A Collection and Recovery Manager at an NBFC oversees loan repayments, reduces non-performing assets (NPAs), and manages debt recovery strategies.
Key responsibilities include leading field/tele-calling teams, monitoring delinquent accounts (DPD), negotiating with defaulters, ensuring compliance with RBI/Fair Practice Codes, and managing legal actions like SARFAESI or 138 cases.
Core Responsibilities:
- Target Achievement: Responsible for achieving bucket-wise collection and recovery targets (1–90+ DPD).
- Team Leadership: Managing a team of internal staff and third-party agencies for field and tele-collections.
- Delinquency Management: Reducing the flow rate to higher buckets and controlling NPAs.
- Legal Compliance: Ensuring all collection actions comply with regulatory guidelines and ethical standards.