Debt Collector - Bihar, India - Capitallinks

Description

Overview:

The DebtCollector plays a crucial role in the organizations financialstability by ensuring timely collection of outstanding debts andminimizing bad debt losses. They are responsible for contactingdebtors and negotiating payment plans as well as maintainingaccurate records of all collectionactivities.
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KeyResponsibilities:

• Contacting debtorsto discuss outstanding debts and paymentplans
• Negotiating repayment arrangements withdebtors
• Monitoring accounts to identify overduepayments
• Preparing and maintaining accuraterecords of debt collectionefforts
• Investigating and resolving billingdiscrepancies
• Adhering to all legal regulationsand industry standards
• Implementing strategiesto minimize bad debt losses
• Collaborating withlegal counsel when necessary
• Using variouscommunication channels to reachdebtors
• Providing regular updates on debtcollection activities
• Preparing reports oncollection activities and delinquencyrates
• Adhering to ethical and professionalstandards
• Assisting with process improvementsto enhance collection efforts
• Handlinginquiries from debtors regarding theiraccounts
• Working with the finance andaccounting teams to reconcileaccounts

RequiredQualifications:

• Bachelors degree inFinance Business Administration or relatedfield
• Proven experience in debt collection or arelated field
• Strong knowledge of debtcollection laws and regulations
• Excellentnegotiation and communication skills
• Ability towork well under pressure and meet collectiontargets
• Proficiency in using collectionsoftware and MS Office
• Strong analytical andproblemsolving abilities
• Detailoriented with afocus on accuracy
• Ability to maintainconfidentiality and handle sensitiveinformation
• Proven track record of successfuldebt recovery
• Knowledge of skip tracing andinvestigative techniques
• Excellentorganizational and time managementskills
• Strong ethics and integrity in handlingsensitive financial matters
• Ability to workindependently as well as part of ateam
• Willingness to adapt to changingenvironments anddemands

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