Team Collection Manager - Tractor Loans and Retail Finance Recovery

Team Collection Manager-AGRI-FIN-TRACTOR LOANS AND RETAIL(TFE)-Recovery Branch We are seeking a skilled and experienced Team Collection Manager to join our Tractors and Farm Equipments (TFE) Recovery Branch. In this role, you will oversee a dedicated team responsible for recovering tractor loans and retail finances. Your primary objective is to minimize non-performing assets and ensure timely debt collection, thereby contributing to the overall financial health of the bank. This position offers an opportunity to lead and mentor a team, implement strategic collection plans, and collaborate with various stakeholders to achieve recovery targets. Lead and manage a team of collection executives, providing guidance and support to ensure efficient debt recovery. Develop and implement effective collection strategies tailored to the tractor loans and retail finance portfolio. Monitor and analyze portfolio performance, identifying trends and potential risks to inform collection efforts. Collaborate with legal and operations teams to initiate legal proceedings and repossession processes when necessary. Maintain strong relationships with borrowers, offering assistance and resolving queries to facilitate timely repayments. Ensure compliance with regulatory requirements and bank policies throughout the collection process. Generate and analyze collection reports, providing insights to senior management for informed decision-making. Mentor and train team members, fostering a culture of continuous improvement and professional development. Stay updated on industry trends and best practices in debt recovery to enhance team performance. Bachelor's degree in Business Administration, Finance, or a related field is preferred. Minimum 5 years of experience in a collection management role, with a proven track record of successful debt recovery. Strong leadership and team management skills, with the ability to motivate and mentor a high-performing team. Excellent communication and interpersonal skills, with the ability to build rapport and negotiate effectively. Proficiency in using collection management software and MS Office applications. Analytical mindset with the ability to interpret data and make informed decisions. Knowledge of legal procedures and regulations related to debt recovery is an advantage. Ability to work independently and manage multiple tasks simultaneously. Excellent organizational skills and attention to detail. Willingness to travel for business purposes as needed. Experience Level Mid Level