Recovery Lead recruitment in Hyderabad - For a client of TeamLease Services Ltd

A recovery lead is a management or senior position responsible for developing and implementing strategies to recover overdue debts or assist individuals and organizations in regaining financial stability. Key responsibilities include leading a team, analyzing accounts, negotiating payment plans, ensuring legal compliance, and reporting on recovery progress. Qualifications typically involve a bachelor's degree, experience in collections or recovery, and strong leadership, negotiation, and analytical skills. 

Key responsibilities

• Strategy development: Develop and implement effective debt recovery strategies to minimize financial loss.
• Team leadership: Lead, manage, and mentor a team of recovery specialists, providing guidance and support.
• Account management: Oversee the management of delinquent accounts, including analyzing risk and creating recovery plans.
• Negotiation: Guide and approve complex negotiations with clients to arrange payment plans and settlements.
• Reporting: Prepare and present detailed reports on recovery progress, performance, and trends to senior management.
• Compliance: Ensure all recovery activities comply with relevant financial laws and regulations.
• Collaboration: Work with legal, compliance, and other departments on escalated cases or complex issues.
• Process improvement: Identify opportunities to improve the efficiency and effectiveness of the recovery process. 

Qualifications and skills

• Education: Typically requires a bachelor's degree in Finance, Accounting, Business Administration, or a related field.
• Experience: Several years of experience in debt recovery, collections, risk management, or a similar field are essential.
• Leadership: Proven leadership and team management skills are crucial for leading a recovery team.
• Analytical: Strong analytical skills to evaluate financial situations, assess risk, and develop effective strategies.
• Negotiation: Excellent negotiation and communication skills to handle sensitive client interactions and secure payment arrangements.
• Compliance: Thorough knowledge of relevant financial laws and regulations is required.
• Technical: Proficiency with collections software, CRM systems, and Microsoft Office Suite (Excel, Word) is necessary. 
• Recovery Team Lead – Job Description - The Willow CenterEducation: High School Diploma or GED. Preferred: Bachelor's degree