Managing the collections through team of COs/DMAs.
Responsible for the collection’s performance on various collection parameters such as: a. Arrear resolution b. Bucket wise resolutions (Including the Roll forward rates, Loan loss provisioning, and Penal interest collection for the assigned geographical area.)
Performance review on field – monthly basis and Quarterly performance review of the CO’s of allocated collection targets
Monthly review (Agency performance, acting against the low performer COs, DMAs (off rolls) & agencies, identifying & suggesting new agencies / DMAs for collection & evaluation & empanelment of these recent agencies.
Ensuring periodic billing & processing of the payouts for the agencies / DMAs as per the approved payout grids.
Periodic evaluation / correction of the field capacity as per the Avg. Collection Ratio (ACR)
Ensuring smooth execution of the various strategies/drives planned by HO/RO for day-today collection performance improvement.
Repo kit requirement, monitoring the repo Stock inventory, compliance to the adhered processes related to repo
Liquidation of eligible repo assets in coordination with brokers and HO team and collect payment for approved for sale cases
Periodic requirement of the receipt books / HHTs, mobile app codes requests for the agencies, monitoring the deposition of collection amount by the agencies, action against agencies for non-adherence.
Recommending for initiation of appropriate legal actions in chronic default cases with coordination with the local legal team members
Daily productivity MIS should be mainta