Loan Collection Executive Jobs in Coimbatore Microfinance Institution

📋 Job Description

Jobzi is sourcing qualified candidates for Loan Collection Executive positions in Coimbatore's private Microfinance Institution sector. This is a full-time opportunity with a reputed Microfinance and NBFC-MFI employer in Coimbatore offering competitive salary, structured growth, and a professional work environment. Tamil communication skills are preferred alongside English for professional and business interaction in Coimbatore.

📌 Key Responsibilities

• Visit assigned borrower groups and collect EMI repayments on scheduled dates
• Issue printed or digital receipts and maintain daily cash collection register
• Follow up with overdue borrowers through field visits and phone calls
• Reconcile daily collections against loan management system records at branch close
• Attend SHG centre meetings and document attendance and repayment status
• Escalate chronic defaulters to branch manager with written field visit report
• Update daily collection MIS report for submission to branch operations team

🎓 Qualifications and Requirements

• Do you have experience collecting EMIs from JLG or SHG borrower groups?
• Are you comfortable with daily field visits across Coimbatore semi-urban zones?
• How do you handle a borrower who is unable to repay on the due date?
• Can you maintain accurate cash collection records and tally them daily?
• Do you speak Tamil fluently for effective borrower communication?
• Are you familiar with responsible collection practices per RBI MFI guidelines?
• Do you hold a two-wheeler driving licence for field collection visits?
• Good Tamil and English communication skills for team coordination and client interaction in Coimbatore.

✅ Required Skills

🏆 Certifications and Qualifications

Graduate degree in any stream for loan officer and field roles (minimum qualification at most MFIs); NISM Series V-A for MFI staff handling mutual fund cross-sell; RBI NBFC-MFI compliance awareness and Responsible Finance guidelines (RBI Harmonised Guidelines 2022) for operations; PMLA (Prevention of Money Laundering Act) and KYC awareness for branch roles; credit analysis and cashflow assessment training for credit officer roles; training in JLG (Joint Liability Group) lending methodology; Tamil language fluency required for field-facing roles in Coimbatore