Responsibilities :

Position Responsibilities Job Description –

Role Accountability 1.Manage portfolio (Multiple Due Stages) performance through a team of  Collections executives & callers, in line with Operating and process Plan.

• Ensure appropriate infrastructure and resource availability in vendors to carry out collections as per operating plan
• Formulate collection strategies for the dpd basis as well as per market dynamics, portfolio spread/segmentation and business requirements
• Identify critical /non performing segments and ensure appropriate legal hardship tools are applied to them for satisfactory resolution
• Conduct regular performance review with all vendors, Agency supervisors & callers for all critical metrics to track the portfolio health and ensure healthy process
• Monitor field collections by bucket/vintage/region to ensure cost adherence in operations and achieve cost efficiencies
• Ensure adherence to Compliance Policy, Collections processes and Audit requirements, Code and conduct and maintaining standards to achieve customer satisfaction
• Ensure proper recourse mechanism is followed to resolve customer complaints in a timely and satisfactory manner
• Ensure 100 %  coverage of cases of allocated
• Ensure monthly cost provisions are reported to Finance team as per timelines
• Identify upcoming markets in accordance with the Sales growth plan and evaluate setting up/expanding operations basis volumes; Raise timely red flags on sourcing quality in new markets ensuring portfolio hygiene
• Participate strategically and tactically in development and implementation of portfolio treatments to maximize collection for the portfolio and increase resolution/extraction
• Perform peer benchmarking to create competitive infrastructure and deliver best in class performance on key metrics such as Credit Recovery as a percentage of Principle Credit Charge Offs, Gross write-offSettlement loss rates, rate of recovery

Measures of Success(Define the Outcomes expected of the role) 

Portfolio Coverage

GNPA (Gross non performing asset) Rate and Value

3.30+ and 90+ Delinquency rate

Write off Recovery rates

• GWO (Gross write off)
• Cost of collection
• Settlement waiver rate
• Absolute Recovery
• Settlement waiver rate
• Cost of collection
• ROR
• Absolute recovery/ACM
• Regulatory Customer complaint %
• Process adherence as per MOU

Must have Qualification Post-Graduate / Graduate in any discipline

Over All experience in role 3-5 years of post qualification experience

Relevant Experience with respect to the role 3+ years of experience in retail consumer finance in Collections function