Business Recovery and Debt Management Specialist
2 weeks ago
Job Description:
My FG Capital Sdn Bhd is seeking a highly skilled Collections Team Lead and Strategy Developer to join our team. The successful candidate will be responsible for leading the collections team, developing effective collection strategies, and analyzing performance data to improve recovery rates.
Responsibilities:
- Lead and manage the collections team to ensure timely recovery of outstanding hire purchase payments and minimize overdue accounts
- Develop, implement, and monitor effective collection strategies, including payment reminders, customer follow-ups, negotiations, and legal actions when necessary
- Identify high-risk accounts early and implement tailored action plans to recover debts while maintaining customer relationships
- Analyze collection performance data to identify trends, improve processes, and develop strategies to enhance recovery rates
- Collaborate closely with the credit risk and approval teams to assess customer creditworthiness and provide input on credit policies and approval criteria
- Ensure all collection activities comply with relevant legal and regulatory requirements, including fair debt collection practices
- Prepare and present regular reports to management on collection performance, outstanding balances, delinquency trends, and potential risks
- Handle escalated disputes and negotiate payment plans with customers to achieve satisfactory resolutions
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