9 Collection specialist Jobs in New York, NY
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FlagStar Bank is Hiring a Collection specialist Near New York, NY
Coordinate collection process for small business loans and home equity loans. Correspond with attorneys and Lenders, make recommendations on the recovery of funds and negotiate workouts.
- Monitor daily delinquent loans, Monitor the over the credit limits, the Overdraft portfolio and coordinate with various PCG on appropriate action.
- Review and approve signed documentation, such as Forbearance Agreement or settlement agreement, verified complaint, summons, Judgment - update accounts status records - prepare and present reports on Collection activities and progress
- Confer with Private Client Group Directors on personal overdraft that reach 40 days and above and business overdraft that reach 70 days and above.
- Prepare, submit and follow up on packages to lawyers on PPP / SBA loan, Commercial and Consumer loans and Overdraft portfolio accounts -
- Comfortable working with Clients and Negotiate and approve settlement between clients and attorneys.
- Resolve Clients credit issues and Contact clients to discuss their past due payments also Meet clients at bank location to discuss pay off options.
- Analyze credit, financial statements and tax documents and recommend a payment plan.
- Visit law offices to pick up checks, or documents as needed. Participate in quaterly meeting for Watchlist Heloc portfolio -Update monthly past due report and 45 days OD report - Monitor, prepare monthly GL reconciliation reports for the Collection Dept.
- Prepare delinquent letters for clients prior of referring to legal - Quarterly update the Foreclosure Home Equity 1st position with the New York State website.
Performed Monthly property inspection on the Foreclosure Heloc in 1st position
Acts as back up to manager when out of the office.
REQUIREMENTS :
- 4-5 years in collections, servicing, loan processing
- Knowledge of collection and credit laws, regulations, practices
- Must be able to collaborate and negotiate with clients
- Must be proficient in Microsoft Word and Excel
- Excellent communication (written and verbal) required
Last updated : 2024-09-04
Job Summary
Full Time
$48k-61k (estimate)
07/30/2024
09/10/2024
connectity.com
<25
The job skills required for Collection specialist include Written Communication, etc. Having related job skills and expertise will give you an advantage when applying to be a Collection specialist. That makes you unique and can impact how much salary you can get paid. Below are job openings related to skills required by Collection specialist. Select any job title you are interested in and start to search job requirements.
The following is the career advancement route for Collection specialist positions, which can be used as a reference in future career path planning. As a Collection specialist, it can be promoted into senior positions as a Collections Representative III that are expected to handle more key tasks, people in this role will get a higher salary paid than an ordinary Collection specialist. You can explore the career advancement for a Collection specialist below and select your interested title to get hiring information.
If you are interested in becoming a Collection Specialist, 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 Collection Specialist for your reference.
Step 1: Understand the job description and responsibilities of an Accountant.
Quotes from people on Collection Specialist job description and responsibilities
Specialists must first locate debtors and then attempt to collect payment by negotiating debt settlements.
01/29/2022: Springfield, IL
Collections Specialists are generally responsible for managing and collection all the outstanding accounts receivables form clients and customers.
03/15/2022: Ventura, CA
Collection Specialists keep track of accounts receivable.
03/22/2022: Lorain, OH
Specialists are responsible for establishing and maintaining various documents, reports and following regulation forms.
02/02/2022: Monroe, LA
Analyzed credit service bureau data as needed and recommended changes required to credit limit or collection actions.
03/28/2022: Lawrence, MA
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 Collection Specialist jobs
Collections specialists must be able to approach each conversation as a fresh start without carrying over any emotions from previous calls.
04/11/2022: Allentown, PA
Collections specialists are often entry-level professionals with minimal experience and education.
02/28/2022: Lexington, KY
If you want to take this path, you must have the ability to provide exemplary customer service, type and talk at the same time, be reliable, hardworking and willing to learn.
02/09/2022: Concord, NH
Collections specialists are often entry-level professionals with minimal experience and education.
02/07/2022: Waco, TX
A collection specialist should also understand how to overcome objections owing to the nature of the job.
01/27/2022: Bridgeport, CT
Step 3: View the best colleges and universities for Collection Specialist.
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