United States
Sector
Keyword
Collectors
Debt Collectors
Payment Collectors
High school diploma or equivalent in banking or finance across India
Previous relevant work experience
The tasks a Bill and Account Collector is expected to perform include: Locating and notifying customers of delinquent accounts to solicit payments
Receiving payments and posting amount to customer's account
Preparing statements to credit department if customer fails to respond
Initiating repossession proceedings or service disconnection
Keeping records of collection and status of accounts
Locating and monitoring overdue accounts, using computers and a variety of automated systems
Recording information about financial status of customers and status of collection efforts
Conferring with customers by telephone or in person
Advising customers of necessary actions and strategies for debt repayment
Persuading customers to pay due amounts Sorting and filing correspondence, and performing miscellaneous clerical duties
Performing various administrative functions for assigned accounts
Arranging for debt repayment or establishing repayment schedules
Well-versed with analysing information and evaluating results to choose the best solution and solve problems
Proficient in customer needs assessment, meeting quality standards for services and evaluation of customer satisfaction
Knowledge of administrative and clerical procedures and systems such as word processing, managing files and records, stenography and transcription, designing forms and other office procedures and terminology
Knowledge of economic and accounting principles and practices, the financial markets, banking and the analysis and reporting of financial data
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Active listening
Effective communication skills
Good interpersonal skills
Time management skills
Mathematical skills
Social perceptiveness
Judgment and decision making skills
Critical thinking
Persuasion skills
Negotiation skills
Complex problem solving ability
It is a desk job
Need to handle a team of Executives
Local travelling is not a part of this job role
Part-time work and contractual jobs are available in some cities
Work from home option is not available
Working hours
Banks, Debt collection companies usually work for 5/6 days a week and 8/9 hours everyday. This may vary from company to company Shift system maybe available
Is the job suitable for a candidate with special needs?Maybe
This job is considered mildly hazardous or dangerous Occupational hazards include strained vision, back aches, joint pain, fatigue, stress etc.Health risks include exposure to long working hours, staring at computer screen, etc.
For candidates with up to 2 years? experience - INR8,000 to INR9,000 per month
For candidates with 2 to 5 years? experience - INR15,000 to INR16,000 per month
For candidates with over 5 years? experience - INR19,000 to INR20,000 per month
(These figures are indicative and subject to change)
Emergence of Debt Collection Business in India
The third-party debt collection industry plays an important role in the Indian economy. The industry employs hundreds of thousands of Indians as collection professionals, who collect on past-due accounts referred to them by various credit grantors, such as credit card issuers, banks, retail stores, hospitals and other health care services, or by government departments. Business purchases of this industry and personal purchases by its owners and workers ripple through the economy, supporting hundreds of thousands more jobs across the country. Further, the industry benefits the economy by recovering billions of dollars in delinquent debt each year that would otherwise go uncollected. The economic benefits of third-party debt collection are significant.
Call centre for a third-party collection companies all across India Banks across India
Local debt collection agencies across India
Towns and cities across India
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Degree or Diploma from Accounting and Finance Institutes all across India
Will be updated