Add office photos
All Filters
34 Magma Leasing Jobs
Zonal Collection Manager
Magma Leasing
posted 26d ago
Job Role Insights
Flexible timing
Key skills for the job
Job Description
Job Purpose
The Zonal Collection Manager plays a pivotal role in managing and leading the collections operations within a designated zone or region for our NBFC. This position involves formulating and executing collections strategies, overseeing a team of collection professionals, and ensuring compliance with regulatory requirements.
Principal Accountabilities
1. Collections Strategy:
- Develop and implement comprehensive collections strategies for the assigned zone or region, aligned with national collections goals.
- Continuously evaluate and enhance collection techniques based on performance data.
2. Team Leadership:
- Lead, mentor, and manage a team of collection supervisors and professionals within the zone.
- Set performance targets, conduct regular performance reviews, and provide training and development opportunities.
3. Portfolio Management:
- Monitor and manage the delinquent portfolio within the zone, identifying high-risk accounts and implementing tailored collection efforts.
- Ensure timely follow-up on delinquent accounts and coordinate collection activities.
4. Regulatory Compliance:
- Stay updated on relevant regional and national regulatory requirements and industry best practices for collections.
- Ensure that all collections activities within the zone adhere to legal and regulatory standards.
5. Reporting and Analytics:
- Prepare and present regular reports on zone-level collections performance, including recovery rates, delinquency trends, and team productivity.
- Utilize data analytics to make informed decisions and identify opportunities for improvement.
6. Customer Communication:
- Oversee customer communication related to collections, ensuring professionalism, and adherence to company policies.
- Handle escalated customer inquiries, negotiations, and settlements as necessary.
7. Technology and Tools:
- Utilize collections software and tools to streamline processes, automate workflows, and enhance efficiency within the zone.
- Recommend and implement technology solutions for collections improvement.
8. Recovery Maximization:
- Develop and execute initiatives to maximize recovery rates, including effective settlement negotiations, asset recovery, and legal actions when required.
Desired Profile
- Bachelors degree in Finance, Business Administration, or a related field (Masters degree preferred).
- Substantial experience in collections, with a proven record of effectively managing collections teams and meeting targets.
- In-depth knowledge of collections regulations applicable to NBFCs at both the regional and national levels.
- Strong leadership, communication, negotiation, and data analysis skills.
- Proficiency in collections software and 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
Branch Sales Manager - Business loan
5-8 Yrs
Bhubaneswar, Mumbai, Indore +2 more
Share an Interview