Career Opportunities: Deputy Manager-RECEIVABLE PASSENGER VEHICLE LOANS (75647)

Requisition ID 75647 - 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 collections and recoveries
•    Ensuring productivity on a continual mode
•    Ensuring recoveries with minimum delinquency
•    Ensuring portfolio quality in line with organizational objectives
•    Ensuring minimal conversions of Soft repayment to field collection
•    Ensuring maximum provisioning reversal
•    To monitor, measure and restrict forward flow of contracts
•    Ensuring timely repossession, efficient disposal mechanism, stockyard management- if part of the higher bucket
•    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

Job Responsibilities

1.    Strategy formulation and implementation:
•    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
2.    Budget & Profitability:
•    To monitor , drive and review the field force towards achieving the budgeted recovery
•    Ensure effective recovery of debt and NPA management
•    Drive Profitability & Ensure Portfolio Quality Maintenance
•    Timely repossession to ensure minimal disposal losses, as per management norms

3.    Product & Process related:
•    To understand reports and review team basis of reports and data
•    Identifying factors which can improve collection output
•    Identify non-performers and report to Divisional Head
•    Devise and develop process & procedures aimed at reducing cost of collections
•    Ensure audit compliance and rating parameters are met

4.    HR & People management:

•    Provide guidance to teams to maintain an environment that encourages participation, teamwork 
•    Provide training support and content for functional and behavioural training of vertical field executives and managers for their development and retention
•    Improving engagement of department
•    To co-ordinate with the Accounts, Legal, Operations, H.R. and all other Functions for inputs and related functional support
5.    Customer related:
•    Addressing customer concerns, pertaining to collections

Skills

Education

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