What are the responsibilities and job description for the Asset Recovery Specialist position at United Nations Federal Credit Union?
Why join this team
Join this collaborative team to assess the risk of lending activity, and offset risk by ensuring the recovery of funds using collection letters, calls and skip tracing to resolve delinquent accounts and mitigate losses in order to contribute to the financial soundness of UNFCU.It will also provide the opportunity to hone your negotiating skills.
This position is hybrid
NYC Salary Range - $59,000 - $62,000 annually; compensation is commensurate to geographic location.
What you'll do
Regardless of seniority or role, uphold UNFCU’s mission, core values, and guiding principles by providing an exceptional service experience to colleagues and members alike through consistent demonstration of our service excellence behaviors.
- Manage delinquency by working accounts in the assigned queue in LMS daily to reduce delinquency and apply funds to delinquent accounts; determine need for repossession and make appropriate recommendations to manager; utilize online collection systems and document all collection efforts and telephone calls; remove limits and/or place blocks on Visas and Lines of Credit; and update Visa default rates.
- Analyze member account portfolios and prioritize delinquent accounts; recommend accounts to be referred to attorneys and monitor collection activity; monitor payroll allocations.
- Communicate with members to notify them of past due loan payments in order to control delinquencies.
- Negotiate and make recommendations regarding loan workouts, deferments, and payment reductions.
- Provide courteous and professional service to UNFCU staff and members.
What we're seeking
- Clear understanding of loss mitigation and delinquency management
- Proficiency in Microsoft Office
- Good negotiation skills and creativity in reducing losses
- Ability to organize work and set priorities
- Ability to manage relationships at all levels throughout the organization and with credit union membership
What makes you stand out
- Collections experience in a financial institution collecting on Auto, Visa, LOC, HELOC and Mortgages
- Experience with FNMA and FreddieMac servicing requirements
Who we are
UNFCU is a global not-for-profit financial institution that serves the UN community. We are committed to providing peace of mind to our members and colleagues and strive to achieve service excellence in all that we do. The best part of UNFCU is the people. Those that choose to work with us often find personal fulfillment, professional growth and a purposeful culture.
UNFCU is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees. UNFCU prohibits discrimination and harassment of any type. All applicants will be considered for employment without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by country, federal, state or local laws.
Salary : $59,000 - $62,000
