L4-Recovery Dept-KL-Calicut-BACL (Cochin RO (BACL), India)

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 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 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