Debt Recovery Officer

Nalgonda - India

Monthly Salary: Not Disclosed

Posted on: 6 hours ago

Vacancies: 1 Vacancy

Job Summary

Job Role DEBT RECOVERY OFFICER :-

Debt Recovery Officer Responsibility:-

Key responsibilities

Contacting and communicating with debtors: Initiate contact through phone email or mail to discuss outstanding debts explain payment details and follow up on commitments.
Negotiating payment arrangements: Work with debtors to create and implement structured payment plans or settlements that are realistic based on their financial situation.
Maintaining records: Keep accurate and detailed records of all communications payment plans and collection activities.
Resolving issues: Investigate and resolve discrepancies or disputes related to accounts and handle customer inquiries and complaints professionally.
Ensuring legal compliance: Adhere to all relevant debt collection laws and company policies ensuring ethical and legal practices are followed at all times.
Reporting and analysis: Prepare reports on collection performance analyze debtor information to assess their ability to pay and provide updates to management.
Escalation: Escalate cases that cannot be resolved through negotiation to legal or management teams for further action.
Locating debtors: Use skip tracing and other tools to locate debtors who may be difficult to contact.

Job Role DEBT RECOVERY OFFICER :- Debt Recovery Officer Responsibility:- Key responsibilities Contacting and communicating with debtors: Initiate contact through phone email or mail to discuss outstanding debts explain payment details and follow up on commitments. Negotiating payment arrange...