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Job Information

  • Employee Type:

    Full Time

  • Contact Person:

    Madhavi Chatterjee

  • Contact:

    9993411707

  • Location:

    Mumbai

  • Job Position:

    Collection Officer

  • Experience

    1 to 4 Years

  • Qualifications:

    Any Graduate

  • Salary:

    ₹20000 - ₹ 30000

  • Date posted:

    22-Jul-23

Collection Officer

Ambit Finvest

Mumbai

Job Description:

  • Responsible in recovering outstanding debt from our customers.
  • Manage customer accounts to reduce delinquency on indicators including flow rates, 30 / 60 / 90 plus, annualised Bad Debt.
  • Constant evaluation of collection officers/Team Leaders performance to ensure better productivity Lead and manage the team of Field Collection partners in collaboration with Risk Team.
  • Required to control and monitor outstanding balances which include timely cash collections, assessing credit risks and minimize bad debts. Improve and maintain the monthly overdue for all accounts.
  • Regular follow up with internal team and clients for outstanding.
  • Prepare various month-end accounts receivables reports and other ad hoc reports for Credit.
  • Customer Account reconciliation to assess true receivable position of the customer.
  • Meet customers for account reconciliations.
  • Reporting to the director of collections on a daily and weekly basis and updating the Cash Flow statement.
  • Achieving settlement of overdue accounts by way of email /telephone contact and regular production of overdue reminder letters.
  • Liaise with the Finance team and ensure adherence to SOPs, Code of Conduct and other applicable norms.
  • Handling collections and recovery process for LAP, HL
  • Ensuring achievement of closure / recovery / roll back targets
  • Initiate legal proceedings under NI Act, Arbitration Act etc
  • Manage relationship with collections / legal agencies