Collections & Recovery Representative

ALLEGIANCE CREDIT UNION; Oklahoma City (OK); On-site; USD 38,000 - 48,000; Full time

Job summary

Allegiance Credit Union in Oklahoma City seeks a Full-Time Collections & Recovery Representative to manage delinquent loan accounts, solicit payment arrangements, and recover collateral. The role requires 3+ years of collections experience and will involve coordinating repossessions and providing cousin administrative support.

Attendance is essential and the shift runs Monday through Friday between 8:00 a.m. and 7:00 p.m.

Qualifications

• 3+ years of collections experience.
• Oklahoma residency by start date.

Responsibilities

• Collections & account management for late-stage delinquency, including soliciting payment arrangements and interviewing customers to determine reasons for delinquency.
• Repossession and collateral recovery coordination, including redemptions, auctions, and vehicle sales.
• Inform supervisor of trends in loan underwriting and delinquency; track spreadsheets and related title work.
• Provide general administrative and operational support, including correspondence, mail processing, and attaining departmental goals.

Skills

Collections experience

Delinquency management

Job description

***A completed application is required for consideration of employment.***

Full-Time Collections & Recovery Representative

Monday - Friday: 8-hour shift between 8:00 a.m. - 7:00 p.m.

3+ Years' Collections Experience Required**

Oklahoma residency required by start date**

Role

To preserve the Credit Union's assets by controlling delinquent loan accounts, collecting delinquent loan payments and/or recovering collateral. Attendance is an essential function of performing the duties of this job.

Major Duties and Responsibilities

• 50%

  Collections & Account Management for late stage delinquency, including but not limited to: soliciting payment arrangements on delinquent loans, interviewing customers to determine reason for delinquency, taking appropriate action to resolve the account (could include loan modifications or loan workouts), counseling members concerning their financial obligations and offering suggestions and alternatives, recommending further action as deemed necessary (i.e. repossession, legal action), skip tracing as necessary to locate customers and posting loan payments.

• 25%

  Repossession & Recovery: Reviewing accounts for repossession, coordinating repossessions and collateral recovery, redemptions, auctions, AAA inspections, vehicle sales, and tracking repossessions.

• 15%

  Informs supervisor of trends in loan underwriting contributing to delinquent/charged-off loans. Tracking spreadsheets, title related work, sending necessary letters, applying for warranty and gap refunds, and ensuring accounts remain accurate and statuses are current.

• 10%

  Departmental Support: Provides general administration and operational support including but not limited to preparing and distributing correspondence in a timely fashion, assisting with processing mail, daily departmental goals, and levies and bankruptcies as needed.

Must comply with all company policies and procedures, applicable laws and regulations, including but not limited to, the Bank Secrecy Act, the Patriot Act, and the Office of Foreign Assets Control. Performs other related duties as assigned