Executive - Debt Management Services - Rural

Bajaj Finserv Limited; Balangir; On-site; INR 360,000 - 600,000; Full time

Job summary

Bajaj Finserv Limited is seeking a Debt Management Specialist in India to manage and coordinate the recovery of overdue loans or credit accounts. The role focuses on achieving collections targets, monitoring performance, and ensuring compliance with legal and regulatory guidelines.

The position involves visiting customers or agencies, maintaining detailed records, and providing regular performance reports. You will work with internal teams and external clients to optimize collection strategies

Responsibilities

• Achieve collections targets by visiting customers/agency.
• Monitor performance against set parameters and provide updates.
• Ensure legal guidelines are followed while repossessing products.
• Maintain accurate records of customer interactions and transactions.
• Provide regular reports on collection activities and performance.
• Handle escalations promptly to resolve issues.
• Daily DRR management.
• Develop strategies to improve collection rates.
• Case-to-case tracking.
• Portfolio management and debt collection strategy.
• Risk management and regulatory compliance.
• Team leadership and vendor coordination.
• Coordinate with internal and external clients.

Job description

Job Summary

The Debt Management Specialist will be responsible for managing and coordinating the recovery of overdue payments on loans or credit accounts.

Responsibilities

• Achieve collections target by visiting customers/agency.
• Monitor performance against set parameters and provide regular updates.
• Ensure legal guidelines are complied with while repossessing products.
• Maintain accurate records of customer interactions and transactions.
• Provide regular reports on collection activities and performance.
• Handle escalations promptly and effectively to resolve issues.
• Daily DRR (Daily Risk Report) management.
• Develop and implement strategies to improve collection rates.
• Case to Case tracking.
• Resolution at per AOP with in agreed timelines.
• Portfolio Management.
• Debt Collection Strategy.
• Target Achievement.
• Regulatory Compliance.
• Reporting and Analysis.
• Risk Management.
• Team Leadership.
• Vendor Management.
• Co-ordinating with internal and external clients.