Loss Mitigation Specialist - Total Loss

American Credit Acceptance, LLC; Spartanburg (SC); On-site; USD 38,000 - 52,000; Full time

Job summary

American Credit Acceptance, LLC is seeking a Loss Mitigation Specialist in Spartanburg, SC. You will help customers, impound lots, attorneys, and insurers by negotiating and scheduling payments to minimize losses on delinquent loans.

You will analyze situtations, secure payments, quote reinstatements and settlements, and may work with repossession vendors or attorneys as needed. Strong communication and detail orientation are essential.

Qualifications

• 2+ years of relevant experience in collections, call center, or customer service.
• Excellent problem solver with ability to prioritize.
• Adept at navigating various computer software/programs.
• Strong attention to detail.
• Excellent written and verbal communication skills.
• Proficiency in Microsoft Word and Excel.
• Experience with an auto-dialer system is a plus.

Responsibilities

• Analyze the customer’s situation and collateral risk to present and explain alternative solutions that maximize customer satisfaction and company return.
• Identify, evaluate, and resolve reasons for nonpayment, including securing customer’s payment.
• Quote reinstatement amounts, payoffs, and set up repayment plans within the system.
• Review and negotiate settlement requests.
• May assign accounts for repossession and work directly with repossession vendors.
• Send and/or file documents from customers to appropriate courts as necessary.
• Reinstatement of Loans, processing releases and placing auction sale holds.
• De-escalate calls and resolve problem accounts.
• May work directly with attorneys and file claims on individual bankruptcy cases.
• Work with insurance companies and repair shops to ensure total loss claims are paid and damaged vehicles are repaired.
• Other duties as assigned

Skills

Problem solving

Communication skills

Attention to detail

Tech-savvy

Tools

Microsoft Word

Excel

Auto-dialer systems

Job description

Description

• Analyze the customer’s situation and collateral risk to present & explain alternative solutions that maximize customer satisfaction and company return
• Identify, evaluate, and resolve reasons for nonpayment, including securing customer’s payment
• Quoting reinstatement amounts, payoffs, and setting up repayment plans within the system
• Review and negotiate settlement requests
• May assign accounts for repossession and work directly with repossession vendors
• Send and/or file documents from customers to appropriate courts as necessary
• Reinstatement of Loans, processing releases and placing auction sale holds
• De-escalate calls and resolve problem accounts
• May work directly with attorneys and file claims on individual bankruptcy cases
• Work with insurance companies and repair shops to ensure total loss claims are paid and damaged vehicles are repaired
• Other duties as assigned

Summary/Objective

As a Loss Mitigation Specialist, you will provide assistance to customers, impound lots, attorneys, and insurance companies. Loss Mitigation Specialists will maintain and resolve delinquent accounts by negotiating & scheduling payments. The Loss Mitigation Specialist’s main focus is to minimize potential losses on delinquent and repossessed loans by communicating with customers through inbound/outbound calls. All Loss Mitigation Specialists will be a part of an essential and integral team of the Loss Mitigation department. The Loss Mitigation teams include: Reinstatements Settlements Impounds Bankruptcy Total Loss Repossession Responsibilities:

• Analyze the customer’s situation and collateral risk to present & explain alternative solutions that maximize customer satisfaction and company return
• Identify, evaluate, and resolve reasons for nonpayment, including securing customer’s payment
• Quoting reinstatement amounts, payoffs, and setting up repayment plans within the system
• Review and negotiate settlement requests
• May assign accounts for repossession and work directly with repossession vendors
• Send and/or file documents from customers to appropriate courts as necessary
• Reinstatement of Loans, processing releases and placing auction sale holds
• De-escalate calls and resolve problem accounts
• May work directly with attorneys and file claims on individual bankruptcy cases
• Work with insurance companies and repair shops to ensure total loss claims are paid and damaged vehicles are repaired
• Other duties as assigned

Qualifications

• 2+ years of relevant experience; collections, call center or customer service (preferred)
• Excellent problem solver, with ability to prioritize
• Adept at navigating various computer software/programs
• Strong attention to detail
• Excellent written and verbal communication skills
• Proficiency in Microsoft Word and Excel
• Experience with an auto-dialer system is a plus

Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this job. Duties, responsibilities and activities may change at any time with or without notice.

EEO Statement

ACA provides equal employment opportunities (EEO) to all applicants for employment without regard to race, color, religion, gender, sexual orientation, gender identity or expression, national origin, age, disability, genetic information, marital status, amnesty, or status as a covered veteran in accordance with applicable federal, state and local laws. ACA complies with applicable state and local laws governing non-discrimination in employment in every location in which the company has facilities.

California Privacy Notice

As an employer of California residents, we are dedicated to protecting your privacy rights. Any personal information you provide during the application process will be used solely for permitted internal purposes and will be handled in accordance with applicable privacy laws. By applying to this position, you consent to the collection, use, and disclosure of your personal information as described in our Employee Privacy Notice.