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Area Collection Manager - Consumer Durable @ Idfc First Bank

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 Area Collection Manager - Consumer Durable

Job Description

Area Collection Manager - Consumer Durable 


Department Collections

Roles & Responsibilities:            

  • Responsible to handle an area for collections of specific products
  • Responsible for collection efficiency and cost of collections for the assigned area
  • Responsible to track & control the delinquency of the area, Bucket-wise & DPD wise and focus on non-starters
  • Responsible to review account allocations and collections targets by bucket to agencies/ in house team
  • Regularly follow up with the default customers through a dedicated team
  • Ensuring that the collection agencies and executives adhere to the legal guidelines provided by the law in force
  • Manage productivity by fixing productivity parameters for In-house / Agencies / collection executives monitoring performance against set parameters and daily reviewing the same
  • Making sure that there is adequate Feet on Street availability area-wise / bucket-wise / segment-wise
  • Ensuring that detailed background and reference check has been done of agencies / DCTs being appointed and evaluate them constantly
  • Collaborate with legal team to ensure legal action is taken on specified cases
  • Building relationships with key clients to ensure timely collections are made
  • Determine suitable tactics or strategies for timely collections

Managerial & Leadership Responsibilities:

  • Attract and retain best-in-class talent for key roles in their reporting structure

Educational Qualifications:        

Graduate Any

Experience: Minimum of 5 - 10 years of experience in collections.


Job Classification

Industry: Banking
Functional Area / Department: BFSI, Investments & Trading
Role Category: Lending
Role: Area / Territory Manager
Employement Type: Full time

Contact Details:

Company: Idfc First Bank
Location(s): Rajkot

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Keyskills:   Consumer Loan Team Handling Skills Agency Management Debt Collections Recovery

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Idfc First Bank

About Capital First Limited: CFL is listed on BSE and NSE (Stock Code: CFL). The company provides Mortgage loans to SMEs against pledge of property, Gold Loans to retail customers, Consumer Durable Loans, Two wheeler loans, and senior secured Wholesale loans. During the last year the company expande...