A financial services company is looking for a Collection Head to manage the end-to-end collection process for secured loan portfolios. The ideal candidate should have a minimum of 4 years of experience in collections within the NCR region, particularly in home loans or LAP. You will lead a team of field collection managers, develop effective strategies, and maintain strong relationships with customers. This role is vital to maximize debt recovery while adhering to company policies.
Qualifications
Minimum 4 years of experience in collections within NCR, especially in secured portfolios.
Strong relationship management skills to handle the Delhi/NCR portfolio.
Experience in preparing daily reports and monthly MIS.
Responsibilities
Oversee end-to-end collection processes for the loan portfolio.
Lead a team of collection managers and provide daily updates.
Implement effective collections strategies while ensuring customer relations.
Skills
Experience in collections
Relationship management
Risk management coordination
Reporting and MIS preparation
Job description
Overview
Urgent opening for Collection Head for a NBFC in Noida location
Hariharan Appathurai – you can connect with me on LinkedIn for more details.
Role & Responsibilities
End to End Collection responsibility across buckets (0 to 89 DPD) for the allocated loan against property portfolio
Lead in-house team of field collection managers – daily updates
Develop and implement effective collections strategies and procedures to maximize debt recovery while maintaining positive customer relationships
Monitor and analyze the performance of the collections team, implementing measures to improve productivity and success rates
Review and evaluate delinquent accounts, determining appropriate actions to be taken in accordance with company policies and legal requirements
Communicate with customers regarding their outstanding debts, negotiating payment plans, settlements, or other resolutions
Maintain accurate and up-to-date records of all collections activities, ensuring compliance with regulatory guidelines and internal policies
Collaborate with cross-functional teams, including legal, finance, and customer service, to resolve complex or escalated customer issues
Stay current on industry trends and best practices in collections, implementing new strategies or technologies as needed to improve efficiency and results
Prepare regular reports on collections activities, presenting data and insights to senior management
Key Skills and Competencies
Min 4 years experience in collections in NCR (soft & hard buckets) of secured portfolio – Home loan/LAP preferably in large NBFC (LAP) / HFC
Managing the entire Delhi/NCR portfolio with good relationship management skills
Monitoring the employee code of conduct, cash & cheque management and loan settlements
Coordinate with Credit, Sales and Risk Management Units and provide feedback / inputs in order to improve & control any risk exposure