Collections Manager

Us Bank; Marshall (MN); On-site; USD 62,000 - 73,000; Full time

Benefits offered by this job

Healthcare

401(k)

Paid vacation

Parental leave

Job summary

U.S. Bank is seeking a dynamic leader to manage a team of collectors across multiple delinquency stages and portfolios. The role supports a hybrid and remote environment with on-site presence three or more days weekly to oversee defaulted contracts and maintain risk controls.

The position emphasizes training and coaching, strong communication, and collaboration across teams to deliver timely recoveries while adhering to policies and regulatory requirements.

Qualifications

• Bachelor’s degree or equivalent work experience.
• Typically three or more years of relevant experience.
• Strong verbal and written communication skills.

Responsibilities

• Lead and manage a team of EF Servicing Team members.
• Oversee collection activities to meet delinquency targets.
• Train, coach and mentor staff for performance improvement.
• Respond to inquiries and resolve customer issues with strong service.
• Collaborate across teams and support process improvements.

Skills

Leadership

Communication

Time management

Coaching

Problem solving

Education

Bachelor’s degree or equivalent work experience

Job description

At U.S. Bank, we’re on a journey to do our best. Helping the customers and businesses we serve to make better and smarter financial decisions and enabling the communities we support to grow and succeed. We believe it takes all of us to bring our shared ambition to life, and each person is unique in their potential. A career with U.S. Bank gives you a wide, ever-growing range of opportunities to discover what makes you thrive at every stage of your career. Try new things, learn new skills and discover what you excel at—all from Day One.

Job Description

We are seeking a dynamic leader to manage a team of collectors responsible for overseeing defaulted contracts across various stages of delinquency and diverse industry portfolios. Manage a high-performing team operating in a hybrid and remote environment, fostering collaboration, accountability, and engagement across home-based and on-site team members, who oversee defaulted contracts in varying stages of delinquency and different types of industry and portfolios.

This role involves directing collection activities within assigned areas, ensuring timely review and recovery of past-due accounts to meet delinquency targets while minimizing loss ratios and risk exposure. The position requires strict adherence to internal policies, procedures, and regulatory requirements.

Location expectations

This role requires working from a U.S. Bank location three (3) or more days per week.

Basic Qualifications

• Bachelor’s degree, or equivalent work experience
• Typically three or more years of relevant experience

Preferred Skills/Experience

• Basic knowledge of loan collection techniques, policies, procedures, and principles of credit lending
• Working understanding of collection laws and regulations
• Basic knowledge of consumer, residential, commercial, and/or dealer-originated installment lending
• Familiarity with online collection systems
• Basic knowledge of general organizational operations and procedures
• Strong planning and organizational skills
• Good managerial skills
• Ability to resolve moderate problems with minimal guidance
• Excellent verbal and written communication skills

Key Responsibilities

• Leading a team of EF Servicing Team members.
• Showing versatility and excellent time management.
• Responsible for training, coaching and mentoring team members.
• Provides high quality customer service by responding to telephone inquiries, requests and problems, as needed.
• Researches, analyzes, and provides solutions that meet the customer’s needs.
• Testing as needed in the UAT environment with EF applications and customer online portal
• Lead through process improvements and transformation
• Engage with team members and handle customer escalations.
• Work additional projects as assigned.
• Strong communication skills.
• Ability to collaborate within team as well as with other areas of the organization.
• Strong ability to elevate concerns timely and effectively.
• Desire to develop a strong team to meet organization objectives.
• Proactively identify new and better ways of working.
• Positive outlook and good interpersonal skills.

If there’s anything we can do to accommodate a disability during any portion of the application or hiring process, please refer to our disability accommodations for applicants.

Benefits

• Healthcare (medical, dental, vision)
• Basic term and optional term life insurance
• Short-term and long-term disability
• Pregnancy disability and parental leave
• 401(k) and employer-funded retirement plan
• Paid vacation (from two to five weeks depending on salary grade and tenure)
• Up to 11 paid holiday opportunities
• Adoption assistance
• Sick and Safe Leave accruals of one hour for every 30 worked, up to 80 hours per calendar year unless otherwise provided by law

Review our full benefits available by employment status here.

U.S. Bank is an equal opportunity employer. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or veteran status, and other factors protected under applicable law.

E-Verify

U.S. Bank participates in the U.S. Department of Homeland Security E-Verify program in all facilities located in the United States and certain U.S. territories. The E-Verify program is an Internet-based employment eligibility verification system operated by the U.S. Citizenship and Immigration Services. Learn more about the E-Verify program.

The salary range reflects figures based on the primary location, which is listed first. The actual range for the role may differ based on the location of the role. In addition to salary, U.S. Bank offers a comprehensive benefits package, including incentive and recognition programs, equity stock purchase 401(k) contribution and pension (all benefits are subject to eligibility requirements). Pay Range: $62,050.00 - $73,000.00

U.S. Bank will consider qualified applicants with arrest or conviction records for employment. U.S. Bank conducts background checks consistent with applicable local laws, including the Los Angeles County Fair Chance Ordinance and the California Fair Chance Act as well as the San Francisco Fair Chance Ordinance. U.S. Bank is subject to, and conducts background checks consistent with the requirements of Section 19 of the Federal Deposit Insurance Act (FDIA). In addition, certain positions may also be subject to the requirements of FINRA, NMLS registration, Reg Z, Reg G, OFAC, the NFA, the FCPA, the Bank Secrecy Act, the SAFE Act, and/or federal guidelines applicable to an agreement, such as those related to ethics, safety, or operational procedures.

Applicants must be able to comply with U.S. Bank policies and procedures including the Code of Ethics and Business Conduct and related workplace conduct and safety policies.

Posting may be closed earlier due to high volume of applicants.