A collections agent's primary duty is communicating with customers, usually via telephone, to resolve delinquent accounts and collect payment on debts. Collection agents act as liaisons between businesses and customers to collect debts and resolve outstanding balances. Their responsibilities include developing payment plans, locating debtors in order to begin the recovery process, and negotiating debt payments. They may also be required to negotiate payment settlements on recoverable debt.
Collection Agent Responsibilities:
- Collaborating on debt collection efforts with Accounts, Sales, and the Legal Department.
- Developing debt collection strategies and plans.
- Adhering to the SEC throughout the debt collection process.
- Contacting debtors by telephone to enact and negotiate debt recovery.
- Searching publicly available databases to track down defaulters, including Credit Bureau information, background checks, and loan documents.
- Preventing repeated payment delinquency by negotiating manageable debt payments.
- Negotiating settlements to receive payment on a certain percentage of the debt.
- Keeping hard copy and electronic records of all communications, payment plans agreed to, and amounts paid.
- Sending statements of delinquencies and satisfied debts to the Credit Bureau, as well as purging records where debts have been satisfied.
- Initiating legal and repossession proceedings if debt recovery fails.
Collection Agent Requirements:
- A minimum of 1 year experience in sales, customer service, or telemarketing.
- Previous debt collection experience will be advantageous.
- Experience in developing and enacting debt recovery plans and strategies to prevent losses.
- Exceptional ability to communicate with debtors to negotiate debt payment plans.
- Ability to collaborate on debt collection efforts with other departments and institutions.
- Experience in tracking down defaulters by searching publicly available databases and records.
- Exceptional recordkeeping and interpersonal skills.
Job Type: Full-time
Salary: Php12,000.00 - Php14,500.00 per month
Benefits:
- On-site parking
- Paid training
Schedule:
- 8 hour shift
- Day shift
Supplemental pay types:
- 13th month salary
- Overtime pay
- Performance bonus
Experience:
- collection: 1 year (Preferred)
- lending: 1 year (Preferred)
Willingness to travel:
- 100% (Preferred)
