L3 - CV DMS - BH - Muzaffarpur - BACL

Bajaj Auto Limited; Muzaffarpur; On-site; INR 700,000 - 1,200,000; Full time

Job summary

Bajaj Auto Limited is seeking a collections leader to drive hub performance across COs and DMAs in the designated region. The role focuses on optimizing bucket resolutions, governance of payout cycles, and enforcing compliance through periodic reviews.

The candidate will manage field teams, coordinate with HO/RO initiatives, and escalate delinquent cases while ensuring disciplined MIS reporting and timely field visits where required.

Responsibilities

• Managing the collections through team of COs/DMAs.
• Responsible for the collection’s performance on various collection parameters such as bucket wise resolutions.
• Including the Roll forward rates, Loan loss provisioning, and Penal interest collection for the assigned geographical area.
• Performance review on field – monthly basis and Quarterly performance review of the COs of allocated collection targets.
• Monthly review (Agency performance, acting against the low performer COs, DMAs (off rolls) & agencies, identifying & suggesting new agencies / DMAs for collection & evaluation & empanelment of these new agencies.
• Ensuring periodic billing & processing of the payouts for the agencies / DMAs as per the approved payout grids.
• Periodic evaluation / correction of the field capacity as per the Avg. Collection Ratio (ACR).
• Ensuring smooth execution of the various strategies/drives planned by HO/RO for day-to-day collection performance improvement.
• Repo kit requirement, monitoring the repo Stock inventory, compliance to the adhered processes related to repo.
• Liquidation of eligible repo assets in coordination with brokers and HO team and collect payment for approved for sale cases.
• Periodic requirement of the receipt books / HHTs, mobile app codes requests for the agencies, monitoring the deposition of collection amount by the agencies, action against agencies for non-adherence.
• Recommending for initiation of appropriate legal actions in chronic default cases with co-ordination with the local legal team members.
• Daily productivity MIS should be maintained & shared with the higher management along with the analysis.
• Monthly team meeting at hub location for performance review & setting the targets for the next month.
• Managing the customer service escalations for collection related issues.
• Providing inputs on the geo limits, negative areas in the geographies handled.
• Escalation of sales related issues (registration, dealer service issues, etc.) for the delinquent cases with the ASMs on a day-to-day basis

Skills

Team Management

Relationship Management

Result orientation

Multitasking

Job description

Key Responsibilities

Process related

• Managing the collections through team of COs/DMAs
• Responsible for the collection’s performance on various collection parameters such as:
• Bucket wise resolutions

(Including the Roll forward rates, Loan loss provisioning, and Penal interest collection for the assigned geographical area.)

• Performance review on field – monthly basis and Quarterly performance review of the COs of allocated collection targets
• Monthly review (Agency performance, acting against the low performer COs, DMAs (off rolls) & agencies, identifying & suggesting new agencies / DMAs for collection & evaluation & empanelment of these new agencies.
• Ensuring periodic billing & processing of the payouts for the agencies / DMAs as per the approved payout grids.
• Periodic evaluation / correction of the field capacity as per the Avg. Collection Ratio (ACR)
• Ensuring smooth execution of the various strategies/drives planned by HO/RO for day-to-day collection performance improvement.
• Repo kit requirement, monitoring the repo Stock inventory, compliance to the adhered processes related to repo
• Liquidation of eligible repo assets in coordination with brokers and HO team and collect payment for approved for sale cases
• Periodic requirement of the receipt books / HHTs, mobile app codes requests for the agencies, monitoring the deposition of collection amount by the agencies, action against agencies for non-adherence.
• Recommending for initiation of appropriate legal actions in chronic default cases with co-ordination with the local legal team members
• Daily productivity MIS should be maintained & shared with the higher management along with the analysis
• Monthly team meeting at hub location for performance review & setting the targets for the next month
• Managing the customer service escalations for collection related issues.
• Providing inputs on the geo limits, negative areas in the geographies handled
• Escalation of sales related issues (registration, dealer service issues, etc.) for the delinquent cases with the ASMs on a day-to-day basis

Key Skills Required

• Team Management
• Relationship Management
• Result orientation
• Multitasking

Key Performance Indicators

• Achieving the target allocated for the hub
• Reducing the flow rate to the next buckets
• Managing & maintaining the COs performance
• Managing the Agencies & monitoring their performance
• Restrict LLP flow & process adherence along with compliance
• Ensuring field visits of self & team based on requirement & risk cases
• Retention of team & motivation to them as per requirement
• Need vigilance for good practices from market & competitors time to time