Resolution Specialist Summary :
- The Resolution specialist will be responsible for effective resolution strategies and managing the resolution of delinquent accounts.
- This role requires a strategic thinker with strong leadership skills and a deep understanding of the ARC sector.
Key Responsibilities :
Strategy Development : Develop and implement effective resolution strategies to minimize overdue accounts.Portfolio Management : Monitor the collections portfolio, analyse trends, and implement corrective actions to improve collection efficiency.Customer Interaction : Engage with customers to understand their financial situations and negotiate payment plans or settlements.Legal Coordination : Collaborate with the legal team to manage cases requiring legal intervention, including initiating and following up on legal proceedings.Reporting : Prepare and present regular reports on resolution activities, performance metrics, and recovery rates to senior management.Compliance : Ensure all collection activities comply with relevant regulations, company policies, and industry best practices.Process Improvement : Identify opportunities for process improvements and implement changes to enhance the efficiency and effectiveness of the collections function.Qualifications and Skills :
Education : Bachelor's degree in Finance, Business Administration, law or a related field. A Master's degree or professional certification (e.g., CA, CFA) is a plus.Experience : Minimum of 5-6 years of experience in collections and resolutions, preferably within the ARC, NBFC or financial services industry.Leadership : Proven experience in managing and leading a team of collection professionals.Analytical Skills : Strong analytical and problem-solving skills with the ability to interpret data and make data-driven decisions.Communication : Excellent verbal and written communication skills with the ability to negotiate and influence outcomes.Regulatory Knowledge : In-depth knowledge of relevant laws, regulations, and compliance requirements in the ARC sector.Customer Focus : Strong customer service orientation with the ability to handle sensitive situations professionally and Competitive salary and performance-based incentives.Health and wellness benefits.Professional development opportunities.A supportive and collaborative work environment.(ref : iimjobs.com)