DEBT COLLECTION EXECUTIVE
Full time @TOUGHGLASS INDIA PVT LTD posted 2 weeks ago in Accounting Email JobJob Detail
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Job ID 1513
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Career Level Executive
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Experience 5 Years
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Gender Male
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Industry Finance
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Qualifications Degree Bachelor
Job Description
Job description
- Contacting Debtors: Debt recovery officers initiate contact with debtors to negotiate payment plans or full settlements. They may communicate via phone calls, letters, emails, or in-person visits.
- Investigating Debtor Profiles: They research and analyze debtor profiles to understand their financial situation, payment history, and ability to repay debts.
- Negotiating Payment Arrangements: Debt recovery officers negotiate payment terms and arrangements with debtors, aiming to secure timely repayments or settlements.
- Advising on Financial Matters: They may provide advice and guidance to debtors on managing their finances effectively to meet their debt obligations.
- Maintaining Records: Keeping detailed and accurate records of all communications, payment agreements, and debt recovery activities is crucial for legal and administrative purposes.
- Legal Compliance: Debt recovery officers ensure compliance with relevant laws and regulations governing debt collection practices, such as the Fair Debt Collection Practices Act (FDCPA) in India.
- Skip Tracing: They may perform skip tracing techniques to locate debtors who have changed their contact information or are difficult to reach.
- Collaboration: Working closely with legal teams, credit controllers, and other professionals within the organization to escalate cases as needed and to ensure effective debt recovery.
- Reporting: Providing regular reports to management on the status of debt recovery efforts, including successes, challenges, and potential risks.
- Customer Service: Despite the challenging nature of their role, debt recovery officers often maintain professionalism and empathy in their interactions with debtors, striving to achieve a positive outcome for both parties.
Qualifications & Skills:
- Any Bachelor’s degree or equivalent Experience.
- Proven experience (3+ years) as a Collection Executive  in any Kind of industries
- Strong knowledge of Geographical Loaction
- Excellent interpersonal skills with the ability to lead and manage teams.
- Ability to multitask, prioritize, and work efficiently in a fast-paced environment.
- Willingness to travel in Bangalore.
- Knowledge of Debit Collection Laws and compliance regulations.
Benefits:
- Competitive salary, Travel Allowance and performance bonuses.
- Opportunity to work in a dynamic and innovative environment.
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