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IDFC FIRST Bank

Debt Manager-Flows-Rural Assets

Early Applicant
  • 4 weeks ago
  • Be among the first 50 applicants
Exp: 2-5 Years

Banking/Accounting/Financial Services

Job Description

Role/ Job Title:Debt Manager-Flows-Rural Assets

Function/ Department:Debt Management- Flows- Rural Assets

Job Purpose:

The role bearer has the responsibility to plan, organize, direct and oversee the activities of the 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 (Equated monthly instalment) 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 (Days Past Due) 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 (Management Information System), reviewing of collection feedback on daily, weekly & monthly basis.

Education Qualification:

Graduation: Any Graduation

Experience:2 to 5 years of experience in Flows- Rural Assets

Skills Required

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Date Posted: 14/10/2024

Job ID: 96284013

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About Company

IDFC FIRST Bank was formed by the merger of erstwhile IDFC Bank, promoted by renowned infrastructure financing institution IDFC Ltd. and leading technology NBFC, Capital First. IDFC FIRST Bank has provided over 30 million loans in its combined history and serves customers in over 60,000 villages, cities and towns across the length and breadth of the country. The bank believes in making customer-first products, and was the first universal bank to offer monthly interest credit on savings accounts, life time free credit cards with dynamic and low APR rates, and many other such interesting products.

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