Company Overview:

Formed in December 2018 through the merger of infrastructure finance giant IDFC Bank and retail finance specialist Capital First, we commenced commercial banking operations in 2016.

Our core principles:

Vision: Building a world-class bank in India, driven by ethical, customer-friendly, digital, and socially responsible banking principles.

Universal Bank: Offering a comprehensive range of services like Retail, MSME, Rural, Startups, Cash & Wealth Management, Deposits, Corporate & Government Banking, Working Capital, Trade Finance, and Treasury Solutions.

Ethical Banking: We follow a ‘Near and Dear’ test, ensuring products are customer-friendly enough for employees to recommend to loved ones. We simplify legal jargon for clarity and offer ‘ZERO FEE Banking’ on all savings account services like SMS alerts, IMPS, RTGS, NEFT, ATM withdrawals, and more, making it India’s 1st & only bank to do so.

Customer-Friendly Banking: IDFC FIRST Bank credits monthly interest on savings accounts, offers lifetime-free credit cards with non-expiring rewards and transparent fees.

Technology-led Banking: Seamless services across mobile, branches, internet banking, call centres, & relationship managers. Our mobile app, with 250+ features, is rated 4.8 on Google Play & the App Store.
Global rating agency Forrester ranked it India’s best & among the world’s top 20 for two consecutive years.

Social Good Banking: Focusing on financial inclusion, we serve 40M+ customers, with 16M lifestyle improvement loans,15M loans to 4.3M women entrepreneurs, 6.5M vehicle loans, 1M each for sanitation & livelihood, 300K SME, and 100K home loans.

ESG Goals: We hold high ESG scores, demonstrating our commitment to financial inclusion & social responsibility.
Creating a new-age, ethical and world-class institution for India is a privilege for its employees.

Job Description:

Job Requirements

Job Title – Associate Debt Manager-Recoveries-Consumer Loan & Cross Sell

Function – Collections

Job Purpose

The role bearer has the responsibility to plan the collection activities for its assigned area. It also includes managing the agencies associated with the company in their assigned territory. The role bearer is responsible for the efficiency and optimization of retrieving EMI from the customers and ensuring adherence to all the guidelines laid out by the bank contributing to the larger organizational objectives of the bank.

Roles & Responsibilities

Responsible for managing and undertaking collections process for debts that have been assigned
Regularly track the portfolio for specific buckets for the assigned area
Track & control the delinquency of the area, Bucket-wise & DPD wise and focus on non-starters
Responsible to allocate and achieve targets from agencies/ in house team
Regularly follow up with the default customers
Ensuring adherence to collection process and legal guidelines
Recommend for legal actions for non-recoverable cases and following up with the legal team for the closure of the cases
Maintain data for administrative work related to collection such as updating delinquent account history, providing and maintaining MIS report, reviewing of collection feedback on daily ,weekly & monthly basis

Educational Qualifications

Graduate – Any

Post Graduate – MBA,PGDM

Experience: 0-2 years of experience in collections.