Description :
Key Role related skills
. Collections Know-how
. Liaising with regulatory bodies, customers & borrowers
. Working with credit / sale teams (Stakeholder Mgmt.)
Reporting
Reporting Manager - Manager- Collections
RoleObjective
Optimizing collection strategies and maximizing recovery rates leading to efficient business operations.
Create Moglix specific tailored approaches to drive higher collection success rates Timely and efficient collection of outstanding payments from clients.
Collaborate with various stakeholders including enterprise, customer success, legal and supply teams to resolve payment discrepancies, disputes, and delinquencies, ensuring a coordinated approach to collections.
Formulate & run the collection process focusing on timely payment collection. Implement proactive measures to engage defaulters and negotiate suitable repayment plans while
maintaining positive customer relationships.
Continuously create, review and enhance collection processes to improve efficiency and effectiveness. Identify areas for automation, streamlining work-flows, and reducing manual
interventions to drive higher collection success rates.
Use analytical tools and reporting mechanisms to analyze collection performance, identify trends, and generate actionable insights. Present data-driven recommendations to optimize collection strategies and enhance recovery efforts.
Stay updated with applicable laws, regulations, and industry guidelines related to collections and debt recovery. Ensure compliance with all legal and ethical standards and implement necessary controls to mitigate compliance risks.
Establish key performance indicators (KPIs) to monitor collection metrics, track progress, and evaluate the effectiveness of collection strategies.