Collection Manager

FINAGG Technologies Private Limited; Chennai District; On-site; INR 600,000 - 800,000; Full time

Job summary

FINAGG Technologies Private Limited is seeking an experienced Collection Manager to join their team in Chennai. The candidate should have a minimum of 3 years in Business Loans Collections, particularly handling overdue payments and write-off cases.

The role requires extensive fieldwork, and candidates must be localites with the ability to manage accounts with ticket sizes of 7-10 lakhs. Strong negotiation skills and valid transportation are essential for the position.

Qualifications

• Minimum of 3 years of experience in Business Loans Collections, with a focus on hard collections.
• Proven track record of managing ticket sizes of a minimum of 7-10 lakhs.
• Must be localite and have own transportation for field visits.

Responsibilities

• Conduct field visits to collect overdue payments for business loans.
• Manage a portfolio of accounts and develop strategies to recover outstanding amounts.
• Build and maintain positive relationships with borrowers.

Skills

Excellent communication and interpersonal skills

Strong problem solving and negotiation skills

Ability to speak English, Hindi, and Regional Language

Ability to work independently

Job description

Job Type: Full-time

Experience Required: Min. 3 years especially in Business Loan Collections

Summary

We are seeking a dynamic and experienced Collection Manager to join our team.

The Ideal Candidate Will Have

A minimum of 3 years of experience in Business Loans Collections, with a focus on hard collections, including NPA or write-off cases, and handling cases with DPD (Days Past Due) exceeding 90 days.

The candidate must also be well-versed in managing ticket sizes of a minimum of 7-10 lakhs.

Being a localite is a requirement for this position, as it involves extensive fieldwork.

Responsibilities

• Conduct field visits to collect overdue payments for business loans, particularly focusing on cases with DPD above 90 days.
• Manage a portfolio of accounts and develop strategies to recover outstanding amounts while adhering to regulatory guidelines.
• Build and maintain positive relationships with borrowers to encourage timely payments and resolve issues or disputes.
• Prepare and submit daily collection reports and update the system with accurate information on each visit.
• Effectively communicate with the Collections Manager and provide regular updates on collection activities.
• Ensure compliance with company policies and industry regulations during the collection process.
• Use negotiation and persuasion skills to secure repayment commitments from delinquent borrowers.

Requirements

• Minimum of 3 years of experience in Business Loans Collections, with a focus on hard collections, including NPA or write-off cases, and handling cases with DPD exceeding 90 days.
• Proven track record of managing ticket sizes of a minimum of 7-10 lakhs.
• Must be localite.
• Ability to speak English, Hindi, and Regional Language.
• Excellent communication and interpersonal skills.
• Strong problem solving and negotiation skills.
• Ability to work independently and meet collection targets.
• Possess a valid driver’s licence and own transportation for field visits.