Manager, Collections

bmo; Cedar Rapids (IA); Hybrid; USD 40,000 - 60,000; Full time

Job summary

Bank of Montreal is seeking a Collections Specialist to review delinquent and high-risk accounts and advise customers on payment strategies to meet their objectives.

You will support loss mitigation, deliver outstanding service, and collaborate with operations to ensure timely resolution while maintaining client trust and adherence to procedures.

Responsibilities

• Collaborates in the review and evaluation of delinquent, high risk, or written-off accounts for possible collections opportunities.
• Understands customer needs and provides collections-related sales and service.
• Advises customers on payment strategies and products that meet their objectives.
• Supports loss mitigation processes for resolution of non-performing and high-risk accounts.
• Delivers exceptional customer service that builds trust through expertise and responsive support.
• Handles incoming calls professionally and escalates complex requests to managers as required.

Job description

Application Deadline:

10/15/2026

Address:

3925 Fountains Blvd NE

Job Family Group:

Customer Shared Services

Please note this role is in Office, 4 days a week

Collaborates in the review and evaluation of delinquent, high risk, or written-off accounts for possible collections opportunities. Understands customer needs and provides collections-related sales and service to BMO customers or prospects. Advises customers on payment strategies and products that meet their objectives. Fulfills sales and service activities for the customer in accordance with approved procedures. Support areas may include, but are not limited to, coaching and training, quality audits, vendor management and credit collection disputes. Fosters a culture aligned to BMO purpose, values and strategy and role models BMO values and behaviours in all that they do. Ensures alignment between values and behaviour that fosters diversity and inclusion. Regularly connects work to BMO's purpose, sets inspirational goals, defines clear expected outcomes, and ensures clear accountability for follow through. Builds interdependent teams that collaborate across functional and operating groups to create the highest value for all stakeholders. Attracts, retains, and enables the career development of top talent. Improves team performance, recognizes and rewards performance, coaches employees, supports their development, and manages poor performance. Delivers exceptional customer service that builds trust through expertise, responsive service and support. Sends out client communications, transaction processes, and interfaces with operations partners to ensure customer needs are met. Develops rapport and instils confidence with clients in order to develop credibility and earn their trust as relationship manager. Develops and maintains long-term, profitable relationships and expands share of wallet. Contacts the customer to obtain the necessary information to manage their application (as required) ensuring the customer is aware at all times of the status/result of the present and future payments. Handles incoming calls in an informed, professional, and efficient manner. Addresses the most complex escalated customer requests and transactions. Probes to understand customer needs and provides advice related to payments and overall collections strategies in the best interests of the customer. Integrates marketing promotions and programs into customer conversations as appropriate. Executes established loss mitigation processes/procedures for the resolution of non-performing and high risk accounts. Sends out client communications, transaction processes, and interfaces with operations partners to ensure customer needs are met. Provides advice and guidance to assigned business/group on implementation of solutions. Supports the execution of strategic initiatives in collaboration with internal and external stakeholders. Develops action plans and solutions to maximize recovery and safeguard the Bank's interests. Establishes expertise with Consumer Collections personnel as a key support contact/resource/coach with proficiency and tools to assist departments in achieving goals. Utilizes strong negotiation skills and interpersonal skills, while adhering to all applicable guidelines, requirements and regulations. Reviews accounts and analyzes data and information to determine the probability of collection; provide insights and recommendations. Gathers and formats data into regular and ad-hoc reports, and dashboards. Completes report audits and spot checks as required. Develops and executes short term tactics/plans to drive specific behaviours, activities, and results. Manages all transactions related to customer calls or refers to appropriate internal business groups. Escalates complex or unresolved customer situations to managers as required. Completes required documentation to ensure customer's requests are accurately processed. Integrates information from multiple sources to enable more efficient processes, enhanced analysis and/or streamlined reporting. Leads/participates in the design, implementation and management of core business/group processes. Supports the development and promotion of a business/group program. Identifies business needs, designs/develops tools and training programs; may include delivery of training to audiences. Collaborates in efficient functioning of collections life cycle. Includes participating in the execution of established loss mitigation solutions for the successful resolution of non-performing and high risk accounts. Solutions range from various loan modification options to liquidation for borrowers with delinquent and high risk loans in order to offer default / foreclosure alternatives and minimize losses. Delivers exceptional customer service that builds trust through expertise, responsive service and support. Follows documented policies and procedures to execute transactions, activities and processes. Keeps abreast of needs of the Co