What are the responsibilities and job description for the VP of Asset Protection position at Telhio Credit Union?
Formed in 1934, Telhio began as a credit union for Columbus Telephone Company (now AT&T) employees. Telhio now serves over 70,000 member-owners throughout central and southwest Ohio. As one of the largest credit unions in Ohio, Telhio is a strong financial institution that continues to serve its members through extraordinary service, innovative financial solutions and community involvement. After generations of service and growth, we never lose focus of our three core values - Caring, Commitment, and Integrity. Position Summary : The Vice President Asset Protection is responsible for overseeing the servicing and liquidation of distressed assets within Collections, Bankruptcy, Foreclosure, Loss Mitigation, Repossessions, and Claims. The Director performs strategic planning, provides departmental oversight, and creates efficiencies managing workflows while ensuring policies and procedures, training tools, and team skill sets are in place and adhering to applicable State, Federal, and Investor regulatory requirements are in place and followed.
What you will do :
- Manage the Asset Protection department that includes Collections, Loss Mitigation, Foreclosure, Repossessions, Claims and Bankruptcy by mitigating delinquency and losses, and the timely reporting and filing of all claims with insuring agency.
- Ensure Asset Protection & Operations Policy guidelines are followed to insure consistency within default servicing and operations.
- Monitor staff to ensure they are being creative and proactive in offering delinquency resolution plans and loss mitigation efforts.
- Ensure Specialist are offering viable repayment solutions. Ensure Investor Default Servicing Guidelines are practiced and followed.
Ensure workflow and procedures are put into place, trained on, and used / followed.
Production of monthly performance reports for Board and Corporate Development identifying any trends and providing key data.
Receive and Evaluate Regulatory changes / updates and determines needs to make Asset Protection policy changes
Ensures that delinquent loans are serviced meeting investor default servicing requirements.
Reviews and interprets member legal and financial documents proficiently, to offer viable loss mitigation proposal. (i.e. credit reports, pay stubs, bank statements, tax returns, bankruptcy plans)
What you will need : Education :
Work Experience
Knowledge, Skills and Abilities
What you will earn :
Physical Demands
The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
While performing the duties of this job, you will need to have good manual dexterity as well as speaking and hearing ability. This position requires sitting; some reaching; frequent standing and walking; some stooping or kneeling. The employee must occasionally lift and move up to 50 pounds. It is expected that the employee will read, compile, compute and record numerical and statistical data. This is a Non-Collective Bargaining Unit Telhio is an Equal Opportunity Employer
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