Job Description
JOB PURPOSE:
This role is responsible for developing and implementing policies for efficient collections and recovery of all retail banking unsecured asset products with a view of minimising NPL’s. Ensure collection targets are met in terms of NPL, Recovery and Bucket resolutions.
KEY ACCOUNTABILITIES:
Strategic Responsibilities
. Formulating and implementing cost effective collection & recovery strategies
. Reviewing the collections & recoverystrategy regularly and ensure that the collection & recovery techniques change with change in the legal and economic situation in the country
. Coach, Train, develop, motivate the team of Collection Managers and assist them to perform to high standards and develop their potential to enhance knowledge-based skills.
Core Responsibilities
. Ensure that the budgeted NPL’s, Cash recovery and or provision numbers are achieved
. Review the collections strategy regularly and train collectors to ensure that the collection techniques change with change in the legal and economic situation of the country.
. Ensure capacity planning is in place and a load-balancing is done for the unit.
. Remain in constant touch with law enforcement agencies and external lawyers and keep the unit updated on any changes anticipated in the legal scenario of the country
. Provide portfolio feedback on an on-going basis to Head of Credit & Collections for modification of the front end acceptance criteria.
. Ensure low risk Audit rating for the unit.
. Negotiate and work out a best possible settlement with the customers with a win-win approach
. Ensure that the collection process is carried out within the framework of the bank’s code of conduct and keeping in mind the reputation of the bank
. Set up a strong collections infrastructure for recovery of delinquent accounts through empanelment of external collection agencies locally and internationally
Job Context
Qualifications
Minimum Qualification
Minimum Experience
Description: Hiring Marketing Head Job Location – Dubai Requirements: 15+ years of experience is required. Experience with Derma Medical...
Apply For This JobDescription: Are you a talented and passionate looking Software Engineer AI for an exciting new opportunity? Look no further!...
Apply For This JobJob Description Our ClientA leader in the Financial Services space.They are looking for a VP of Data Science & Analytics...
Apply For This JobDescription: This is a full-time on-site role for a Medical Sales Executive located in Dubai, United Arab Emirates. The...
Apply For This JobJob Discription We are seeking a dynamic and passionate Marketing Specialist to join our team dedicated to a leading gaming...
Apply For This JobDescription: A real estate brokerage based out of Emaar Business Park, The Greens, Dubai is seeking Luxury Real Estate...
Apply For This Job