferably in the retail banking sector
• Knowledge of 2 wheeler and pre-owned car loan products and processes
• Strong negotiation and communication skills
• Ability to work independently and in a team environment
• Proficient in MS Office and other relevant software
• Willingness to travel within the assigned territory

We Offer

• Competitive salary and benefits package
• Opportunities for career growth and development
• A dynamic and inclusive work environment
• Training and support to enhance your skills and knowledge

If you are a self-motivated and results-oriented individual with a passion for debt management and recovery, we want to hear from you!