+ Contribute
notification
notification
Login
filter salaries All Filters

45 Online Payment Jobs

Cluster Manager - Tractor Finance

BAJAJ FINANCIAL SECURITIES LIMITED

 · 

4.0

 based on 6.7k Reviews

10-15 years

₹ 9 - 20L/yr (AmbitionBox estimate)

tooltip
This is an estimate of the average salary range for this position. It has not been reviewed by the company, and the actual salary may differ.

Pune

Cluster Manager - Tractor Finance

Bajaj Finance

posted 1d ago

Job Role Insights

Key skills for the job

Salesforce Costing Accounts Receivable Collections Business Development Banking Collection

+ 10 more

Job Description

    



Job Purpose  
"This position is open with Bajaj finance limited"
Plan, organize and control collections for PLCS Tier II Growth markets for Bucket 0 and Bucket 1 through efficient portfolio management and cost management; Develop forecasts for manpower and collections resolution planning    



Duties and Responsibilities  
PRINCIPAL ACCOUNTABILITIES
(Accountabilities associated with the job)
1. Collection planning- Monthly, six monthly and annual planning
ï‚
  •  Analyze the AOP targets and determine aspirational targets; Spread the target across the calendar months to gradually increase resolution as per the location wise nuances
    ï‚
  •  Cascade the AOP and aspirational targets across the ZMs and RCM
    ï‚
  •  Review performance (POS resolution and POS flow) both region and location wise to identify poor performing areas and provide course correction inputs to improve collection efficiency

    2. Forecasting Manpower
    ï‚
  •  Prepare manpower planning forecasts for collections based on business volumes, location requirements, etc.
    ï‚
  •  Engage with PLCS sales team and risk team to understand plans for new locations, sales contests and business volumes
    ï‚
  •  Determine impact of business volumes on delinquency and incorporate into manpower planning forecasts

    3. Portfolio management
    ï‚
  •  Analyze the Account Receivables (AR) to understand percentage of FEMI bounce and conduct trend analysis of average percentage movements to evaluate the portfolio
    ï‚
  •  Identify gaps and determine areas of process lapse impacting higher percentage of FEMI; Highlight to Risk team for potential changes to the defined processes
    ï‚
  •  Review the loss number to ensure adherence to budget target and AOP; Identify areas of deviations and guide team to determine principle outstanding (POS) resolution and in turn the count level resolution to ensure minimal variance

    4. Cost management
    ï‚
  •  Monitor the collections cost such as per receipt costing, penalty collections, etc.; in case of deviations closely review higher payout and impact on collections
    ï‚
  •  Review the collections agency metrics such as payout, penalty collections, penalty penetration, etc. to ensure alignment with company objectives
    ï‚
  •  Determine markets with opportunities to introduce and drive touch free collections (lower cost) through tele-calling
    ï‚
  •  Negotiate and finalize vendors providing tele-calling capability to drive the touch free collections
    ï‚
  •  Monitor penalty collection percentage, penalty penetration, etc. and drive penalty collections to contain the collections costs by better leveraging tele-calling efforts for collecting bounce charges, improve penalty penetrations, etc.
    ï‚
  •  Identify opportunities for introducing and deepening penetration of digital channel as waiver for online payment, charges for physical payment pick up, etc.

    5. Vendor management
    ï‚
  •  Engage with the Hub Con (Regional level) and Telecalling (Pan India) vendors to develop relations and enhance alignment with company expectations
    ï‚
  •  Review the monthly allocation for vendors, day wise resolution for early resolution and referrals for non-contactable to field teams
    ï‚
  •  Conduct discussions with vendor representatives on payout and review performance
    ï‚
  •  Visit collection agencies (small vendors, direct collection agencies, etc.) to discuss process lapse and gain|6. Team development
    ï‚
  •  Implement reward and recognition mechanisms to motivate and engage the team to meet the objectives
    ï‚
  •  Participate in recruitment process to identify the right talent at various positions within the team
    ï‚
  •  Establish individual performance expectations and regularly review individual performance of the team
    ï‚
  •  Identify development opportunities for team members to enhance their functional knowledge

    7.  Team development
    ï‚
  •  Implement reward and recognition mechanisms to motivate and engage the team to meet the objectives
    ï‚
  •  Participate in recruitment process to identify the right talent at various positions within the team
    ï‚
  •  Establish individual performance expectations and regularly review individual performance of the team
    4.  Identify development opportunities for team members to enhance their functional knowledge    



    Required Qualifications and Experience  
    SKILLS AND KNOWLEDGE
    (Minimum acceptable proficiency for this job which best indicates the education and/or experience requirements of this job and not the incumbent)

    Educational Qualifications
    a) Qualifications
    ï‚
  •  Post- graduation
    b) Work Experience
    ï‚
  •  More than 10 years of experience
    ï‚
  •  Strong experience and practical knowledge of Collections (including tele-calling and field collection)    

    • Employment Type: Full Time, Permanent

    Read full job description

    Bajaj Finance Interview Questions & Tips

    Prepare for Bajaj Finance Cluster Manager roles with real interview advice

    What people at Bajaj Finance are saying

    4.0
     Rating based on 49 Cluster Manager reviews

    Likes

    Company incentives, periodic promotions

    • Salary - Good
      • +2 more
    Dislikes

    6 days work culture, too much of micro management, compulsory work from location, lack of flexibility

