Hybrid Collections & Recovery Specialist

Breakout Finance; Tysons (VA); Hybrid; USD 42,000 - 65,000; Full time

Benefits offered by this job

Medical, vision, and dental insurance

401(k) with employer match

Unlimited PTO

Job summary

Breakout Finance seeks a Collections Specialist to outreach on delinquent accounts, process payoff requests, post payments, and manage legal collections coordination. This role supports attorneys and cross-functional teams to enforce collections while maintaining accurate records.

The ideal candidate has strong organizational and communication skills, familiarity with bankruptcy processes, and 1+ year of collections experience.

Qualifications

• Strong organizational, communication, and follow-up skills.
• Familiarity with legal collections, bankruptcy processes, and UCC filings preferred.
• Detail-oriented with the ability to manage multiple priorities.
• 1+ years of collections experience is a plus; experience within the financial services industry is strongly preferred.
• Ability to collaborate effectively with Credit, Finance, Sales, Legal, and other cross-functional teams, while providing timely updates and recommendations to the Collections Manager and Senior Management on significant collection and enforcement matters.
• High school diploma, GED, or equivalent; some college coursework; or an associate’s degree.
• Proficiency in Microsoft Office Suite (Word, Excel), Google Workspace, and Slack.
• Goal-oriented and committed to providing exceptional service and support to clients.
• Adaptable and resilient, with the ability to thrive in a dynamic, fast-paced, and evolving work environment.

Responsibilities

• Initiate borrower outreach and conduct follow-up communications regarding returned or rejected payments for delinquent accounts.
• Handle payoff requests and provide accurate payoff information to borrowers.
• Post daily payments and wire transactions within established timelines.
• Review and apply late fees, UCC fees, and stacking fees as appropriate.
• Prepare and send demand letters and other collection-related correspondence.
• Monitor collection activity and bankruptcy filings.
• Track active bankruptcy filings, retrieve and distribute court documents, and maintain supporting records.
• Coordinate the placement of accounts with outside counsel for legal recovery and collection efforts.
• Maintain ongoing communication with attorneys regarding active collection and litigation matters.
• Create, update, and maintain collection tracking reports, including judgments, settlement agreements, and lien position charts.
• Support collection report reviews and ensure account statuses are accurately maintained.

Skills

Organizational skills

Communication

Follow-up

Cross-functional collaboration

Attention to detail

Education

High School Diploma

Some college coursework

Associate’s degree

Tools

Microsoft Office

Google Workspace

Slack

Job description

Breakout Finance seeks a Collections Specialist to outreach on delinquent accounts, process payoff requests, post payments, and manage legal collections coordination. This role supports attorneys and cross-functional teams to enforce collections while maintaining accurate records.

The ideal candidate has strong organizational and communication skills, familiarity with bankruptcy processes, and 1+ year of collections experience.