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As a Collections Associate, you will be responsible for contacting borrowers with early-stage overdue payments to negotiate and facilitate the resolution of outstanding debts. You will work closely with borrowers to establish payment plans, answer inquiries, and provide assistance in bringing accounts up to date. Your objective is to recover outstanding balances while maintaining positive customer relationships and adhering to applicable laws and regulations.
Job Responsibility:
Initiate communication with borrowers with overdue accounts via phone, email, or written correspondence
Follow established procedures and applicable regulations for reaching out to borrowers and documenting all communication
Negotiate repayment plans or settlements with borrowers based on their financial situation and the organization's policies
Provide information on available payment options and guide borrowers through the process of resolving their outstanding balances
Address inquiries from borrowers regarding their accounts, payment history, and related matters
Maintain a professional and courteous attitude, ensuring positive interactions even in challenging situations
Document all interactions with borrowers, including details of conversations, agreements, and any promised payments
Update and maintain accurate records of accounts, payments, and communication history
Ensure compliance with relevant laws, regulations, and industry standards governing debt collection practices (e.g., Fair Debt Collection Practices Act)
Provide regular updates and reports on collection activities, progress, and any issues to supervisors or management
Requirements:
1-2 years of experience with default or in-house collections, 0-60 day delinquency preferred
1-2 years of experience in a contact center environment
Previous experience in mortgage, financial services or banking preferred
Strong communication and negotiation skills
Familiarity with debt collection laws and regulations
Ability to handle difficult conversations and maintain composure under pressure
Proficient in using computer systems, databases, G Suite, and relevant software
Able to commute to our Charlotte, NC office on a hybrid basis
A quick and flexible learning style with the ability to navigate new technology platforms
A positive and problem-solving approach to customer service
Excellent communication and relationship-building capabilities
Ability to instill trust and rapport with customers
Strong organizational and prioritization skills
Flexibility and adaptability to ongoing refinements in process and structure
What we offer:
Comprehensive health, vision, and dental insurance with 100% employer-paid premiums for employees and their dependents on select plans
Company HSA, FSA, Dependent Care, 401k, and commuter benefits
Employer-funded life and disability insurance coverage