Collection Executive

Key Responsibilities

• Debt Collection: Recovery agents locate and communicate with debtors to collect outstanding payments through various means, including phone calls, emails, and legal actions.

• Negotiation: They negotiate payment plans or deadlines with debtors, aiming to resolve issues amicably while ensuring compliance with legal requirements.

• Account Management: Regularly update account statuses and maintain accurate records in databases, ensuring all interactions are documented.

• Customer Interaction: Handle inquiries and complaints from customers, providing clear information and support regarding their debts.

• Legal Compliance: Ensure all collection activities adhere to relevant laws and regulations, including the Fair Debt Collection Practices Act

Required Skills and Qualifications

• Communication Skills: Excellent verbal and written communication skills are essential for effectively negotiating and resolving conflicts with debtors.

• Negotiation Skills: Strong negotiation abilities to reach agreements that satisfy both the debtor and the organization.

• Problem-Solving: Ability to identify gaps in the collection process and recommend solutions to improve efficiency.

• Technical Proficiency: Familiarity with MS Office and database management systems is often required.

• Education: A high school diploma is typically required; an associate’s or bachelor’s degree may be preferred by some employers.

• It is a Full Time Accountant job for candidates with 0 - 4 years of experience.

More about this Collection Executive job

1. What is the eligibility criteria to apply for this Collection Executive job?
   Ans: The candidate should be 12th Pass and above and above with 0 - 4 years of experience of experience
2. How much salary can I expect for this job role?
   Ans: You can expect a salary of ₹15000 - ₹25000 per month + Incentives that depends on your interview. It's a Full Time job in Bangalore.
3. How many working days are there for this Collection Executive job?
   Ans: This Collection Executive job will have 6 working days.
4. Are there any charges applicable while applying or joining this Collection Executive job?
   Ans: No, there is no fee applicable for applying this Collection Executive job and during the employment with the company, i.e., EQUITAS SMALL FINANCE BANK.
5. Is it a work from home job?
   Ans: No, it’s not a work from home job and can't be done online.
6. How many openings are there for this Collection Executive role?
   Ans: There is an immediate opening of 5 Collection Executive at EQUITAS SMALL FINANCE BANK
7. Who can apply for this job?
   Ans: Only Male candidates can apply for this Accountant job.
8. What are the timings of this Collection Executive job?
   Ans: This Collection Executive job has 09:00 AM - 06:00 PM timing.