Muthoot Fincorp Limited

AREA COLLECTION MANAGER

Muthoot Fincorp Limited
Madurai
Not disclosed
Work from OfficeWork from Office
Full TimeFull Time
Min. 3 yearsMin. 3 years

Job Description

AREA COLLECTION MANAGER

 

 

 

 


 

 

 

Role Profile

AREA COLLECTION MANAGER



 

ROLE SPECIFICATION                                                                                                                       

Role Title-- 

AREA COLLECTION MANAGER 

Employee Interviewed

 

Reports To

CLUSTER COLLECTION MANAGER

Company

Muthoot FinCorp Ltd-SULB

Function/Department

COLLECTION

Written By

 

Approved By (Jobholder)

 

Approved By (Immediate Superior)

 

Date (Written On)


 

 

ROLE SUMMARY

Area Collection Managers oversee the financial collection department of a company and are responsible for the Branch Portfolio and the timely receiving of payment.

  

ORGANIZATIONAL CHART

 

 

 

 

 

 

 

 

 

 

 

 

 

 

KEY RESPONSIBILITIES

Role and Responsibility 

  • Overseeing staff members and ensuring the accurate and timely invoicing of customers.
  • Setting payment collection goals and targets for the department.
  • Creating and implementing a strategy to improve the collection of outstanding credit.
  • Implementing collection policies and procedures to avoid excessive outstanding credit.
  • Ensuring that the company policy on recoveries is followed and that it is in line with state and federal regulations.
  • Implementing deadlines for invoicing and payment collection.
  • Negotiating with customers in cases when non-payment occurs.
  • Preparing monthly feedback reports on payment collections.
  • Remaining informed of any legislative procedural training regarding debt collection.
  • Training and mentoring of staff members in the collections department.

 

 

 

 

KEY INTERACTIONS

Internal Stakeholders

External Stakeholders

  • Business
  • Legal
  • Operation Risk
  • Field Technical Team
  • Audit
  • Risk,
  •  Compliance

 

 

  • Customers
  • Insurance Providers
  • Regulatory Authorities
  • Referral Sources

 

 

 

 

 

KEY CHALLENGES

 

  • Lack of current contact information.
  • Disjoint communications.
  • Lack of self-served solutions.
  • Meeting compliance requirements. 
  • Lack of automation.
  • Providing secure communications

 

 

 

KEY SKILLS & BEHAVIOURAL ATTRIBUTES 

  • Experience with accounting software such as Quickbooks and General Ledger and advanced knowledge of MS Excel.
  • The ability to work accurately and independently.
  • Good verbal and written communication skills.
  • Excellent analytical skills and an eye for detail.
  • Outstanding leadership and managerial skills.
  • Strong time and people management skills.
  • Ability to work to strict deadlines.

 

 

EDUCATION / EXPERIENCE

Bachelor’s degree in finance, accounting, or a related field.

  • 3 - 5 years’ experience as a collections manager.

 

 

Job role

Work location
Work locationMADURAI
Department
DepartmentBanking / Insurance / Financial Services
Role / Category
Role / CategoryLending Operations
Employment type
Employment typeFull Time
Shift
ShiftDay Shift

Job requirements

Experience
ExperienceMin. 3 years

About company

Name
NameMuthoot Fincorp Limited
Job posted by Muthoot Fincorp Limited

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You can expect a minimum salary of 0 INR. The salary offered will depend on your skills, experience and performance in the interview.

The candidate should have completed the required education and people who have 3 to 5 years are eligible to apply for this job. You can apply for more jobs in Madurai to get hired quickly.

The candidate should have sound communication skills and sound communication skills for this job.

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