Collection Executive – Banking Loan (Lucknow)

Are you wondering what does a collection executive do in banking? A Collection Executive plays a crucial role in the loan recovery process in India, ensuring timely repayment of loans while maintaining customer relationships. This role is ideal for professionals looking to build their career in credit recovery in banking, field collection jobs in banks, and debt collection services.

Roles and Responsibilities of Collection Executive

• Handle the banking loan recovery process for personal, business, and unsecured loans.
• Understand how banks recover personal loans and implement effective follow-up strategies.
• Manage field collection executive duties including visiting customers and initiating repayment discussions.
• Use skip tracing in loan recovery to track defaulters and update databases.
• Prepare and deliver debt recovery letters and maintain recovery records.
• Educate customers on repayment obligations and how to deal with loan defaulters legally.
• Follow the legal procedure for loan recovery in India, including escalation under the SARFAESI Act.
• Assist in bank NPA recovery steps, managing difference between NPA and write off, and handling bad loans.
• Support senior officers in NPA loan recovery process and maintain compliance with RBI norms.
• Use collection software for banks and tools provided by loan recovery outsourcing companies.
• Coordinate with debt collection agencies in India when required.

Key Duties of a Collection Officer / Recovery Executive Job Profile

• Contact customers with overdue payments.
• Negotiate repayment terms as per rules for recovery agents in India.
• Manage unsecured loan recovery methods with professionalism.
• Monitor default loans in banking and initiate appropriate actions.
• Ensure ethical practices while handling queries on is loan recovery legal in India.
• Provide regular MIS reports on loan recovery services in India.
• Support the bank in how to recover NPA accounts and coordinate with guarantors (can banks recover money from guarantor?).

Skills & Qualifications

• Graduate in any stream (Finance/Commerce preferred).
• Prior experience in loan recovery services India, field collection jobs in banks, or debt collection BPO services is a plus.
• Knowledge of difference between collection agent vs recovery agent.
• Familiarity with recovery agent training courses and compliance requirements.
• Strong communication, negotiation, and skip tracing tools in India knowledge.

Why Join Us?

• Fixed salary of ₹20,000 per month with attractive incentives.
• Exposure to types of collection jobs in banking and career growth opportunities.
• Learn industry-specific practices like NPA recovery steps, outsourcing loan recovery India, and recovery agent registration online.
• Hands-on experience with debt collection BPO services and loan recovery outsourcing companies.

Career Path

Start as a Collection Executive, grow into Recovery Officer in Bank, and later take on senior roles in loan recovery outsourcing companies or debt collection agencies in India.

How to Apply

Interested candidates can apply for collection executive job in Lucknow by sending their CV to cst220493@gmail.com or contact us at 8960372672.

For More Information, Visit our office at Zeevika Consultancy (The Best Recruitment Company In India)

Graduate (Any Stream)