Add office photos
All Filters
34 Magma Leasing Jobs
State Collection Manager
Magma Leasing
posted 8d ago
Job Role Insights
Flexible timing
Key skills for the job
Job Description
Job Purpose
The Regional Collection Manager is a key leadership position responsible for overseeing and managing the collections operations within a designated region. This role involves developing and executing effective collections strategies, leading a team of collection professionals, and ensuring compliance with regulatory requirements.
Principal Accountabilities
1. Collections Strategy:
- Develop and implement comprehensive collections strategies for the region to achieve collection targets while minimizing losses.
- Continuously evaluate and refine strategies based on portfolio performance and market dynamics.
2. Team Leadership:
- Lead, mentor, and manage a team of collection supervisors and professionals.
- Set performance targets, conduct regular performance reviews, and provide training and development opportunities.
3. Portfolio Management:
- Monitor and manage the delinquent portfolio within the region, identifying high-risk accounts and implementing appropriate collection efforts.
- Ensure timely follow-up on delinquent accounts and take necessary actions to maximize recoveries.
4. Regulatory Compliance:
- Stay updated on relevant regulatory requirements and industry best practices related to collections.
- Ensure that all collections activities within the region comply with legal and regulatory standards.
5. Reporting and Analysis:
- Prepare and present regular reports on collections performance, including recovery rates, delinquency trends, and team productivity.
- Utilize data and analytics to make informed decisions and identify areas for improvement.
6. Customer Communication:
- Oversee customer communication related to collections, ensuring professionalism and adherence to company policies.
- Handle escalated customer inquiries and negotiations.
7. Technology and Tools:
- Utilize collections software and tools to streamline processes, automate workflows, and enhance efficiency.
- Recommend and implement technology solutions for collections improvement.
8. Recovery Maximization:
- Implement initiatives to maximize recovery rates, including settlement negotiations, asset recovery, and legal actions when necessary.
Desired Profile
- Bachelors degree in Finance, Business Administration, or a related field (Masters degree preferred).
- Extensive experience in collections, with a proven track record of managing collections teams and achieving targets.
- Strong knowledge of collections regulations applicable to NBFCs.
- Excellent leadership, communication, and negotiation skills.
- Proficiency in data analysis and collections software/tools.
Employment Type: Full Time, Permanent
Read full job description What people at Magma Leasing are saying
What Magma Leasing employees are saying about work life
based on 14 employees
Flexible timing
Monday to Saturday
Within city
Day Shift
Magma Leasing Benefits
Health Insurance 
Soft Skill Training 
Free Transport 
Work From Home 
Team Outings 
Compare Magma Leasing with
Shriram Finance
Compare
Mahindra Finance
Compare
Bajaj Finance
Compare
HDFC Bank
Compare
Tata Capital
Compare
Reliance Capital
Compare
L&T Finance
Compare
Aditya Birla Capital
Compare
Sammaan Capital Limited
Compare
Edelweiss
Compare
TCS
Compare
Accenture
Compare
Wipro
Compare
Cognizant
Compare
Capgemini
Compare
ICICI Bank
Compare
Infosys
Compare
HCLTech
Compare
Tech Mahindra
Compare
Genpact
Compare
Similar Jobs for you
Branch Sales Manager - Business loan
5-8 Yrs
Bhubaneswar, Mumbai, Indore +2 more
Share an Interview