Recovery Officer

The Karnavati Co-op Bank is looking for Recovery Officer to join our dynamic team and embark on a rewarding career journey Debt Recovery: Contact individuals or businesses with outstanding debts to negotiate and facilitate the repayment process

This may involve making phone calls, sending letters, or using other communication methods to reach debtors

Repayment Plans: Assess the financial situation of debtors and work with them to establish reasonable repayment plans

Customize plans based on the debtor's ability to pay while ensuring compliance with the organization's policies and regulations

Skip Tracing: Use skip tracing techniques and tools to locate debtors who have become hard to reach or have changed their contact information

This involves researching and verifying current addresses and phone numbers

Legal Action: In cases where debtors refuse to cooperate or where the debt is substantial, Recovery Officers may initiate legal action to recover the debt

This could include filing lawsuits or working with external legal counsel

Compliance: Stay up to date with relevant laws and regulations governing debt collection practices, such as the Fair Debt Collection Practices Act (FDCPA) in the United States

Ensure that all debt recovery activities comply with these regulations