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We are looking for a dedicated Collections Specialist to join our team in Indianapolis, Indiana. In this role, you will play a key part in managing overdue accounts and ensuring compliance with federal and state regulations. Your work will focus on providing personalized solutions to borrowers while maintaining organizational standards and promoting financial wellness.
Job Responsibility:
Manage moderately overdue accounts, including auto loans, mortgages, credit cards, and student loans, to prevent charge-offs while adhering to relevant laws and company policies
Recommend effective loss mitigation strategies to resolve delinquencies and encourage consistent payments
Handle alerts and notifications related to impound cases, ensuring timely and accurate processing
Ensure proper issuance of right-to-cure notices and final demand letters prior to initiating foreclosure or repossession
Coordinate door-knock efforts to engage borrowers before accounts are charged off
Process cases involving deceased borrowers, including filing claims through Probate Finder
Perform skip-tracing activities to gather updated information about borrowers
Support lower-tier delinquency accounts as needed, contributing to overall team performance
Requirements:
Proven experience in commercial collections or credit-related roles
Strong understanding of collection processes and applicable regulations
Familiarity with billing and collection procedures
Excellent decision-making skills based on experience and sound judgment
Ability to recommend effective workout solutions for delinquent accounts
Proficiency in skip-tracing and locating borrower information
Strong organizational and communication skills to manage alerts and notifications
Knowledge of loss mitigation strategies and their application
What we offer:
medical, vision, dental, and life and disability insurance