Recovery Executive

Role & responsibilities:-

Loan Recovery Executive Job Description

The Recovery Executive will take charge of recovering overdue payments from clients. This involves analyzing delinquent accounts, contacting borrowers, negotiating repayment plans, and ensuring compliance with financial regulations. The role demands excellent communication and analytical skills, as well as a commitment to minimizing the organizations financial risks

Responsibilities

• Analyze delinquent loan accounts and identify appropriate recovery strategies.
• Contact borrowers to discuss repayment plans and resolve overdue payments.
• Negotiate payment arrangements and settlements as required.
• Maintain detailed records of all recovery activities.
• Collaborate with legal and compliance departments to ensure adherence to financial regulations.
• Prepare and provide detailed reports on recovery progress to management.
• Utilize collections software and tools to manage accounts effectively.
• Conduct field visits as necessary to recover assets or payments.

Qualifications

• Bachelors degree.
• Previous experience in loan recovery or collections is preferred.
• Excellent communication and negotiation skills.
• Ability to handle high-stress situations calmly and efficiently.
• Proficiency in Microsoft Office Suite and financial software.