Debt Manager Job Vacancies in Ludhiana

Liaison with Banks, NBFCs, Financial Institutions for empanelment, allotment of Cases, Periodical reporting on resolution of allocated cases. Keeping track of portfolios by maintaining MIS on the basis of feedback from bankers, actual assessment of ground work, review of cases. Periodical Reporting and updating to Bank / Branch Authority about progress. Regular visits to the borrowers / Properties in all allocated accounts. Coordinate with Back Office Controller for necessary requirements Responsible for getting DM/CMM order application and making all the arrangements related to that. Arrange everything for Symbolic Possession and Physical Possession liaison with Police and Duty Magistrate/Court Commissioner. Assess the market value/status of the property mortgaged. Arrange the buyers for the sale of the property Training for the applicable law (SARFAESI Act), procedure, documentation, Standard Operating procedures (SOPs) and practical knowledge would be provided at the beginning of the job besides day to day instruction & guidance at each step.

ResponsibilitiesTo achieve collection targets of the area assignedControl bucket flow cases and focus on non-startersEnsuring documented feedback.Ensuring meeting Targets and Meeting the Target on Cost of Collections.Ensuring documented feedback.Ensuring legal guidelines are complied with while repossessing of products, other related matters and audit queries are complied withEnsuring adequate Feet on Street availability area-wise / bucket-wise / segment-wise and controlling bucket flow.Manage productivity by fixing productivity parameters Collection OfficersEnsuring background and reference check of agenciesMonitoring performance against set parameters and Weekly review with the collection executives.Ensuring timely and profitable disposal of seized stock & safe custody of seized productsIdentify and manage training needs the CEs.Support collection officers in legal / police issues.Ensuring timely and profitable disposal of seized stock safe custody of seized products Visit Random customers.Visit Random customers, People Management, Demonstrated success, communication skills and achievement orientation.