L3-RECOVERY DEPARTMENT-JH-RANCHI-BACL

Bajaj Auto Limited; Ranchi; On-site; INR 1,200,000 - 1,800,000; Full time

Job summary

Bajaj Auto Limited in Ranchi is seeking a senior field recovery specialist to manage repossession and settlement of 7+ accounts. You will build and supervise a network of agencies, conduct local events, and drive daily recovery targets.

The role requires Graduation and at least 6 years in vehicle finance collections. Strong regulatory knowledge, skip tracing, and field operations are essential. A personal vehicle and smartphone are preferred.

Qualifications

• Minimum 6 years experience in vehicle finance recovery / repossession.
• Graduation (B. Com, BBA or equivalent preferred).
• Experience in creating network of agencies for repossession and recovery.
• Knowledge of regulatory compliance in recovery and collections.
• Ability to conduct field activities and settlements.

Responsibilities

• Repossession and settlement of accounts.
• Create network of reposession and settlement agencies.
• Conduct local events to meet recovery targets daily.
• Set and monitor team targets for recovery and repossession.
• Oversee case approvals for legal action when required.
• Train team on proper recovery practices and reporting.
• Maintain records and share daily updates with the manager.
• Prioritize penal charge collections to support recovery costs.
• Identify agencies for empanelment and onboarding.

Skills

Repossession

Settlement process

Collections system handling

Regulatory compliance

MS Excel

Reporting tools

Customer empathy

Problem solving

Education

Graduation

Tools

MS Excel

Reporting tools

Job description

Select how often (in days) to receive an alert:

English, Hindi, Local language (preferred)

Travel

60-80 km/Day

Academic Qualification

Graduation (B. Com, BBA or equivalent preferred)

Work Experience

Minimum 6 years

Vehicle Finance (NBFCs or Banks). Recovery / NPA collection / Write of collections including repossession

Job Purpose

To search for and recover 7+ accounts through repossession and settlement through specialized agencies who has capacity for repossession and finding suitable vendors to enroll for repossession and recovery. Conducting local activities in the market to improve repossession, recovery and settlement

Key Responsibilities

• Repossession and settlement
• Create network of repossession and settlement agencies to cover the portfolio
• Conduct local events on a frequent basis to handle the repossession and settlement target on a day-to-day basis
• Set DRR for team and track team performance
• Where team performance is low suitable intervention for improvement
• Design local compensation structure for agencies to improve collections
• Execute field recovery actions including skip tracing, settlements and closure of loan account.
• Handle situation when conflict with customer, police interventions happens with the support of the regional manager and legal team support
• Set daily and fortnightly recovery/ vehicle repossession targets for the collection agencies, monitor progress, and ensure timely follow-ups.
• Identify accounts that need legal action or repossession, get necessary approvals, and oversee the entire process including customer communication.
• Ensure all recovery work follows company policies and legal requirements, train the team on correct practices, and report any issues or complaints immediately.
• Keep accurate records of visits, calls, and recovery updates in the system, and share daily reports with the manager.
• Along with recovery prioritize penal charge collections to support collection cost.
• Spot relevant agencies from the market for enrolment and share with supervisors for empanelment.

Key Skills Required

Technical Skills:

• Understanding the Geography, potential list of recovery agencies in the market
• Repossession and settlement process knowledge
• Collections system handling
• Regulatory and compliance adherence
• MS Excel and reporting tools

Soft Skills:

• Customer empathy and tactful communication
• Problem-solving

Key Performance Indicators

• Resposession as per the target set
• Settlement write of accounts on best effort basis by negotiation
• Ensure full compliance to the code of conduct in recovery and repossession as per the regulator

Work-Schedule

5 Days/Week and as per the work demand

Hiring Local/Pan-India Candidates

(Based on company policy)

Additional Comment (if any)

Requirement of Personal vehicle and smartphone