L4-Recovery Dept-CG-Raigarh-BACL

Bajaj Auto Ltd; Raipur; On-site; INR 600,000 - 800,000; Full time

Job summary

Bajaj Auto Ltd is seeking a Collections Officer on-site in Raipur to drive repossession and settlement activities across a defined territory. The role requires handling a network of recovery agencies, onboarding partners, and ensuring timely closures of loan accounts while maintaining regulatory compliance.

The ideal candidate has 4+ years in vehicle-finance collections, with strong negotiation and vendor-management skills, and willingness to travel 60–80 km daily.

Qualifications

• Graduation in commerce or related field preferred.
• Minimum 4 years experience in collections/recovery.
• Experience in vehicle finance NBFCs or banks desirable.

Responsibilities

• Manage repossession and settlement processes.
• Coordinate and onboard recovery agencies in territory.
• Train and review performance of recovery partners.
• Execute field actions including skip tracing, settlements, and closure of loan accounts.
• Maintain records and provide daily updates to the manager.
• Set recovery targets for agencies and monitor progress.
• Supervise third-party recovery agents and ensure compliance.
• Identify accounts for legal action or repossession and coordinate approvals.

Skills

Repossession knowledge

Collections handling

Regulatory compliance

MS Excel

Vendor management

Education

Graduation (B.Com/BBA)

Tools

MS Excel

Reporting tools

Job description

Job Description:

• Designation: Collections Officer


• Department: Bucket 6+ and write off Collections


• Level: L4


• Employment Type: On-site, Full time


• Reporting Manager Title: Area Collections Manager


• Language: English, Hindi, Local language (preferred)


• Travel: 60-80 km/Day


• Academic Qualification: Graduation (B. Com, BBA or equivalent preferred)


• Work Experience: Minimum 4 years


• Domain Knowledge (Preferable): Vehicle Finance (NBFCs or Banks). Recovery / NPA collection / Write of collections including repossession

Job Purpose

To search and recover 7+ accounts through repossession and settlement through specialized agencies who has capacity for repossession

Key Responsibilities

• Repossession and settlement


• Handle a network of 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.

• 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.


• 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:

• Repossession and settlement process knowledge


• Collections system handling


• Regulatory and compliance adherence


• MS Excel and reporting tools


• Third-party vendor management

Soft Skills:

• Negotiation skills


• Conflict resolution


• Customer empathy and tactful communication


• People management


• Problem-solving

• Pressure-handling

Key Performance Indicators

1. Resposession as per the target set


2. Settlement write of accounts on best effort basis by negotiation


3. Ensure full compliance to the code of conduct in recovery and repossession as per the regulator

Additional Role Details

• 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

Requirements: