Collection Officer

Job description Job Title: Collection Officer Product: Commercial Vehicle JOB SUMMARY:- Monitor and achieve collection targets set by the company. Responsible for processing the monthly status to the concerned authority related to the recoveries. KEY RESPONSIBILITIES Responsible for regularly updating the client on the cases assigned for debt recovery from their delinquent customer. Reviewing customers and analyzing potential defaulters. Understanding default reasons and reporting to management. Inform to the management the monthly sublease database. To keep a tab on due calling data and update the new contacts and addresses of the customer and guarantor. Provide collection review of the relationship officer to the Management. Responsible for process implementation of Cash Receiving and Cash Register. Review problematic accounts by understanding the issues and provide them better repayment structure. Visiting customers, guarantor and references. Holding weekly meeting to understand collection and solve them. Issue repossession order in co-ordination with BM. Follow up with clients & identify problematic areas to get prompt collection. Collection of due payments effectively and efficiently. Timely invoicing and collection in the region. EDUCATIONAL QUALIFICATIONS & CERTIFICATIONS Minimum Bachelor's degree / higher diploma EXPERIENCE: - 0 - 2 years of experience in Banking/ Collections. SKILLS & COMPETENCIES Good communication and listening skills Confidence and Presentation skills Understanding and interest in financial / banking products and markets Ability to analyse and research information Ability to explain complex information clearly and simply Good sales and negotiation skills Role: Collection Executive / Officer Industry Type: Banking Department: BFSI, Investments & Trading Employment Type: Full Time, Permanent Role Category: Lending Education UG: Any Graduate Key Skills Skills highlighted with ‘‘ are preferred keyskills Field Collections Tractor LoanHard BucketLoan CollectionWrite OffCollectionsDebt RecoveryLoan RecoveryCommercial Vehicle LoansNpa