L4-MC DMS-MH-AURANGABAD-BACL

bajajauto; Pune District; On-site; INR 350,000 - 600,000; Full time

Job summary

Bajaj Auto seeks a Recovery Specialist to manage field collections and repossession actions across a defined territory. You will supervise agencies, train partners, and coordinate skip tracing, settlements, and case closures to meet targets and regulatory guidelines.

The role requires up to four years of experience, a relevant graduation, and hands-on skills in Excel and reporting tools to monitor performance and comply with policy standards.

Qualifications

• Graduation (B.Com, BBA or equivalent preferred).
• Maximum 4 years of work experience in related roles.

Responsibilities

• Handle a network of recovery/repossession agencies within the assigned territory.
• Onboard, train and review performance of recovery channel partners.
• Execute field recovery actions including skip tracing, settlements and closure of loan accounts.
• Review recovery data, classify the portfolio by risk and allocate cases to agencies.
• Maintain recoveries within defined business targets and report progress.
• Set targets for agencies, monitor progress and ensure timely follow-ups.
• Plan field visits and handle complex recovery cases as needed.
• Engage with customers to discuss delays and repayment plans, resolving disputes respectfully.
• Supervise third-party agents and ensure compliance with guidelines.
• Identify cases requiring legal action or repossession and manage the process.
• Ensure recovery work follows policies and regulatory requirements and document updates.
• Keep records and share daily reports with the manager.
• Support penal charge collections to control collection costs.
• Identify potential agencies for empanelment and coordinate with supervisors.

Skills

Recovery process knowledge

Collections system handling

Regulatory and compliance adherence

MS Excel

Reporting tools

Customer empathy

Problem-solving

Education

Graduation (B.Com, BBA or equivalent preferred)

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

Maximum 4 years

Vehicle Finance (NBFCs or Banks). Collections Process

Job Purpose

To manage and support recovery efforts by assigning cases, guiding field teams, and handling high-risk accounts. Ensure smooth coordination, timely recoveries, and compliance with company and regulatory guidelines.

Key Responsibilities

• Handle a network of recovery /repossession agencies within the assigned territory.
• Onboard, train and review performance of recovery channel partners.
• Execute field recovery actions including skip tracing, settlements and closure of loan account.
• Review recovery data, classify the portfolio based on the risk and allocate the cases to collection agencies on basis of their skillsets.
• Maintain ROR within the assigned portfolio as per defined business targets.
• Set daily and fortnightly recovery/ vehicle repossession targets for the collection agencies, monitor progress, and ensure timely follow-ups.
• Plan and coordinate field visits to ensure maximum customer coverage and personally handle complex or sensitive recovery cases when required.
• Meet or call customers to understand payment delays, suggest suitable repayment plans, and resolve disputes respectfully, especially in sensitive situations.
• Supervise third-party recovery agents, track their progress, and ensure they follow company rules and recovery guidelines.
• 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:

• Recovery 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

• Bucket wise collection efficiency set by business as per Annual Operating Plan
• Penal Charges collection target set by the business as per the Annual Operating Plan.
• 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