Career Opportunities: Deputy Manager-RECEIVABLE - BAD DEBT COLLECTIONS (73048)

mahindrama Alaska, United States of America

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Requisition ID 73048 - Posted

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Job Purpose/Position Summary

Understand and deploy the organization strategies issued by Circle Head/ DM,, as per management directives
Responsible for meeting target bad debt collections
Ensuring productivity on a continual mode
Ensuring recoveries from high bad debt customer
Ensuring portfolio quality in line with organizational objectives
To ensure contract allocation completion within 7 days of 1st month of every Quarter
Ensuring timely repossession, efficient disposal mechanism, stockyard management
Providing inputs to Divisional Head on business, basis collection comforts on profiles, models, geographies.
To be abreast with competition practices
To visit all branches in the circle atleast once a month

To achieve goals set by organization in terms of collection efficiency, provision reversals, etc
To keep the team motivated at all times
To develop liaison with alternative channels – Authorities, Influential Personalities, Prominent Lawyers etc. so as to be able to handle contingencies and facilitate efficacious functioning of the recovery department , in line with company’s rules and regulations
Maintain an effective review mechanism to monitor results
Educating executives on increasing collection effectiveness through field collection,repossessions,guarantors etc.
Ensuring and leveraging productivity of executives right from inception

To monitor , drive and review the field force towards achieving the budgeted recovery
Ensure effective recovery of Bad debt Management
Drive Profitability & Ensure Portfolio Quality Maintenance
Timely repossession to ensure minimal disposal losses, as per management norms\

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