Collections Analyst

Citadel Federal Credit Union; Exton (Chester County); On-site; USD 35,000 - 55,000; Full time

Job summary

An established industry player is seeking a Collections Analyst to join their team. This role is crucial in mitigating losses by contacting members with delinquent loans and negative accounts. The ideal candidate will possess strong communication and negotiation skills, enabling them to assist members in resolving their financial issues effectively. With responsibilities ranging from analyzing financial data to maintaining accurate records, this position offers a dynamic work environment. Candidates should be available for evening and Saturday shifts, contributing to a supportive team that prioritizes member retention and satisfaction.

Qualifications

• 6+ months of collection or banking experience required.
• Must demonstrate effective oral and written communication skills.

Responsibilities

• Contact delinquent members to assist them in bringing accounts current.
• Gather and analyze financial information to propose solutions.

Skills

Effective communication skills

Negotiation skills

Conflict resolution

Bilingual (Spanish/English)

Education

High School Education

Tools

Collection software

Episys Products

Job description

Job Overview

The Collections Analyst is responsible for mitigating loss to the Credit Union by contacting members with delinquent loans and negative checking accounts and negotiating appropriate arrangements to cure the delinquency and return the member’s account to good standing.

The majority of the communication will be done over the telephone, Effective communication and negotiation skills are a necessity. It is important to be accurate and thorough.

Duties and Responsibilities

Contact delinquent members to prompt and assist them in making arrangements to bring all accounts with Citadel current
Gather and analyze financial information (including, but not limited to, income, expenses, Credit Bureau Reports) from members to propose and implement solutions for delinquent loans
Analyze member data to assist management in making decisions regarding recovered assets (vehicles and real estate)
Make decisions regarding enforcement of Citadel’s offset policies for delinquent member loans
Make decisions, using collection techniques and financial analysis, that mitigate Citadel’s Risk of Loss while preserving member retention, when appropriate
Utilize communication and conflict resolution skills to resolve disputes and craft solutions with frustrated or angry members in a calm and professional manner
Document activities on delinquent accounts, ensuring accuracy and expediency
Maintain current member information across all utilized platforms (Collection software, Episys Products)
Counsel members in debt management
Handle member disputes, complaints and inquiries
Perform assigned administrative tasks
Perform such other duties as may be assigned commensurate with the position

The department operates M-F from 8-6, and Sat from 9-1. The eligible candidate must be available for a minimum of two evening shifts (10:00am - 6:00pm) per week, and 2 Saturday shifts per month (hours are subject to change).

Qualifications and Education Requirements

Work Experience

6 months or more of collection and/or banking experience.
Demonstrate a thorough understanding of the impact that the collection of delinquent accounts has on the strength and growth of the Credit Union
Demonstrate effective oral and written communication skills
Demonstrate effective negotiation skills
Maintain confidentiality, promote integrity, and support the corporate mission.
Represent Citadel as a professional
Bilingual "Spanish/English"

Education

High School Education

Skills
Preferred
Collection

Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities
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