|Job Title||Collection Officer Job Openings Citi|
|Pub Date||18 months ago|
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To help make this business eye-sight and mission happens accurate; Citi is actually start regarding fresh placement since begin as June 2018. Everybody who is considering filling this particular vacant, please participate in this Collection Officer Job Openings recruitment inside . It is suggested for many contributors to get ready most important requirements for this job recruitment procedure, for the reason that practice need you to definitely allow acceptable options how the corporation wishes with this placement. If you are that you will be one which may load the standards, you can look at you just read further info about Collection Officer Job Openings below.
Primary Location: India,Tamil Nadu,Salem
Education: Bachelor's Degree
Job Function: Operations Credit Ops
Shift: Day Job
Employee Status: Regular
Travel Time: Yes, 50 % of the Time
Job ID: 16078676
Monitor and control Delinquency and Credit losses for ABF portfolio of Commercial Banking Group.
Ensure charge-offs are minimised and recoveries are effected on Charged-off Accounts
Exercise adequate control over utilisation of CACS.
Ensure proper documentation of Collection related activities
Timely assignment of Collection cases to Agencies (If required)
Conduct periodic audits related to collection agencies, processes.
Ensure follow-up on all Return Cheques for resolution:
Identification and timely follow up of all Skip cases
Ensure legal recourse and follow up on delinquent accounts where applicable
Assist Fraud Control unit in investigation
Continuously review portfolio and collection reports to ‘highlight’ potential delinquent accounts
Liaison with Legal/Law Enforcing Authorities for speedy recovery processNegotiate with seriously delinquent borrowers and obtain repayments to minimize losses
Ensure compliance with Budgets
Ensure that Collection Costs are within Budgeted levels
Ensure that the function receives a clear satisfactory rating in all Audits
Ensure foolproof verification of identity of bank’s customers as per laid down procedures. The internal process flow must have built in reviews to ensure detection of any errors/ understanding issues.
Suggest process changes if local conditions warrant making the processes stronger
Ensure that proper risk classification is done at the time of approving transactions
Report any transaction where funds appear to originate from suspected illegal sources
Complete review all relevant reports
Raise awareness on AML
Graduate with 3-4 years of experience
As one of the leading company in India, Citi opens variety of opportunities for employees to grow and make them as future leaders of the professional and disciplined. Citi also gives a dynamic work environment in order to encourage employees to contribute optimally, and at the same time is able to upgrade new skills and erudition through the company programs.
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