Loans Collections & Recovery Specialist

Consumers National Bank; Minerva (OH); On-site; USD 38,000 - 52,000; Full time

Job summary

Consumers National Bank in Minerva, OH is seeking a Collections Representative to support loan collection objectives and facilitate the overall direction of collection activities across the bank.

Key duties include managing foreclosed properties, coordinating with branch teams, and advising on foreclosure, repossession, or legal action when warranted. Strong communication and analytical skills are essential.

Qualifications

• Associate degree or equivalent work experience required.
• 2 years collections experience in banking preferred.
• Strong communication and negotiation skills.

Responsibilities

• Assist in management of properties acquired through foreclosure and other collection activities.
• Assist Workout Officer in collection activity of all branches of the organization.
• Communicate with each Branch Manager, Assistant Manager, and/or any other employee involved in the collection process.
• Recommend foreclosure, repossession, charge off and legal action when appropriate.
• Work with Loan Servicing to resolve any discrepancies on loan balances, postings, etc.
• Recommend to the Workout Officer all loans that may deserve special attention or to be added to the Watch List.
• Determine which loans need special collection efforts and decide who shall make those efforts.
• Personally handle the collection action on those loans assigned
• Communicate with supervisor on potential loan losses.
• Review the files of all charged off loans and recommend internal recovery efforts if appropriate.
• Prepare and forward charged off loan files to the appropriate legal counsel.
• Prepare and maintain the Repossession List.
• Assist in the preparation of the monthly delinquency, charge off and troubled loan reports.
• Assist Workout Officer in communication with legal counsel on collection activity.

Skills

Communication

Negotiation

Time management

Attention to detail

Customer service

Teamwork

Education

Associate degree or equivalent work experience

Tools

Microsoft Office

Job description

Consumers National Bank in Minerva, OH is seeking a Collections Representative to support loan collection objectives and facilitate the overall direction of collection activities across the bank.

Key duties include managing foreclosed properties, coordinating with branch teams, and advising on foreclosure, repossession, or legal action when warranted. Strong communication and analytical skills are essential.