Consumer Loan Resolution Specialist - Credit Resolution - Wheeling, WV

WesBanco, Inc.; Elizabethtown (KY); On-site; USD 40,000 - 60,000; Full time

Job summary

WesBanco, Inc. in Kentucky seeks a Collections professional to manage the day-to-day collections of a portfolio of credit lines and loans, ensuring compliance with state and federal regulations.

The role involves preparing files as delinquencies progress, recommending actions to secure collateral or collect past due amounts, and maintaining detailed records in the Intellect system. High school diploma required; 1 year related experience preferred.

Qualifications

• High School Diploma or GED required.
• One year of related experience or training preferred.
• Ability to work in a fast-paced environment.
• Proficient written and verbal communication with management, employees and customers.

Responsibilities

• Initiates outbound and receives inbound phone calls relating to the collection of delinquent accounts.
• Reduces delinquency and minimizes charge offs on assigned accounts.
• Determines reason for non-payment.
• Performs skip tracing to locate customers.
• Reviews bank systems to determine the scope of the customer relationship.
• Prepares documentation for modifications and extensions.
• Negotiates payment arrangements with borrowers.
• Maintains detailed tracking logs for all accounts.
• Processes GL and Payment Tickets when payments are received.
• Researches and resolves billing disputes on assigned accounts.
• Verifies insurance for collateralized loans as needed.
• Orders appraisals when appropriate.
• Analyzes loan/collateral files to determine action.

Skills

Outbound calls

Inbound calls

Skip Trace

Negotiation

Documentation

Account analysis

Regulatory knowledge

Education

High School Diploma or GED

Tools

FIS/IBS

Image Centre

Intellect system

Job description

SUMMARY:

Manages the day-to-day collections of a portfolio of credit lines and consumer and personal loans both secured and unsecured. Maintains a comprehensive knowledge of applicable state and federal regulations relating to collections and ensure that the Bank's policies and procedures are compliant with the same. Prepares files as an account progresses in delinquency and make recommendations to management as to the required action needed to secure possession of our collateral and/or payment of the past due amount.

ESSENTIAL DUTIES AND RESPONSIBILITIES:

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skills, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

• Initiates outbound and receives inbound phone calls relating to the collection of delinquent accounts.
• Reduces delinquency, prevents repossessions and/or foreclosure, and minimizes charge offs/charge downs on assigned accounts.
• Determines reason for non-payment.
• Completes Skip Trace on accounts to locate customers for which you have not established phone contact to verify phone number, address, place of employment for the maker and co-maker(s) on the account.
• Reviews all bank systems as needed (FIS/IBS, Image Centre, etc.) to determine the scope of the customer relationship as well as facilitate in the collection of the account.
• Prepares necessary documentation for modifications, extensions, and file evaluation.
• Negotiates payment arrangement with borrower(s).
• Maintains detailed tracking log on all accounts as you work through the collection process.
• Processes GL and Payment Tickets as applicable when payment is received.
• Researches and resolve billing and/or payment disputes on assigned accounts.
• Verifies "Proof of Insurance" for collateralized loans as needed.
• Orders appraisals when appropriate.
• Analyzes loan/collateral file to make recommendation for appropriate action.
• Reviews personal credit and asset reports to make recommendations as to appropriate strategy.
• Organizes and prepare files to be referred for repossession and/or foreclosure.
• Makes appropriate file notations for all correspondence and any other events to Intellect system.

OTHER REQUIREMENTS:

Banking is a highly regulated industry and you will be expected to acquire and maint ain a proficiency in the bank's p olicies and procedures, and adhere to all laws, rules and regulations that are applicable to your conduct and the work you will be performing. You will also be expected to complete all assigned compliance training in a timely manner.

Professional appearance and demeanor, interpersonal relations, work ethic and attitude.

Possess clear, concise, effective written and oral communication skills to effectively express thoughts, ideas and concepts to management, bank employees and bank customers in a collaborative and solutions-oriented manner.

Possess effective organizational skills and ability to handle detail-oriented work with promptness.

Ability to work in a fast-paced environment.

Ability to research problem situations and recommend appropriate action.

High school diploma or General Education Degree (GED).

One year of related experience or training preferred.