Career Opportunities: Deputy Manager-RECEIVABLE TRACTORS LOANS (74041)

Requisition ID 74041 - 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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