Legal Manager-Debt Management

Idfc First Bank Limited; Nashik District; On-site; INR 900,000 - 1,500,000; Full time

Job summary

Idfc First Bank Limited in Mumbai is seeking a Collection Manager - Rural to plan, organize and oversee the collections department, including managing external agencies in the allotted territory while ensuring efficient EMI recovery in line with bank guidelines.

The role requires tracking delinquencies, coordinating with internal and external teams, maintaining MIS reports and driving recoveries with strict compliance and timely follow-up.

Qualifications

• Graduate – Any field.
• Post Graduate – Any field.

Responsibilities

• Plan, organise and oversee the collections department activities.
• Manage agencies within the assigned territory to meet targets.
• Track portfolio delinquencies, bucket-wise and DPD-wise focus.
• Allocate and achieve targets from agencies and in-house team.
• Follow up with default customers and ensure adherence to collection guidelines.
• Maintain MIS and update delinquent account history; support daily/weekly/monthly reviews.

Education

Graduate – Any

Post Graduate – Any

Job description

Job Purpose:

The role bearer has the responsibility to plan, organize, direct and oversee the activities of the collections department. It also includes managing the agencies associated with the company in their assigned territory. The role bearer is responsible for the efficiency and optimization of retrieving EMI from the customers and ensuring adherence to all the guidelines laid out by the bank contributing to the larger organizational objectives of the bank.

• Responsible for managing and undertaking collections process for debts that have been assigned
• Regularly track the portfolio for specific buckets for the assigned area
• Track & control the delinquency of the area, Bucket-wise & DPD wise and focus on non-starters
• Responsible to allocate and achieve targets from agencies/ in house team
• Regularly follow up with the default customers
• Ensuring adherence to collection process and legal guidelines
• Tracing out absconded default customers and initiate recovery process
• Recommend for legal actions for non-recoverable cases and following up with the legal team for the closure of the cases
• Maintain data for administrative work related to collection such as updating delinquent account history, providing and maintaining MIS report, reviewing of collection feedback on daily, weekly & monthly basis

Job Title – Collection Manager - Rural

Place of work – Mumbai

Business Unit – Operations

Function – Collections

Job Purpose:

The role bearer has the responsibility to plan, organize, direct and oversee the activities of the collections department. It also includes managing the agencies associated with the company in their assigned territory. The role bearer is responsible for the efficiency and optimization of retrieving EMI from the customers and ensuring adherence to all the guidelines laid out by the bank contributing to the larger organizational objectives of the bank.

Roles & Responsibilities:

• Responsible for managing and undertaking collections process for debts that have been assigned
• Regularly track the portfolio for specific buckets for the assigned area
• Track & control the delinquency of the area, Bucket-wise & DPD wise and focus on non-starters
• Responsible to allocate and achieve targets from agencies/ in house team
• Regularly follow up with the default customers
• Ensuring adherence to collection process and legal guidelines
• Tracing out absconded default customers and initiate recovery process
• Recommend for legal actions for non-recoverable cases and following up with the legal team for the closure of the cases
• Maintain data for administrative work related to collection such as updating delinquent account history, providing and maintaining MIS report, reviewing of collection feedback on daily, weekly & monthly basis

Educational Qualifications:

Graduate – Any
Post Graduate – Any

Experience:

Minimum of 4 or more years of experience in Collections.