Assistant Vice President - Collections - Unsecured Business Loan - FinTech Startup

Want to join the trailblazing Fintech company which is leveraging software and technology to continue their amazing growth trajectory? Sounds like you? Read more on what are we looking for in the role?

Our client is an innovative Fintech company that is revolutionizing the business of short term finance. The company is an online lending startup that is driven by an app-enabled technology platform to solve the funding challenges of SMEs by offering quick-turnaround, paperless business loans without collateral. It counts over 2 million small businesses across 18 cities and towns as its customers. Its founders are IIT and ISB alumni with deep experience in the fintech industry, from earlier working with organizations like Axis Bank, Aditya Birla Group, Fractal Analytics and Housing.com. It has raised funds of Rs. 100 Crore from finance industry stalwarts and is growing by leaps and bounds.

As the AVP Collections, you will be responsible for ensuring timely achievement of collections targets by formulating and executing collections strategy.

What you will do:

- Recruiting and training the collections team for effective collections and recovery

- Monitoring and reviewing the activities of the regional collections teams for the achievement of collections targets

- Ensuring adherence to collection processes in the region, i.e., system allocation, tracking, monitoring delayed cash deposition; identifying and reporting fraudulent practices

- Implementing collection strategies at the regional level for efficient collections and recovery of outstanding loans

- Responsible for Debt Collection of EMI and in the respective locations

- Capability for support on mechanism for legal / police authorities

- Managing productivity by fixing productivity parameters for Agencies/collection executives monitoring performance against set parameters

- Authorizing payouts and roll out collection payout structure policy

- Monitoring and ensuring adherence to collection process and taking preventive action against erring agencies/agents and discontinue agencies based on performance

- Partnering with regional sales and credit team to ensure quality sourcing

- Identifying trouble spots and implementing collection related programs

Candidate Profile:

- MBA candidates with 8 - 12 years of experience in Banking/NBFC

- Specialized Knowledge of Unsecured Business Loan Collection is a great plus

- Should have hard core recovery experience

- Analytical bent of mind & strong judgmental attributes

- Excellent Communication and negotiation skills