What are the responsibilities and job description for the Collections Restraint Specialist position at Funders App?
About Funders App LLC:
Funders App LLC is a leading financial technology company specializing in Merchant Cash Advances (MCA). We are seeking an experienced Restraint Specialist with a strong background in MCA collections to join our team. This is a highly specialized role, ideal for candidates with in-depth knowledge of legal enforcement procedures and asset recovery.
Key Responsibilities:
- File UCC 1, 3, and 5 using Wolters Kluwer or CSC systems.
- Draft and send UCC Enforcement Letters to merchants’ Account Receivables, banks, and processors.
- Perform bank statement and AR list scrubbing to identify collection opportunities.
- Conduct skip tracing to obtain service information such as phone numbers, fax numbers, and addresses.
- Serve lien enforcements and follow up with direction letters and demand letters as necessary.
- Collaborate with legal teams to execute asset searches for garnishment procedures.
- Maintain accurate records of all restraints, correspondence, and follow-ups in the system.
Qualifications:
- Proven experience in MCA collections with a deep understanding of industry-specific enforcement processes.
- Proficiency in using Wolters Kluwer or CSC for UCC filings.
- Strong knowledge of UCC laws and commercial debt recovery procedures.
- Excellent analytical skills with the ability to assess financial documents and perform skip tracing.
- Effective communication and negotiation skills.
- Detail-oriented with strong organizational abilities.
Benefits:
- Competitive salary and commission structure.
- Career growth opportunities within a fast-growing fintech company.
- Comprehensive benefits package including health insurance
Salary : $75,000 - $100,000
