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We are looking for an experienced Collections Specialist with 6–8 years of collections experience within financial institutions, including consumer lending environments. Skilled in managing delinquent accounts across credit cards, personal loans, secured loans, mortgages, and home equity loans, particularly accounts 60+ days past due and charged-off or high-risk portfolios. Strong knowledge of regulatory requirements including FDCPA, FCRA, GLBA, and TCPA, with a consistent track record of recovering delinquent debt through compliant, ethical, and member-focused collection practices.
Job Responsibility:
Manage collection efforts for delinquent consumer loan accounts across multiple lending products
Review account histories to determine causes of delinquency and develop appropriate resolution strategies
Contact members by phone and written correspondence to secure payment and resolve past-due balances
Negotiate payment arrangements, loan extensions, and potential loan modifications for approval
Provide empathetic member support and refer borrowers to financial counseling resources when appropriate
Recommend next steps for severely delinquent accounts, including repossession, foreclosure, legal action, charge-off, and agency placement
Prepare charge-off documentation and coordinate account assignments to third-party collection agencies
Maintain detailed records of collection activity, account status, and resolution outcomes
Work closely with internal teams including lending, loss mitigation, legal, and member service departments
Meet established recovery goals, productivity targets, and compliance standards
Requirements:
Bachelor’s degree in Business Administration, Accounting, Finance, or equivalent combination of education and experience
6–8 years of collections experience in a financial institution