Zonal Manager - Debt Management Services - The Wheels - 2W/3W

confidential


Senior Team Member – Commercial lending
confidential • Bengaluru, Karnataka • via BeBee
18 hours ago
Full–time
No Degree Mentioned
Apply on BeBee
Job description
• Brief Overview of Position:

This role is responsible for onboarding all commercial loans to the core banking system (ACBS). This role serves an important function at the bank. Translating the legal documents and critical deal terms into the Banks Accounting system of record requires a high level of detail, the ability to read, comprehend, and understand complex loan contracts and loan terms. This role requires focus and requires the ideal candidate to operate with precision. The booking department is the first step in the life cycle of the on-going servicing of all commercial loans. Accuracy and precision are key.
• Responsibilities:

• Receive and review commercial loan documentation (both attorney prepared and Laser Pro prepared)

• Identify key terms within the loan documentation

• Enter loan details into the ACBS system of record, to include borrower entities, guarantor entities, rate, repayment, accrual, collateral, etc.

• Understand and interpret the Banks credit approval document and any applicable credit write up

• Navigate the banks Commercial Loan Origination platform to access the required loan documents

• Onboard new clients to the Banks Client Onboarding application (Signature UI) Public

• Onboard new, renewed, and modification credit actions to the Banks core system (ACBS) to include Commercial, Corporate, Private Wealth, and Consumer lending actions

• Ability to translate key terms from commercial loan documentation (Credit Agreement, Note, etc) into the ACBS system of record
• Understand complex loan structures and complex loan documentation (to include large syndicated transactions)

• Properly transact offsets within the Loan General Ledger system to properly account for fees and loan offsets at booking

• Respond quickly to quality control deficiency citings to correct any errors made in the booking process

• Communicate status of loan booking to line of business partners and bank managers

• Manage a pipeline of pending loans and prioritize accordingly

• Identify errors or issues at the time of booking and escalate accordingly

The duties listed above are the essential functions, or fundamental duties within the job classification. The essential functions of individual positions within the classification may differ. Texas Capital Bank may assign reasonably related additional duties to individual employees consistent with standard departmental policy.
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Bajaj Finserv


Zonal Manager - Debt Management Services - The Wheels - 2W/3W
Bajaj Finserv • Bengaluru, Karnataka • via LinkedIn
21 hours ago
Full–time
No Degree Mentioned
Apply on LinkedIn
Job description
Location Name: Bengaluru - Residency Road

Job Purpose

To assist the organization in collecting outstanding dues and Non-Performing Loans (NPLs) for DMS- The Wheels – 2W/3W across all payment buckets, aiming to reduce outstanding amounts.

Duties And Responsibilities
• Managing Collection Targets

 Ensure adherence to collection schedules.

 Attain EMI and penalty collection objectives.

 Reposition vehicles in cases of defaults.

 Close cases by securing settlement amounts.

 Explore diverse customer communication approaches for effective recovery.
• Vendor Management

 Appoint collection agencies.

 Strategize and allocate tasks to agencies.

 Conduct on-site checks to validate procedural adherence.

 Ensure prompt payment deposits by Field Officers (FOS).

 Guarantee timely payments to vendors as per the schedule.

 Conduct training sessions for agents working with vendors.
• Executing Recovery Procedures

 Initiate customer calls for debt recovery.

 Ensure team compliance with Standard Operating Procedures (SOPs) during customer interactions.

 Gather customer feedback to improve the collection process.

 Conduct training sessions to enhance the team's collection skills.
• Stakeholder Management

 Conduct regular stakeholder reviews.

 Align stakeholders with the collection strategy.

 Realign case priorities based on defined deliverables and objectives.
•  
• Team Management

 Participate in recruitment process to identify right talent for various roles in the team

 Identify high potential talent and provide opportunity to groom them for future roles

 Provide ongoing coaching, mentoring, and performance feedback to ensure the team's success.

 Set clear targets, train & motivate the team, and foster a positive and collaborative work environment.

Key Decisions / Dimensions

Following Decisions Are Taken By The Role

 Appointment of Vendors

Major Challenges

 Managing assertive customers in default

 Dealing with deliberate defaulters

 Sustaining a high team morale

Required Qualifications And Experience
• Qualifications

 Graduate in any stream
• Key skills required
•  Minimum 8-10 years of work experience in a finance industry in recoveries of two wheelers
•  Experience of managing a team is required
•  Communication Skills & Stakeholder Management
•  Good knowledge and connect with legal entities
•  Leadership qualities
•  Result Oriented Mindset
•  Good team player
•  Motivation skills