Job Description
Skills required:
- UK Collections experience, preferably in Motor Vehicle.
- Experience in credit control, arrears calling or default management in the finance industry.
- Strong written and verbal communication skills. Attention to detail . Familiarity with forbearance, arrears management, and litigation processes.
- Strong grasp of FCA regulations, Consumer Credit Act, and GDPR
- Strong understanding of FCA regulations, insolvency procedures, and customer vulnerability protocols.
- Excellent communication, analytical, and problem-solving skills.
- Asset & Agreement Management. Financial Adjustments (Credit amendments, fee reversals, forbearance etC
Responsibility:
Reporting to the Collections and Recoveries Operations Manager, who will be your line manager and responsible for things like performance review meetings, 1-1s and development conversations. You will be responsible for:
- Management of a team of Financial Assistance Advisors – to include but not limited to 1-1s and development conversations, QA, QC & COT feedback/analysis, ongoing coaching, workflow management, team meetings, engagement activity
• Completing case reviews to ensure correct action has been taken and feedback provided where necessary
• Providing guidance and oversight for the third party suppliers managing our cases in recovery
• Identifying root causes and future barriers, always ensuring that dialogue is in keeping with the principles of the company and treating customers fairly principles
• Interpret numerous/complex collections processes and policies
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Do
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Maximize process efficiency and cost effectiveness through strategic planning, contract compliance and governance mechanisms
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Strategy Planning with Senior Stakeholders
- Collaborate with leaders to provide strategic and operational plans associated with the account
- Plan the strategy for the coming years by identifying new geographies for alternate revenue streams
- Ensure a deep enough understanding of clients’ individual experiences to head off potential issues before they become problems
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Contract compliance & adherence
- Ensure all SLA parameters are met in the account and maintain a green card at all times
- Review and drive appropriate actions/ systemic changes on internal and external audit findings to ensure no major non-compliances are cited
- Monitor and review the account on various delivery parameters to ensure quality delivery as per budget and timelines
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Delivery governance in the account
- Understand customer goals and key performance metrics and ensure exceeding those goals throughout the project
- Ensure a green card for all accounts in terms of performance and quality
- Monitor and review delivery dashboards/ MIS across accounts to track progress and identify potential red flags
- Participate and share account performance across operational, quality and fulfillment parameters with internal and external stakeholders
- Lead and manage project escalations, potential risks or early warning signs on project delivery to eliminate any revenue leakage
- Ensure regular invoicing as per the contract terms and condition
- Forecast and track key account metrics
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Invoicing
- Timely submission of invoices to the client as defined in the SOW
- Provide information required and resolve any invoicing issues raised by the client
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Collect and analyze statistics (costs, customer service metrics etc.)
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Assume responsibility of budgeting and tracking expenses
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Ensure outstanding performance against key metrics mentioned in the agreement
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Regular cadence around contract compliance
- Evaluate performance with key metrics (accuracy, customer service metrics etc.)
- Set direction for the team, track progress against targets through regular cadence calls and course correct as require
- Drive the focus of the team on quality and adherence to contract compliance processes
- Drive and implement structured cadence around quality, both process and transactional
- Cadence with delivery lead to ensure margins are met and the account numbers are at par to what is committed
- Weekly calls with WFM to ensure resource optimization, compliance to the manpower numbers agreed in the contract, future planning in case of ramp ups etc.
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- Resource Allocation & Retention
- Conduct effective resource planning to maximize the productivity of resources (people, technology etc.)
- Review and monitor resource planning and fulfillment in line with account requirements and costs of delivery
- Optimize manpower and minimize leakages by working closely with delivery head
- Ensure retention by offering relevant trainings and certifications of all allocated resources
- Lead one-on-one floor connect and other engagement activities to improve stickiness of the delivery team
- Collaborate and influence internal key stakeholders to manage and resolve issues to ensure fulfillment and flawless delivery of projects
Experience: 5-8 Years .
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