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Chit Fund Globally

Do You Think Chit Fund Concept Exists Only In India?

Chitsglobally

The term chit funds stand globally with the same backbone but called in different names. It is a prevalent concept being practiced in multiple countries successfully. The below info graphics shows the better picture.

India
Samoa
SouthAfrica
Tanzania
Uganda
Vietnam
Yemen
Zambia
Zimbabwe
Chad
Taiwan
SierraLeone
Singapore
Somalia
Thailand
Tunisia
Senegal
Togo
Malaysia
Mauritius
Montserrat
Nepal
NorthKorea
Pakistan
PapuaNewGuinea
Philippines
Sudan
Lebanon
Liberia
Mali
Mauritania
Mongolia
Mozambique
NorthernMarianaIslands
SouthKorea
Sri-Lanka
Cambodia
Cameroon
China
Dominican-Republic
Ethiopia
Gambia
Ghana
HongKong
Guyana
Indonesia
Japan
Brazil
Bahamas
Bangladesh
Barbados
Belize
Benin
Bolivia

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Job Description

Outlet Executive - I​

Experience: 3 - 4 Years

Qualification: Any Degree 

Roles and Responsibilities+

  • As the head of the function, defining and implementing the collection strategy for the company,
  • You will also have the ability and skill sets to liaise with law enforcement wherever needed.
  • Supports the development of the workforce plan for the collection function for creating a high performing team.
  • Manages and controls the operating framework for the collection function, provides guidance and support, ensures implementation and review of work processes in order to achieve high-performance standards and continuous improvement.
  • Conducts periodic meetings with Key partners to ensure business continuity and containment of losses.
  • Defines and designs strategic interventions to manage bounce rates, inflows, allocation and prioritization through segmentation.
  • Evaluates competition best practices and use the knowledge for defining or modifying collection processes and policies.
  • Defines and designs strategies to minimize NPA s and maximize recoveries.
  • Defines, designs and implement the collections process manual and standard operating procedures.
  • Builds and nurtures a culture of customer service-oriented collections.
  • Ensures compliance of people, processes and systems in the collections unit with regulatory norms and internal policies.
  • Uses Business process re-engineering to challenge status quo and improve efficiencies in collections processes.



Desired Candidate Profile

  • Must have 8 – 10 Years of Experience into Collection Segment
  • Must be good and capable of handling a team of 8 – 12 members
  • Well versed into Tamilnadu Locations
  • Must have a good credit profile
  • Through and detailed understandings of all brackets of collections
  • Must be targets and number driven
  • Working Experience into similar segment for more than 5 Years.

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