Loan Recovery Associate — Hybrid Work & Impact

Sallie Mae Bank; New Castle (DE); Hybrid; USD 45,000 - 60,000; Full time

Benefits offered by this job

Competitive base salaries

Bonus incentives

Generous PTO and federal holidays

401k with employer match

Comprehensive medical, dental, vision insurance

Flexible hybrid working arrangements

Tuition reimbursement

Job summary

Sallie Mae Bank is looking for an Associate, Recovery to support loan recovery activities and implement effective collection strategies in New Castle, Delaware. The successful candidate will analyze delinquent loan accounts, coordinate recovery efforts, and maintain accurate documentation of all recovery activities.

Required qualifications include a bachelor's degree in finance or a related field and competencies in financial analysis. The position offers competitive salaries, bonus incentives, and benefits including flexible hybrid working arrangements and comprehensive medical coverage.

Qualifications

• Basic knowledge of financial analysis, credit evaluation, and loan recovery techniques.
• Strong attention to detail and ability to review financial statements.
• Proficient in financial software, databases, and Microsoft Office.

Responsibilities

• Analyze delinquent loan accounts and identify recovery opportunities.
• Support the collection process for delinquent accounts.
• Maintain accurate documentation of loan recovery activities.
• Prepare regular reports on loan recovery activities.

Skills

Financial analysis

Credit evaluation

Loan recovery techniques

Excellent communication skills

Proficiency in Microsoft Office

Education

Bachelor's degree in finance, accounting, or business administration

Tools

Financial software

Job description

Sallie Mae Bank is looking for an Associate, Recovery to support loan recovery activities and implement effective collection strategies in New Castle, Delaware. The successful candidate will analyze delinquent loan accounts, coordinate recovery efforts, and maintain accurate documentation of all recovery activities.

Required qualifications include a bachelor's degree in finance or a related field and competencies in financial analysis. The position offers competitive salaries, bonus incentives, and benefits including flexible hybrid working arrangements and comprehensive medical coverage.