RPMG: Circle Portfolio Manager - CBG
- Mumbai, Maharashtra
- Permanent
- Full-time
The RPMG department focuses on the lending business of the bank by offering various loan products like Home Loans, Car Loans, and Personal Loans among others. They also offer working capital loans and Business loans for Small Businesses and is also responsible for the Rural lending business of the bank
About the Role
The team is responsible for monitoring the portfolio for irregularities in various buckets and managing the receivables. A Circle Portfolio Manager works closely with Circle Heads, Center Heads, RMs and analysts as a part of the collections process. They monitor irregularities in various buckets like 0-30 DPD, 31 – 60DPD, 60-90DPD and 90+ and then make use of collections strategies relevant to the scenarioKey Responsibilities
- Responsible for leading the collections efforts in the designated circle.
- Ensuring effective monitoring and frequent review of portfolio and applying various collections strategies in adherence to the policies
- Containment of irregularities levels in various buckets i.e., like 0-30DPD, 31-60DPD, 60-90DPD and 90+
- Containment of NPAs (NPA additions) in the portfolio
- Triggering legal actions in the accounts in line with policy
- Recoveries/upgrades in coordination with other teams
- Providing feedback to Coverage/Product/Risk teams whenever applicable
- Monitoring accounts appearing irregular due to No Credit, Non-renewal, Non-Submission of Stock Statements
- Gathering marketing intelligence by building a network with the collection’s teams across organizations
Optimal qualification for success on the job is:
- Education: Graduate/Postgraduate/CAs
- Experience: 18-22 years.
- Prior experience in Corporate Collections preferred
- Knowledge - Possess sufficient knowledge, skills, and abilities to run the collection department with experience in handling NPA, PNPA – all activities to be done with highest level of efficiency & TAT sensitivity.
- Skills - Team management / Relationship Management
- Abilities - Team building / Leadership to engage and influence changes to drive business outcomes