Debt Manager-Flows-Cross Sell

IDFC FIRST Bank; Vadodara; On-site; INR 600,000 - 900,000; Full time

Job summary

IDFC FIRST Bank in Vadodara is seeking a Collection Manager to lead the collections department and oversee external agencies for EMI recovery while ensuring regulatory compliance. The role focuses on optimizing collections processes and driving remediation across the portfolio.

Responsibilities include monitoring delinquency, achieving agency-driven targets, and maintaining MIS reports with strong negotiation and leadership to meet recovery goals.

Qualifications

• Graduate with any discipline.
• Post graduate with any discipline.
• Minimum 2 years of experience in collections.

Responsibilities

• Manage and undertake the collections process for assigned debts.
• Regularly track the portfolio for specific buckets in the assigned area.
• Monitor and control delinquency of the area, bucket-wise and DPD-wise, with focus on non-starters.
• Allocate and achieve targets from agencies and in-house teams.
• Follow up regularly with defaulting customers.
• Ensure adherence to collection processes and legal guidelines.
• Trace absconded default customers and initiate recovery processes.
• Recommend legal actions for non-recoverable cases and coordinate with legal team.
• Maintain data for MIS reports and daily/weekly/monthly collection feedback.

Skills

Collection processes

Legal guidelines

Agency management

Negotiation

MIS reporting

Communication

Team management

Education

Graduate – Any discipline

Post Graduate – Any discipline

Job description

About the Role

The Collection Manager is responsible for planning, organizing, directing, and overseeing the activities of the collections department. This includes managing the agencies associated with the company in their assigned territory. The role holder ensures the efficiency and optimization of retrieving EMIs from customers while adhering to all guidelines laid out by the bank, contributing to the larger organizational objectives.

Key Responsibilities

Primary Responsibilities

• Manage and undertake the collections process for assigned debts.
• Regularly track the portfolio for specific buckets in the assigned area.
• Monitor and control delinquency of the area, bucket-wise and DPD-wise, with a focus on non-starters.
• Allocate and achieve targets from agencies and in-house teams.
• Follow up regularly with defaulting customers.
• Ensure adherence to collection processes and legal guidelines.
• Trace absconded default customers and initiate recovery processes.
• Recommend legal actions for non-recoverable cases and follow up with the legal team for closure.
• Maintain data for administrative work related to collections such as updating delinquent account history, maintaining MIS reports, and reviewing collection feedback on a daily, weekly, and monthly basis.

Secondary Responsibilities

• Recommend process changes to improve service efficiency and quality.
• Suggest improvements to processes and policies across the Retail Banking business to drive operational efficiencies and high-quality customer service.
• Leverage in-house synergies through collaboration with internal stakeholders.

What We Are Looking For

Education

• Graduate – Any discipline
• Post Graduate – Any discipline

Experience

• Minimum of 2 or more years of experience in collections.

Skills and Attributes

• Strong understanding of collection processes and legal guidelines.
• Ability to manage and coordinate with external agencies.
• Excellent communication and negotiation skills.
• Proficiency in maintaining and analyzing MIS reports.
• Capability to trace and recover from absconded customers.
• Team management and target achievement skills.