Key Responsibilities:
1. Contact customers: Reach out to customers who have outstanding debts to remind them of their payment obligations.
- The collection executive will be responsible for contacting customers via phone calls or emails to discuss their overdue payments.
2. Negotiate payment terms: Negotiate payment plans with customers who are unable to pay the full amount at once.
- This involves discussing with customers to come up with an agreeable payment plan that works for both parties.
3. Update payment records: Keep accurate records of all communication with customers and their payment status.
- It is important for the collection executive to maintain detailed and up-to-date records of all interactions with customers to track progress and ensure timely payments.
4. Report on collection activity: Provide regular updates on collection efforts and results to management.
- The collection executive will need to report on their collection activities, including successes and challenges, to keep management informed.
Required Skills and Expectations:
- Good communication skills: Excellent verbal and written communication skills are essential for effectively discussing payment obligations with customers.
- Negotiation skills: The ability to negotiate payment terms with customers in a fair and empathetic manner is crucial for successful debt collection.
- Attention to detail: A high level of accuracy in maintaining payment records and reporting collection activity is necessary.
- Persistence: A determined and persistent approach to following up with customers and pursuing overdue payments is key to success in this role.
- Basic computer skills: Proficiency in using basic computer programs such as Microsoft Excel and Word is necessary for updating records and reporting collection activity.
Experience
0 - 3 Years
No. of Openings
21
Education
12th Pass
Role
Collection Executive
Industry Type
Banking / Financial Services / Stock Broking
Gender
[ Male / Female ]
Job Country
India
Type of Job
Full Time
Work Location Type
Work from Office
Face interview location
Muthoot Microfin Limited ,2nd floor, Above Muthoot Fincorp,Vinayaka building,Hoysala nagara,Hassan.