Recovery Officers

Job Description

Malankara Multistate Cooperative Credit Society Ltd is looking for Recovery Officers to join our dynamic team and embark on a rewarding career journey. Debt Recovery: Contact individuals or businesses with outstanding debts to negotiate and facilitate the repayment process This may involve making phone calls, sending letters, or using other communication methods to reach debtors Repayment Plans: Assess the financial situation of debtors and work with them to establish reasonable repayment plans Customize plans based on the debtor's ability to pay while ensuring compliance with the organization's policies and regulations Skip Tracing: Use skip tracing techniques and tools to locate debtors who have become hard to reach or have changed their contact information This involves researching and verifying current addresses and phone numbers Legal Action: In cases where debtors refuse to cooperate or where the debt is substantial, Recovery Officers may initiate legal action to recover the debt This could include filing lawsuits or working with external legal counsel Compliance: Stay up to date with relevant laws and regulations governing debt collection practices, such as the Fair Debt Collection Practices Act (FDCPA) in the United States Ensure that all debt recovery activities comply with these regulations