Deputy Manager – Equipment Finance | Equipment Finance Collections | Bajaj Finance Ltd | Chennai – Anna Salai
Job Description
Summary
Looking for a challenging role as a Deputy Manager in Equipment Finance Collections? Bajaj Finance Ltd is hiring an experienced Deputy Manager – Equipment Finance to lead and manage collections for the Chennai region. This role focuses on achieving collection targets, ensuring compliance with legal and company policies, managing collection teams, and optimizing recovery strategies. If you have 3-5 years of experience in equipment finance collections, excellent leadership skills, and a results-driven mindset, this is an exciting opportunity to advance your career with one of India’s leading financial services firms.
Job Details at a Glance
| Attribute | Details |
|---|---|
| Job Title | Deputy Manager – Equipment Finance |
| Job Code | JR00188844 |
| Department | Equipment Finance, Collections |
| Location | Chennai – Anna Salai, Tamil Nadu, India |
| Region | South |
| Experience Required | 3 – 5 Years |
| Educational Qualification | Relevant Degree or Equivalent |
| Job Type | Full-Time |
| Posting Date | 23rd August 2025 |
| Application Deadline | 23rd August 2026 |
| Shift | Day Shift |
Key Responsibilities
- Achieve assigned collection targets for the Chennai region, ensuring cost-effective recovery processes.
- Monitor and meet Cost of Collection (COC) and Performance Indicator (PI) targets within prescribed limits.
- Ensure strict compliance with legal guidelines and company policies across all collection activities.
- Oversee collection agencies and field executives to prevent fraudulent activities and minimize financial loss.
- Control portfolio health by managing bucket flows and reducing write-offs within risk pricing limits.
- Handle customer escalations effectively, ensuring timely resolution of collection-related issues.
- Provide feedback on credit policies based on market trends and collection performance.
- Approve waivers and settlements as per the delegation matrix.
- Document and review action taken on accounts in soft bucket stages.
- Ensure adequate field presence (“Feet on Street”) by managing area-wise collection teams.
- Support legal and police-related recovery actions when necessary.
- Manage audit queries, implementing corrective and preventive measures promptly.
- Set productivity benchmarks and conduct daily and monthly reviews of Area Managers and collection officers.
- Recruit, train, and evaluate collection officers and area managers to build a high-performing team.
Required Skills & Qualifications
- 3-5 years of proven experience in equipment finance collections or related financial services.
- Strong people management and leadership skills with a demonstrated ability to drive results.
- Excellent negotiation, communication, and relationship management skills.
- High bias for action with the ability to lead from the front in a high-performance environment.
- Strong analytical abilities to monitor portfolio performance and detect risks.
- Motivated self-starter with perseverance and clarity of thought.
- Working knowledge of computers and relevant software tools.
- Affirmative and proactive attitude toward team development and performance improvement.
Why Join Bajaj Finance Ltd?
- Be part of a leading financial institution with a robust growth trajectory.
- Work in a collaborative environment that fosters learning and professional growth.
- Competitive compensation package with benefits.
- Opportunities to lead dynamic teams and drive business impact in Chennai’s growing market.
Apply Now
Ready to take your career to the next level as a Deputy Manager – Equipment Finance Collections at Bajaj Finance Ltd?