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As a Senior Collections Analyst based in Chicago, you will be a core member of the Credit Risk team, responsible for managing collections across a growing suite of financial products, including cash advances, capital, charge cards, overdrafts, and hardware financing. You’ll take ownership of merchant accounts that fall into arrears, working directly with customers to resolve repayment issues while maintaining compliance with regulatory requirements. This is a cross-functional role that involves close collaboration with Risk, Finance, Legal, and Product teams to ensure an efficient, fair, and scalable collections strategy.
Job Responsibility:
Engage directly with merchants in arrears via email and phone to resolve missed payments, explain contractual obligations, and guide them through resolution paths
Monitor portfolio performance, track delinquency rates, and maintain accurate logs of merchant communications and case status
Identify breaches of agreement (e.g. licensing issues, unauthorized business activity) and work with Legal and Credit Risk teams on next steps
Coordinate with internal teams on repayment plans, escalations, and recoveries, ensuring a consistent and compliant approach
Contribute to the design and refinement of collections tooling, automation, and workflows, supporting a scalable operation
Ensure all recovery activities are conducted in accordance with applicable regulatory, legal, and compliance requirements
Requirements:
Minimum of 3 years experience in collections, financial operations, or account recovery, ideally within lending, banking, fintech, or payments
Proven ability to manage a portfolio of overdue accounts, including working capital loans, overdrafts, charge cards, and hardware financing
Experience handling sensitive merchant situations with professionalism and tact, while ensuring contractual obligations are met
Strong understanding of repayment behavior, recovery strategies, and legal considerations around default and breach
Familiarity with relevant compliance and regulatory frameworks (e.g. collections and servicing regulations in the US) is preferred but not required
Comfortable working with internal stakeholders such as Risk, Legal, Product, and Finance to resolve complex cases
Experience with collections tools, CRM systems and basic reporting tools
Results-driven and goal-oriented
Able to balance empathy and firmness in challenging conversations
Comfortable in a scaling environment, helping to define processes and build for automation
Analytical and organized
Adaptable to changing priorities, product types, and risk levels
Collaborative team player: low ego, high accountability
Clear, professional communicator, both written and verbal
Confident handling difficult conversations and resolving disputes constructively
Comfortable engaging with both internal stakeholders and external merchants, sometimes in escalated situations
Able to prioritize across multiple accounts and deadlines, knowing when to escalate
Detail-oriented with strong follow-through on repayment timelines and documentation
Brings a proactive, continuous-improvement mindset to internal processes and workflows
Comfortable contributing to small projects or tooling improvements to help scale collections operations
Nice to have:
Familiarity with regulatory frameworks in the US related to lending or collections