    • Company culture - Poor
      • +1 more
    Read 49 Cluster Manager reviews

    Cluster Manager salary at Bajaj Finance

    reported by 275 employees with 5-17 years exp.
    Lock Unlock
    ₹8 L/yr - ₹29.5 L/yr
    112% more than the average Cluster Manager Salary in India
    View more details

    Compare Bajaj Finance with

    HDFC Bank

    3.9
    Compare

    ICICI Bank

    4.0
    Compare

    Axis Bank

    3.8
    Compare

    Kotak Mahindra Bank

    3.8
    Compare

    State Bank of India

    3.8
    Compare

    Tata Capital

    4.1
    Compare

    Mahindra Finance

    4.1
    Compare

    L&T Finance

    3.9
    Compare

    HDB Financial Services

    3.9
    Compare

    Shriram Finance

    4.1
    Compare

    Muthoot Fincorp

    4.5
    Compare

    IIFL Finance

    4.0
    Compare

    Muthoot Finance

    3.6
    Compare

    Home Credit Finance

    4.1
    Compare

    SMFG India Credit

    4.0
    Compare

    Manappuram Finance

    3.9
    Compare

    Piramal Capital Housing Finance

    4.2
    Compare

    TVS Credit

    4.3
    Compare

    Mahindra Rural Housing Finance

    4.0
    Compare

    Bharat Financial Inclusion

    3.9
    Compare

    Similar Jobs for you

    Cluster Manager at BAJAJ FINANCIAL SECURITIES LIMITED

    Pune

    10-15 Yrs

    ₹ 12-17 LPA

    Cluster Manager at BAJAJ FINANCIAL SECURITIES LIMITED

    Lucknow

    10-15 Yrs

    ₹ 12-17 LPA

    Cluster Manager at BAJAJ FINANCIAL SECURITIES LIMITED

    Lucknow

    10-15 Yrs

    ₹ 12-17 LPA

    Cluster Manager at Bajaj Finserv Ltd.

    Pune

    10-15 Yrs

    ₹ 10-15 LPA

    Cluster Manager at Bajaj Finserv Ltd.

    Lucknow

    10-15 Yrs

    ₹ 10-15 LPA

    Area Manager at BAJAJ FINANCIAL SECURITIES LIMITED

    Indore

    10-15 Yrs

    ₹ 12-17 LPA

    Area Manager at BAJAJ FINANCIAL SECURITIES LIMITED

    Indore

    10-15 Yrs

    ₹ 12-17 LPA

    Area Manager at BAJAJ FINANCIAL SECURITIES LIMITED

    Jaipur

    10-15 Yrs

    ₹ 12-17 LPA

    Area Manager at BAJAJ FINANCIAL SECURITIES LIMITED

    Jaipur

    10-15 Yrs

    ₹ 12-17 LPA

    Area Manager at BAJAJ FINANCIAL SECURITIES LIMITED

    Bhopal

    10-15 Yrs

    ₹ 12-17 LPA

    Cluster Manager - Tractor Finance

    BAJAJ FINANCIAL SECURITIES LIMITED

    4.0
     (6.7k Reviews)

    10-15 Yrs

    Pune

    1d ago·via naukri.com

    Cluster Manager - Tractor Finance

    BAJAJ FINANCIAL SECURITIES LIMITED

    4.0
     (6.7k Reviews)

    10-15 Yrs

    Lucknow

    1d ago·via naukri.com

    Cluster Manager - Payments - Technology/...

    BAJAJ FINANCIAL SECURITIES LIMITED

    4.0
     (6.7k Reviews)

    8-9 Yrs

    Pune

    4d ago·via naukri.com

    Cluster Manager - Tractor Finance

    BAJAJ FINANCIAL SECURITIES LIMITED

    4.0
     (6.7k Reviews)

    10-15 Yrs

    Lucknow

    12d ago·via naukri.com

    Cluster Manager - Tractor Finance

    BAJAJ FINANCIAL SECURITIES LIMITED

    4.0
     (6.7k Reviews)

    10-15 Yrs

    Pune

    12d ago·via naukri.com

    Payments in production support

    Virtusa Consulting Services Pvt Ltd

    3.8
     (4.8k Reviews)

    6-11 Yrs

    Hyderabad / Secunderabad

    6d ago·via naukri.com

    Area Sales Manager || City Lead || State Head || Regional Head ||

    Paytm

    3.3
     (7.5k Reviews)

    10-20 Yrs

    ₹ 15 - 27.5L/yr

    Kolkata

    12hr ago·via naukri.com

    City Sales Manager || Meerut ||

    Paytm

    3.3
     (7.5k Reviews)

    8-12 Yrs

    ₹ 13 - 18L/yr

    Meerut

    5d ago·via naukri.com

    Lead Relationship Management

    National Payments Corporation of India (NPCI)

    3.9
     (644 Reviews)

    6-8 Yrs

    Mumbai

    15d ago·via naukri.com

    Test Lead - TOSCA Automation

    Tech Mahindra

    3.5
     (35.4k Reviews)

    10-17 Yrs

    ₹ 20 - 25L/yr

    Pune

    1mon ago·via naukri.com
    How was your last interview experience?

    Jobs by Popular Skills

    Skill Jobs by Locations

    How was your last interview experience?
    Rate your experience using AmbitionBox
    Terrible
    Terrible
    Poor
    Poor
    Average
    Average
    Good
    Good
    Excellent
    Excellent