2 Collector Jobs in Paul, MN
Blaze Credit Union is Hiring a Collector Near Paul, MN
This position will be housed in our Empire Drive location. Once training is completed, this role will be allowed a hybrid schedule (1 or 2 days from home per week).
Blaze is currently offering a bonus for DNA experience for $5,500 paid over a 2 year period, and $2,000 for Non-DNA experience paid over a 1 year period for all branch and member experience center positions.Major Duties And ResponsibilitiesEffectively manage assigned delinquent loan and credit card portfolio.
- Manage delinquent accounts by monitoring collection queue and contacting members according to Blaze’s policies and procedures, determining appropriate payment arrangements, and recording all pertinent information in system.
- Negotiate payments, settlements and payoffs within the loan/credit portfolio in accordance to department policies and procedures.
- Analyze applications, credit reports and perform skip tracing according to credit union policies and procedures.
- Prepare collection correspondence on delinquent accounts as required.
- Evaluate and recommend files for modification and/or legal action. Refer alternative payment requests to appropriate personnel. (i.e. bankruptcy notification, CCC’s requests, extensions, refinance requests, voluntary repossession and insurance claims.)
- Maintain working knowledge of all Regulations and laws in the following areas: Debt collection, fair credit act, Service member Civil Relief Act, foreclosures, and Judgment action
- Make final outbound attempts to recover charged off debt.
- Negotiate payment and settlements within the portfolio by engaging the member and/or the member’s legal counsel in accordance with department policies and procedures.
- Recommend and prepare qualified accounts for legal action
- Recommend and prepare accounts for 3rd party collection agency
- Work old charged o loan portfolio as directed
- Perform collection efforts on closed accounts, negative shares/checking accounts, courtesy pay accounts
- Provide initial “counseling” contact for members struggling with their accounts
- Provide alternatives and creative solutions for members to avoid charge off
- Document all e orts into Blaze’s collection package, operating system and TRAC.
- Administer outbound notices and letters on corresponding negative account
- Update delinquent loan spreadsheet(s) as assigned by Director of Loan Operations
- Provide support and assistance during regulatory audits and exam as needed
- Prepare daily/weekly/monthly notices and letters for members
- Provide high quality service and support for internal and external members
- Provide back up to other Loan Operations positions as needed.
- Effectively handle additional duties and responsibilities as assigned
Demonstrated Knowledge
- Professional telephone etiquette, business grammar and professional business correspondence.
- Bankruptcy laws and Fair Debt Collection Practices Act (FDCPA), Minnesota repossession laws.
- Blaze products, services policies, and procedures.
- Software and spreadsheet knowledge
- Manage assigned portfolio.
- Negotiate repayment to the credit union.
- Develop professional relationships with members and to build cooperative teams with coworkers.
- Exercise judgment, problem solve, and make decisions for member service and collection related issues.
- Organize multiple tasks and to maintain a courteous demeanor in a busy, high stress work environment.
- Employ professional communication skills (listening, reading, tact, courtesy) in difficult situations
- Use a computer keyboard and calculator; learn various office equipment.
Job Summary
Full Time
$41k-49k (estimate)
06/21/2024
07/18/2024
The job skills required for Collector include Bankruptcy, Credit Card, Negotiating, etc. Having related job skills and expertise will give you an advantage when applying to be a Collector. That makes you unique and can impact how much salary you can get paid. Below are job openings related to skills required by Collector. Select any job title you are interested in and start to search job requirements.
The following is the career advancement route for Collector positions, which can be used as a reference in future career path planning. As a Collector, it can be promoted into senior positions as a Consumer Loan Collector III that are expected to handle more key tasks, people in this role will get a higher salary paid than an ordinary Collector. You can explore the career advancement for a Collector below and select your interested title to get hiring information.
If you are interested in becoming a Collector, you need to understand the job requirements and the detailed related responsibilities. Of course, a good educational background and an applicable major will also help in job hunting. Below are some tips on how to become a Collector for your reference.
Step 1: Understand the job description and responsibilities of an Accountant.
Quotes from people on Collector job description and responsibilities
Collectors recover overdue payments and past due accounts by tracking debtors down using the phone or mail.
01/09/2022: Savannah, GA
Collectors also stay mindful of clients’ possible fears about being contacted for past due accounts and sometimes refer them to debt counselors for additional assistance.
01/18/2022: Utica, NY
After the collector and debtor agree on a repayment plan, the collector continually checks to ensure that the debtor pays on time.
03/12/2022: Waco, TX
Overdue payments on credit card balances, phone bills, auto loan payments, utility payments, and back taxes are examples of delinquent bills that a debt collector may be tasked with retrieving.
01/09/2022: Elkhart, IN
Step 2: Knowing the best tips for becoming an Accountant can help you explore the needs of the position and prepare for the job-related knowledge well ahead of time.
Career tips from people on Collector jobs
Collectors must follow federal and local laws that govern debt collection.
04/02/2022: Springfield, MO
Step 3: View the best colleges and universities for Collector.
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