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Collection Agency Management Unit

4 months ago


Singapur, Singapore OCBC Bank Full time
Collection Agency Management Unit -(240000T3)

Description

Job Summary:

·Collections Agency – manage external collection agencies’ debt collection function & performance to ensure prompt and satisfactory service standards being rendered

·Inhouse Recovery Support

Duties and Responsibilities:

Financial

 To achieve monthly target indicator set in terms of delinquencies and recoveries To maximise Bad Debt Recovery collection for written off accounts (above 180 days past due) for Unsecured and Secured accounts

Contribute to meet department financial KPI and departmental cost

Compliance

Ensure timely submission of external agencies Control/Assessment reports within the TA.

Ensure strict adherence to all credit policies, procedures, BNM guidelines, compliance, information security, etc

Processes

Manage agencies’ debt collection support function and performance to ensure prompt and satisfactory service standards being rendered

Perform account assignment to the collection agencies.

Check accounts submitted by external collections agency for commission claim

Managing and obtaining approval for composite settlement or instalment plan

Assist to negotiate for settlement and handle difficult customers

Managing customers complaints and provide prompt resolutions to meet customer’s expectation.

Human Capital

Take on additional tasks and/or projects when assigned

Back up other colleagues during their absence

Qualifications

Skill Sets / Experiences:

•Hands-on experience in Collections and Recovery Process;

•Knowledge and practical experience of litigation process and understand regulatory requirements;

•Practical knowledge and experience on unsecured products, collections and recovery system.

•Good negotiation skills.

•Good communication and writing skills.

•Experience in establishing plans; processes and managing resources.

Experience & Qualifications

•Proficient in English and good writing skills.

•Pleasant disposition with good interpersonal and communication skills

•Positive attitude together with initiative; and able to work independently

•Able to motivate team towards achieving goals.

•Good knowledge of Microsoft Words, Excel, and PowerPoint.