Collector

Neighborhood-Credit-Union; Dallas (TX); On-site; USD 45,000 - 65,000; Full time

Benefits offered by this job

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Job summary

Neighborhood Credit Union is seeking a Collector to drive timely recovery of delinquent loans, credit cards, and share accounts. You will locate and contact members, provide credit counseling, and pursue action through negotiated payment plans while maintaining compliance and delivering excellent member service.

You will record financial details, coordinate with repossession and legal resources as needed, and work closely with internal staff to restore account status.

Qualifications

• High School diploma or GED is required.
• 1–3 years of collections experience is required.
• Knowledge of collection procedures and lending regulations is required.
• Understanding of the U.S. Bankruptcy Code is preferred.

Responsibilities

• Locate and contact delinquent borrowers to encourage repayment.
• Record financial status and collection progress in records.
• Plan actions to recover outstanding payments.
• Negotiate payment deadlines and payment plans with members.
• Interact with repossession agents, attorneys, and vendors as needed.
• Maintain professional relationships with members and credit union staff.
• Ensure compliance with applicable laws and credit union policies.
• Maintain a clean, secure, and organized work area and meet targets.

Skills

Excellent communication

Public relations skills

Account analysis

Attention to detail

Written reports

Organizational skills

Independent work

Education

High School diploma or GED

Tools

Microsoft Word

Microsoft Excel

PC and office equipment

Job description

The Collector position is responsible for ensuring prompt recovery of all monies owed to Neighborhood Credit Union’s portfolio of loans, credit cards, and share accounts. Locates and contacts members with delinquent accounts and attempts to recover monies. Provides exceptional member service and problem resolution throughout all phases of the collection process. Maintains compliance with all Federal, State, and local laws and regulations.ESSENTIAL FUNCTIONS AND BASIC DUTIES1. Assumes responsibility for the effective and timely performance of assigned functions.Locates and contacts delinquent borrowers primarily by telephone to encourage prompt repayment of delinquent accounts and provides credit counseling to members in financial difficulty.Records information about financial status of member and status of collection efforts in the appropriate records of the credit union.Plans course of action to recover outstanding payments.Investigates and resolves discrepancies in payment and/or accounts.Negotiates payment deadline, payment plans and accepts payments using electronic cash management.Makes recommendations to take action to repossess, hire a door knock service, begin legal action, settle the account for less than balance, offer an extension or a workout.Works deficiency balance accounts for possible work-out plans prior to sending to outside agency.2. Assumes responsibility for establishing and maintaining professional business relations with Members, and other professional businesses.Responsible for Direct communication as it relates to repossession agents, tow/wrecking companies, attorneys, insurance companies, and other vendors.Addresses complaints and resolves problems.3. Assumes responsibility for establishing and maintaining effective coordination and working relations with credit union personnel and with management.Attends and participates in meetings as required.Maintains strong working relations and communications with Credit Union personnel.Complies and stays informed of all Federal, State, and local acts and/or laws.4. Assumes responsibility for related duties as required or assigned.Performs other functions that might be needed from time to time and assists others to complete tasks and work assignments.Ensures that the work area is clean, secure, and well maintained.Achieves goals and targets.Education/Certification:High School diploma or equivalent (GED)Required Knowledge:Knowledge of collection procedures, lending regulations and related laws and regulations.Understanding of Company policies.Basic understanding of the U.S. Bankruptcy Code.Experience Required:One to three years of previous collections experience.Skills/Abilities:Excellent communication and public relations skills.Ability to compose written reports, business correspondence and proceduresAbility to analyze accounts, define problems, collect data and draw valid conclusions.Attentive to detail.Ability to calculate figures and amounts such as interest, percentages and compute rates and ratiosAble to use PC, teller terminal, telephone, card machine, and all related business equipment.Solid skill level with Microsoft Office Suite, especially Microsoft Word and Excel,Self-starter and resourceful with the ability to work well both independently as well as in a team environment.Possess excellent organizational skills with the ability to work on multiple tasks simultaneously.Must maintain a high level of confidentiality.