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Collections Officer

Collections Officer

ConfidentialIndia, Hosur
16 hours ago
Job description

Skills :

Legal Compliance in Debt Recovery, Credit Risk Assessment, Communication Skills, Cash Collection, Payment followup, Field collectiom, Debt Collection, Payment Recovery,

Company Overview

Margadarsi Chit Fund Private Limited, part of the renowned Ramoji Rao Group, has been a leading name in financial services for over 62 years. Known for being one of the most customer-centric and trustworthy financial providers, the company offers a wide range of financial solutions. Operating across Telangana, Andhra Pradesh, Karnataka, and Tamil Nadu, Margadarsi Chit Fund Pvt Ltd. boasts 122 branches and employs between 1,001-5,000 professionals.

Job Overview

We are seeking a motivated Collections Officer to join our team in various locations, including Madurai, Erode, Coimbatore, Tiruppur, Tiruchirappalli, Karur, and Hosur. This is an entry-level, full-time position ideal for freshers eager to build a career in the financial services industry. The role primarily involves managing collection processes and ensuring prompt and effective cash recovery.

Qualifications And Skills

  • Strong communication skills (Mandatory skill) for effective interaction with clients and internal teams, ensuring clear and concise exchanges.
  • Proficiency in cash collection (Mandatory skill) to efficiently manage and process financial transactions on the field.
  • Experience with field collection (Mandatory skill), enabling the candidate to handle in-person negotiations and recoveries.
  • Adept in negotiation techniques to reach mutually beneficial agreements with clients and resolve outstanding debts swiftly.
  • Sound understanding of legal compliance in debt recovery to adhere to relevant laws and avoid any potential legal issues.
  • Competence in credit risk assessment, allowing for accurate evaluation of debtor profiles and implementation of appropriate strategies.
  • Ability to follow up on payments proactively, ensuring timely and consistent recovery of dues from clients.
  • Customer-oriented approach to resolve disputes and maintain client satisfaction while meeting collection targets efficiently.

Roles And Responsibilities

  • Conduct field visits to clients to collect payments and negotiate repayment plans reflecting company's policies.
  • Maintain accurate records of all collections and ensure data is updated timely in the reporting system.
  • Develop effective strategies for dealing with unpaid debts and identify potential risk factors in client accounts.
  • Analyze the debtor's financial situation to set up feasible repayment plans allowing for smooth debt recovery.
  • Work closely with colleagues and provide feedback on collection processes to improve efficiency and effectiveness.
  • Ensure that targets and deadlines are consistently met, while maintaining the integrity and ethical standards of the organization.
  • Additional Requirements

  • Bring 10th, 12th, Degree Certificate, TC, Aadhar, PAN, Bank Passbook, Resume, Photo - 1.
  • Contact Information

    Contact HR : Sakthi.P Ph : 9944839475

    Skills Required

    Communication Skills, Cash Collection, Field Collection

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    Collection Officer • India, Hosur

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