L4-Recovery Dept-KL-Calicut-BACL

Bajaj Auto Limited; Kozhikode district; On-site; INR 300,000 - 460,000; Full time

Job summary

Bajaj Auto Limited is looking for a Recovery Specialist to search and recover 7+ accounts through repossession and settlements using specialized agencies. The role involves field actions, skip tracing, and managing a network of recovery partners across the assigned territory.

The candidate should have 4+ years in vehicle finance recovery, strong regulatory knowledge, and proficiency in MS Excel for reporting. A personal vehicle and smartphone are beneficial for field work.

Qualifications

• Graduation (B. Com, BBA or equivalent) is preferred.
• Minimum 4 years of work experience in vehicle finance recovery.
• Experience with repossession and settlement processes.
• Familiarity with regulatory requirements and compliance in recovery.

Responsibilities

• Repossession and settlement as per targets.
• Manage a network of repossession agencies in the territory.
• Onboard, train and review recovery channel partners.
• Execute field recovery actions including skip tracing and settlements.
• Maintain ROR within the assigned portfolio and targets.
• Set daily/fortnightly recovery targets for agencies and monitor progress.
• Coordinate field visits and handle complex recovery cases when required.
• Supervise third-party recovery agents and ensure adherence to guidelines.
• Identify accounts requiring legal action or repossession and oversee the process.
• Ensure adherence to company policies and regulatory requirements; report issues promptly.
• Maintain records and share daily reports with management.
• Prioritize penal charges to support collection costs.
• Identify agencies for empanelment and coordinate with supervisors.

Skills

Repossession knowledge

Collections handling

Regulatory compliance

MS Excel

Customer empathy

Problem solving

Education

Graduation (B. Com, BBA or equivalent)

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 4 years

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

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