Collector I

Tinker Federal Credit Union; Oklahoma City (OK); On-site; USD 30,000 - 34,000; Full time

Job summary

Tinker Federal Credit Union's Collections department has an immediate opening for a Collector I. The role focuses on recovering delinquent accounts, communicating with members, and maintaining strong member relations.

Training and education opportunities support growth within the credit union. The position requires a high school diploma or equivalent and two years of related experience, with preference for financial institution or call center backgrounds.

Qualifications

• Understand and apply FCRA, laws, regulations, and collection procedures at the incumbent level.
• Knowledge of bankruptcy chapters 7, 11, 12, 13 and related processes.
• Proficiency with collection software and TFCU mainframe systems.

Responsibilities

• Collect outstanding account receivable dollars from existing member base.
• Resolve member billing issues and reduce delinquency.
• Communicate with members and internal departments per policy.
• Document cases for potential legal proceedings or testify in court.

Skills

Collections

Customer service

FCRA compliance

Oral and written communication

Education

High school diploma or equivalent

Tools

Collection software

TFCU mainframe

Job description

Tinker Federal Credit Union’s Collections department has immediate opening for a Collector I! We want you to work and grow at TFCU, so there will be many opportunities for professional development and growth through training and continued education. We value you at TFCU!

As a Collector I, you will be responsible for the following:

• Responsible for collections of outstanding account receivable dollars from the existing member base, resolving member billing issues and/or reducing delinquency
• Reducing the number of losses for TFCU while assisting members in the collections process
• Frequent communication with various areas of TFCU as well as directly with the members through all lines of communication
• Expected to use various skills to ensure each situation is handled properly and in compliance with internal and external policies
• Providing information to members to understand credit
• Managing their assigned collection queue(s) and could be required to aid and cover other cases and queues at various stages of the process not assigned to them when needed by the department
• Providing various levels of documentation for later legal proceeding usage or testifying in court

Salary Range:

This is a non-exempt position. The starting hourly rate is $22.20 per hour; however, actual placement within the range will be determined individually based on your experience relative to organizational needs and internal salary equity.

Schedule:

Work schedules range from 8:00 AM - 7:00 PM Monday-Friday and 8:00 AM - 12:00 PM Saturdays. Schedules are subject to change and candidates must be flexible/available between the department hours of 8:00 AM - 8:00 PM Monday-Friday and 8:00 AM - 12:00 PM Saturdays.

Education/Experience:

You must have a high school diploma or equivalent and two years of experience related to work of this position. Financial institution, call center, customer service/collections experience is preferred.

Applicable work experience and/or military experience may be substituted for education at the rate of two years of experience for one year of education. Applicable additional education levels may be eligible to satisfy experience requirements.

Certificates, Licenses, Registrations:

• Incumbent Bonding REQUIRED by TFCU’s chosen authority
• TFCU University certification

Keys to success:

In order to be successful as a Collector I, you must possess these qualifications:

• Ability to maintain and apply proficient knowledge regarding Fair Credit Reporting Act (FCRA), laws, regulations, and procedures of the collection process at the incumbent's level
• Ability to maintain and apply proficient knowledge of Chapters 7, 11, 12, and 13 of the U.S. Bankruptcy Code at the incumbent's level
• Maintains appropriate level of skill regarding the use of collection software and TFCU mainframe software
• Ability to reduce delinquency, while maintaining positive member relations
• Ability to identify terms of default and establish parameters for the resolution of default
• Ability to use basic, fundamentaloffice equipment
• Ability within level to maximize recoveries, while maintaining positive member relations
• Excellent time-management and organizational skills to manage daily collection queue and assigned work
• Effective oral and written communication skills required to interact with members and provide constructive follow-up on delinquent accounts