Financial Guidance Counselor - Grand Rapids, MI

Fifth Third Bank; Grand Rapids (MI); On-site; USD 38,000 - 55,000; Full time

Job summary

Fifth Third Bank in Grand Rapids, MI seeks a Financial Guidance Counselor to assist customers in pursuing work-out alternatives for delinquent accounts under federal and insurer guidelines. You will counsel customers, negotiate payment commitments, and reference loss mitigation options to protect investor value.

The role requires strong written and verbal communication, analytical and negotiation skills, and the ability to work independently in a fast-paced environment while meeting deadlines.

Qualifications

• High School Diploma or equivalent.
• Minimum one year collection experience.
• Knowledge of bank-owned, investor and insurer guidelines for consumer lending.
• Excellent written and verbal communication, comprehension, listening and negotiation skills.
• Ability to meet deadlines and work independently with medium supervision.
• Strong analytical and mathematical skills for financial counseling and data interpretation.

Responsibilities

• Pursue communication with defaulted customers to obtain payment commitments and resolve delinquency.
• Identify and negotiate loss mitigation options to maximize investor return.
• Respond to customer correspondence in compliance with guidelines.
• Record all customer interactions in the internal system accurately.
• Manage time across multiple systems to address delinquency causes.
• Refer non-delinquent customers for alternatives to aid ownership retention.
• Handle escalated situations with professional conflict management and quality assurance.

Skills

Communication skills

Negotiation

Analytical skills

Financial counseling

Education

High School Diploma or equivalent

Job description

Make banking a Fifth Third better® We connect great people to great opportunities. Are you ready to take the next step? Discover a career in banking at Fifth Third Bank.

Make banking a Fifth Third better® We connect great people to great opportunities. Are you ready to take the next step? Discover a career in banking at Fifth Third Bank.

General Function

Under moderate supervision the Financial Guidance Counselor provides assistance, counsels, and guides the customer in order to achieve work out alternatives based upon customer's circumstances while complying with all investor, company, federal and insurer guidelines. Responsible for risk by openly exchanging ideas and opinions, elevating concerns, and personally following policies and procedures as defined. Accountable for always doing the right thing for customers and colleagues, and ensures that actions and behaviors drive a positive customer experience. While operating within the Bank's risk appetite, achieves results by consistently identifying, assessing, managing, monitoring, and reporting risks of all types.

Essential Duties And Responsibilities

• Pursue communication with defaulted customers utilizing manual or automated dialing to obtain payment commitments designed to find a mutually beneficial resolution for delinquency
• Assist in identifying, negotiating. and pursuing the appropriate loss mitigation option to best maximize customer satisfaction and investor return by offering alternative financial solutions
• Provide proper and timely responses to customer correspondence in compliance with company, state and federal guidelines
• Record all customer communication efforts via the internal system of record ensuring that all accounts are called and noted accurately
• Display effective time management skills to enhance productivity while using multiple system platforms to identify, evaluate, and resolve reasons for delinquency
• Pursue resolution on referrals of non-delinquent customers who request alternatives to allow ownership retention
• Overcome objections and employ conflict management strategies in order to handle escalated situations, while staying in compliance with the Fifth Third Quality Assurance Procedure and providing outstanding customer service
• Multi-task and work independently in a fast-paced environment while reviewing metrics and evaluating performance

SUPERVISORY RESPONSIBILITIES: None.

Minimum Knowledge, Skills And Abilities Required

• High School Diploma or equivalent required.
• Minimum one-year collection experience, including knowledge of basic default timelines/procedures.
• Knowledge of bank-owned, investor and insurer guidelines for consumer lending.
• Excellent written and verbal communication, comprehension, listening and negotiation skills.
• Ability to meet deadlines and work independently with medium level of supervision.
• Strong analytical, problem solving and mathematical skills to be used in financial counseling, evaluation, and interpretation of complex information.

Financial Guidance Counselor - Grand Rapids, MI

At Fifth Third, we understand the importance of recognizing our employees for the role they play in improving the lives of our customers, communities and each other. Our Total Rewards include comprehensive benefits and differentiated compensation offerings to give each employee the opportunity to be their best every day.

The base salary for this position is reflective of the range of salary levels for all roles within this pay grade across the U.S. Individual salaries within this range will vary based on factors such as role, relevant skillset, relevant experience, education and geographic location.

Our extensive benefits programs are designed to support the individual needs of our employees and their families, encompassing physical, financial, emotional and social well-being. You can learn more about those programs on our 53.com Careers page at: https://www.53.com/content/fifth-third/en/careers/benefits.html or by consulting with your talent acquisition partner.

LOCATION -- Grand Rapids, Michigan 49546

Attention search firms and staffing agencies: do not submit unsolicited resumes for this posting. Fifth Third does not accept resumes from any agency that does not have an active agreement with Fifth Third. Any unsolicited resumes - no matter how they are submitted - will be considered the property of Fifth Third and Fifth Third will not be responsible for any associated fee.

Fifth Third Bank, National Association is proud to have an engaged and inclusive culture and to promote and ensure equal employment opportunity in all employment decisions regardless of race, color, gender, national origin, religion, age, disability, sexual orientation, gender identity, military status, veteran status or any other legally protected status.