Location: India

  1. Contact customers with overdue accounts via phone, email, and mail to facilitate debt collection.
  2. Negotiate payment plans and settlements with customers in accordance with company policies and procedures.
  3. Maintain accurate records of all collection activities, including conversations with customers and payment arrangements.
  4. Investigate and resolve discrepancies or disputes related to outstanding debts.
  5. Collaborate with other departments, such as Accounts Receivable and Sales, to address customer issues and streamline collection processes.
  6. Monitor accounts receivable aging reports to identify delinquent accounts and prioritize collection efforts.
  7. Provide regular updates to management on the status of collections, including trends and potential risks.
  8. Stay informed about relevant regulations and compliance requirements governing debt collection practices.
  9. Assist in the development and implementation of strategies to improve collection efficiency and reduce bad debt.

Duties and Responsibilities

  • To manage the portfolio of the assigned geography.
  • Follow up with delinquent cases personally, along with collection manager, along with collection agencies team & ensure resolution of the cases.
  • Recovery on high value NPA – write-off cases. Also, responsible to collect & resolve the Current bounce, 1-30, 31-60 & 61-90, 91-120, 121-150, 151-180 cases. Must focus to collect late payment & other charges.
  • Recruit collection agencies, repossession agencies, valuation agencies as on where required.
  • Recruit advocate as on where required.
  • Proper MIS & account management.

 

Validate and negotiate settlement cases in the best internet of the company. Ensure trails for self and trails as per laid out process.

About the role:

We are seeking a highly motivated and detail-oriented individual to join our team as a Collection Operations-MIS Specialist. The MIS Executive is responsible for managing and implementing the organization’s Management Information System (MIS) to ensure accurate and timely data collection, processing, analysis, and reporting. The role involves collaborating with various departments to understand their information needs and providing efficient solutions to support decision-making processes.

Some high level things you would own but not limited to:

  1. Develop and maintain a robust database system to store and organize data efficiently.
  2. Ensure the accuracy and integrity of data through regular audits and validations.
  3. Coordinate with different departments to collect relevant data.
  4. Accurately input and update data in the MIS database.
  5. Analyze large datasets to identify trends, patterns, and insights.
  6. Generate reports and dashboards to communicate key performance indicators (KPIs) to management.
  7. Identify opportunities for system improvements and automation.
  8. Collaborate with IT and other relevant departments to implement system upgrades.
  9. Generate routine and ad-hoc reports as per management requirements.
  10. Ensure timely and accurate distribution of reports to relevant stakeholders.
  11. Document data sources, methodologies, and procedures for future reference.
  12. Create and maintain user manuals for MIS applications.
  13. Ensure compliance with data protection regulations and internal security protocols.
  14. Implement measures to safeguard sensitive information.
  15. Stay updated on industry best practices and technology trends. Propose and implement improvements to enhance the efficiency and effectiveness of the MIS.

 

Qualifications:

  1. Bachelor’s degree in Business Administration, Finance, or a related field.
  2. Proven experience in collection operations, with a focus on process compliance and internal audit.
  3. Strong understanding of collection industry regulations and best practices.
  4. Excellent organizational and time management skills.
  5. Ability to analyze data and draw meaningful insights to drive decision-making.
  6. Effective communication and interpersonal skills.
  7. Experience in vendor management and contract negotiation is a plus.
  8. Customer service-oriented mindset.

 

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