What are the responsibilities and job description for the Collections Specialist position at Financial Staffing Resources, Ltd.?
Company Description
FSR is a leading provider of premier talent for credit unions (Direct -Hire) specifically recruiting for the credit union industry. Our experienced placement professionals have an unparalleled understanding of our client’s business culture and candidate expectations. We expertly match our candidates talent to our clients need for any all staff levels within the credit union organization, from teller to CEO we can make it happen for you.
Job Description
We are seeking a dedicated and detail-oriented Collections Specialist to join our team! This role involves managing delinquent accounts, skip tracing, and resolving credit card and mortgage collections, all while delivering exceptional service to our members.
Role Responsibilities
Primarily responsible for the collection efforts on accounts that are delinquent while meeting individual, department and organization goals:
- Responsible for in-house assigned delinquent accounts according to collection procedures and credit union policies;
- Skip and track down debtors to meet contractual obligations;
- Responsible for collection and resolution of delinquent credit cards;
- Responsible for mortgage collections while assisting with forbearances and modifications
- Arrange and monitor check by phone payments;
- Counsel and assist members on the telephone with collection items, questions and problems;
- Contact each assigned account by telephone or by correspondence to obtain a commitment for payment;
- Responsible for collecting any remaining deficiency and foreclosure balances;
- Assist in monitoring Total Loss Insurance claims filed by the member with their insurance companies. If acceptable, follow up with refunds of back end products with dealerships, including gap claims;
- Assist the Repossession/Bankruptcy Specialist arranging the repossession of collateral;
- Practices and brings to life with the team our “Yes And… culture;
- Comply with established regulations and law requirements;
- Perform other duties as assigned.
Qualifications
Required Experience
- Must have a minimum of two (2) years’ experience in a financial institution and one (1) year experience in consumer collections.
Skills, Education and/or Certifications Required
- High school graduate or equivalent;
- Must have a working knowledge of current Windows OS and MS Office software;
- Must be capable of performing in a fast paced office environment;
- Must have demonstrated ability to communicate effectively in writing, by telephone and in person, and understand individual member's financial problems;
- Must be able to prioritize tasks to accomplish objectives within desired time frames;
- Must be cognizant of laws and policies governing the conduct of this position.
Additional Information
Compensation: $21-23/hr, comprehensive benefits package and much more!
Salary : $21 - $23
