Deliver targets for collections of both consumer and SME clients in a zone and branch, with specific focus on increasing PDD collections, cost-effective collections and reducing bad-debt. Manage and liaison with collection agencies to drive improvements in collections process
Essence of Role- Key Accountabilities % of time spent
1 Collections Management - Achieve overall collection targets against the billing generated - execute strategies to enhance pre-due date and post due date collections
- Ensure timely analysis and reporting of data on collections - Ageing and segmentation, pre due-date collections, collection modes etc
- Ensure all payments are presented for posting within collection deadlines
- Contribute to curtailment of Bad debts through faster & higher collections in 30-60 buckets and higher recoveries in 90+ buckets
- Expand collections infrastructure to meet defined targets 50%
2 Bill Delivery - Liaison with circle teams to ensure that bills are delivered within defined TAT, actively support reducing instances of return bills 10%
3 Budgetary control - Achieve savings on budgeted billing and collection costs 10%
4 Partner Management - Plan and execute allocation strategies to support and enhance collections
- Improve productivity of agencies - Manage and coach both on-roll and off-roll employees/ agencies 30%
Role Dimensions
- Bad-debts target
- Accelerated collections - Receivables management
- Channel partner management (selection, onboarding, attrition, training etc.)
- Optimal allocation to channel partners
- Collections infrastructure enhancement
Typical Outputs
- Achieve targets of collections against billing generated
- Drive process improvement initiatives like on-time delivery of bill, increasing pre-due date collections, bad debt management
- Selection, development and retention of collection agencies and FOS on financial auditing & compliance review
Key Skills/Experience
- Experience in collections
- Partner management skills
- Leadership & people management skills
- 4-6 years in relevant domain- Telecom / experience in collections in banking domain
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