Customer Engagement: Contact customers with overdue EMI payments through phone calls, emails, and SMS to remind them of outstanding dues and negotiate repayment arrangements.
Payment Negotiation: Collaborate with customers to establish feasible payment plans based on their financial situation, ensuring compliance with company policies and regulatory requirements.
Account Resolution: Work closely with customers to resolve payment disputes, address inquiries, and provide assistance in resolving outstanding balances, aiming to achieve amicable solutions and prevent escalations.
Documentation: Maintain accurate and updated records of all collection activities, including communication logs, payment arrangements, and account status updates, ensuring compliance with data privacy regulations.
Compliance Adherence: Ensure compliance with regulatory requirements, company policies, and industry best practices in collection activities, adhering to fair debt collection practices and maintaining confidentiality of customer information.
Performance Reporting: Provide regular updates on collection activities, delinquency rates, and account statuses to the collection manager, tracking key performance indicators (KPIs) and providing insights for process improvement.
Customer Service: Provide excellent customer service to delinquent customers, demonstrating empathy, patience, and professionalism in all interactions, and addressing customer concerns promptly and effectively.
Training and Development: Participate in training sessions and workshops to enhance skills and knowledge in debt collection techniques, negotiation strategies, and regulatory compliance, fostering professional development.
Collaboration: Collaborate with cross-functional teams, including credit, underwriting, and legal departments, to coordinate efforts in managing delinquencies, resolving disputes, and implementing collection strategies.Recruiting Resources+6creditwisecapital.com+6Your AI Recruiter for end-to-end Hiring+6
Education: High school diploma or equivalent; a degree in finance, business, or related field is preferred.
Experience: 2+ years of experience in debt collection, preferably in the financial services industry or NBFC sector.
Skills: Strong negotiation skills and ability to effectively communicate with customers to secure payment arrangements and resolve disputes.
Technical Proficiency: Familiarity with skip tracing techniques and tools for locating delinquent customers, including online databases and public records.
Compliance Knowledge: Understanding of regulatory requirements governing debt collection practices, including fair debt collection practices and consumer protection laws.
Attention to Detail: Ability to maintain accurate and organized records of collection activities and customer interactions.
Software Proficiency: Proficiency in MS Office Suite and familiarity with collection management software and systems.Your AI Recruiter for end-to-end Hiringpadmasai.in+2creditwisecapital.com+2padmasai.in+2
Excellent communication and interpersonal skills.
Ability to handle difficult conversations and remain professional.
Strong organizational and time-management skills.
Ability to work independently and as part of a team.Your AI Recruiter for end-to-end Hiring
Application Process:
Interested candidates are invited to send their updated resumes to [Insert Contact Email] or apply through our career portal at [Insert Application Link].Placement India
Note: Please mention "EMI Collection Executive Application" in the subject line of your email.
This job description is based on industry standards and practices for EMI Collection Executives.