Bajaj Auto Recruitment 2024 Apply from Area Collection Manager

By | April 2, 2024

We are one of india’s leading and most diversified financial services companies, serving 80.41 million customers, digitally via our App & Web, and at 4092 location and 190,000 active distribution points across the country.
Bajaj Finance Limited is the country’s most diversified NBFC, financing a wide range of outcomes and is part of the Bajaj Group, one of India’s top 10 business houses.

 

Post Name : Area Collection Manager
Company name : Bajaj Auto Credit Ltd.
Experience : 4 – 6 years
Education : Any Graduate
salary : Best in Industry

 

Job Description-

Bajaj Finance Limited is the country’s most diversified NBFC, financing a wide range of outcomes and is part of the Bajaj Group, one of India’s top 10 business houses.

As we expand our operations and reach new milestones, we are currently looking for exceptional individuals in the areas of collections and credit management.

  • Department: Collection (MC DMS) and (CV DMS)
  • Designation: Area Manager Collection (MC DMS) and (CV DMS)
  • Responsible for: Collection Display
  • Location: All India
  • Experience: More than 1 year
  • Industry: Financial Services/Banking/FMCG/NBFC
  • Eligibility: Any Graduate (BCA/BBA/B.Sc/BA)/PG/MBA.

 

Process Related:

To manage the collections through the team of CO/DMA.
Responsible for collection performance on various collection parameters, such as:

A) outstanding solution

B) bucket wise resolution

(Including roll forward rates, loan loss provisions and penal interest collection for specified geographic area.)

 

Job Responsibilities:

  • Review of performance on monthly basis in the field and quarterly performance review of COs against allotted collection targets.
  • Monthly review (performance of the agency, taking action against under performing COs, DMAs (off roll) and agencies, identifying and suggesting new agencies/DMAs for collection and assessment and empanelment of these new agencies.
  • To ensure periodic billing and processing of payments to agencies/DMAs as per the approved payment grid.
  • Periodic evaluation/improvement of field capacity as per average. Collection Ratio (ACR)
  • To ensure smooth execution of various strategies/campaigns employed by HO/RO to improve day-to-day collection performance.
  • Requirement of repo kits, monitoring of repo stock inventory, compliance with repo related procedures
    Collecting payments for cases approved for liquidation and sale of eligible repo assets in coordination with brokers and HO team
  • Periodic requirement of receipt books/HHT, mobile app code request for agencies, monitoring of deposit of collection amount by agencies, action against agencies for non-compliance.
  • Recommend initiation of appropriate legal action in old default cases in coordination with local legal team members.
  • Daily productivity MIS should be maintained and shared with higher management along with analysis Monthly team meeting at the hub location to review performance and set goals for the next month.
  • Managing customer service escalations for collection related issues and providing input on negative areas across geographic boundaries, geographies handled
  • Escalation of sales related issues (registration, dealer service issues etc.) for pending cases with ASM on day to day basis.

Main display areas:

  • Achieving the target allocated for the hub
  • reducing the flow rate in the next buckets
  • Managing companies and maintaining their performance
  • Managing agencies and monitoring their performance

 Area Manager Collection РApply Now

Leave a Reply

Your email address will not be published. Required fields are marked *