Collection Manager

Collection Manager

4-7 years
Not Specified

Job Description

Who we are:

Open is home to a bunch of hustlers who are on a mission to simplify business banking like never before. Right from driving Open Money, the world's fastest growing SME neobank that powers over 20,00,000 businesses to launching Zwitch, an industry-first no-code embedded finance platform, we are constantly trying to push boundaries at offering hearty customer-experiences.
We're home to some of the smartest & brightest 550+ minds in the fintech space. We're a Series C funded startup backed by leading international funds like Temasek, Google, Tiger Global, SBI Holdings, 3one4 Capital, Speedinvest, Beenext, Recruit Strategic Partners, Unicorn India Ventures, Tanglin Venture Partner Advisors & Angellist.

Our business offerings:
Since our inception in 2017, we've launched a line of cutting-edge innovative products that are truly disrupting the banking game.

: Trusted by Leverge Edu, Rupeek, Aisle, Arzooo & million others, Open started out by empowering entrepreneurs to focus on growing their business via our flagship product . At the heart of it is the Open business account that comes with a VISA business card & combines banking, payments, accounting, expense management & taxes, in one place.

OpenBook: Launched in 2021, OpenBook is India's first business app that comes with a digital business account that empowers small & micro businesses to manage all their finances - from billing, banking to accounting & GST - in one place.

Zwitch: Over the last 4 years, we have realized that embedding banking to product workflows is complex. That's why we built Zwitch - an embedded finance platform that offers API and no-code components for banking and compliance. It empowers businesses to build and integrate banking and financial features into any product out there!.

BankingStack: Having been deployed at over 15 banks in India, BankingStack, a cloud native SME banking platform, has already created a dent in the current fintech space. This financial OS, empowers banks to launch & complement their own digital banking offerings thus offering a superior experience to customers.

Experience:- 5-8years
Location:- Bangalore Office

What you will be doing:

. Formulation of collections / recovery policy & process.
. Drives Automations and digitization in various processes associated directly or indirectly with collections.
. Ensuring achievement of closure / recovery / roll back targets.
. Initiate legal proceedings under NI Act, Arbitration Act etc and manage all legal issues pertaining to recovery.
. Ensure compliance with policies and procedures of the company & adhere to regulatory guidelines.
. Manage relationship with collections / legal agencies.
. Generation and circulation of Collections MIS.
. Periodic Market Assessment for quality Portfolio Management.
. Monitors and analyses the business operating environment for all the zones branches with respect to Market trends, Bounce
rate, segment level delinquency etc.
. Conducts periodic meetings with Key partners / Stakeholders to ensure business continuity and containment of losses.
. Defines and designs strategic interventions to manage bounce rates, inflows, allocation and prioritization through
. Evaluates competition best practices and uses the knowledge for defining or modifying collection processes and policies.

What you will bring along:

. The role involves handling collections for lending business, Managing Legal & Compliance, Collection Agencies & Internal
. Educational Qualification: Graduate/Post-Graduate.
. Experience: 5+ years in Banks/NBFCs/Fintech Weightage will be given to Fintech experience.

Why work at Open

. You'll be part of the early tribe that is changing the way business banking rolls
. Every atom of your work will impact the way millions of businesses are run
. You'll work with some the brightest minds who'll celebrate your quirks
. You'll find growth & fun to be two-way streets - how you thrive and the way you jive, in turn drives Open

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