Member Solutions Specialist I/II

Virginia Credit Union; Midlothian (TX); On-site; USD 40,000 - 60,000; Full time

Job summary

Virginia Credit Union is seeking a Collections Specialist to manage a portfolio of delinquent accounts, determine appropriate actions, and negotiate settlements. The role involves contacting members, processing paperwork, and using skip tracing to locate individuals, all while ensuring compliance with regulations and internal policies.

The position requires strong negotiation abilities, computer proficiency, and the capacity to work in a fast-paced environment with minimal supervision.

Qualifications

• Knowledge of legal collection processes and negotiation fundamentals.
• Proficient with computers and Windows OS; strong keyboarding skills.
• Ability to communicate clearly with members and work in a team environment.

Responsibilities

• Serve as secondary contact for repossessions and documentation.
• Approve reinstatement, recall, or redemption of repossessed vehicles as applicable.
• Contact delinquent members to arrange payment plans and resolutions within regulatory guidelines.
• Utilize skip-tracing techniques to locate members and gather information for collections.
• Maintain documentation of contacts and actions taken for each account.
• Promote the credit union services through cross-selling when appropriate.

Skills

Negotiation skills

Proficient with computers

Keyboarding skills

Communication

Team player

Active listening

Problem solving

Education

High school diploma or equivalent

College coursework preferred

Tools

Windows OS

Job description

Job Description:Serves as secondary contact for repossessions. Ability to approve reinstatement, recall or redemption of repossessed vehicles.• Ability to revoke delinquent lines of credit or credit cards not revoked automatically.• Uses right of offset when appropriate.• Submits paperwork to satisfy judgment.• Recommend accounts for repossession, legal action, garnishment or assignment to attorney after assessing the risk exposure.• Recommend accounts for workouts when appropriate. Knowledgeable in determining if meet criteria.• Utilize various software applications such as Miser and Hostlink to update accounts.• Appear as a witness in court on behalf of the Credit Union.• Utilize sales process to effectively influence action on accounts based on information gathering.• Submits paperwork to release garnishments.• Contact delinquent members to determine intent to pay and bring resolution to unpaid accounts within the limits set by the Fair Debt Collection Practices Act, Bankruptcy Reform Act, and other federal regulations.• Interact with members by responding to text messages received through Eltropy.• Interact with members who have outstanding court dates to negotiate a resolution.• Manage a portfolio of accounts by sorting them based on due date or next contact date and setting follow up dates to ensure accounts are contacted within deadlines.• Strive to minimize delinquency and loan losses and achieve goals set for the Credit Union.• Systematically reviews delinquent accounts and follows up for maximum repayment.• Promote the credit union by cross-selling services focusing on member needs.• Inform, Educate, and Guide members, regardless of the individual circumstances.• Maintain good member relations while collecting on delinquent balances.• Demonstrate effective skip tracing techniques by utilizing credit bureau, origination systems, Internet, WebXtender, FDI and other skip tracing sites to locate information.• Provide assistance by offering solutions based on member’s individual needs with the goal of negotiating immediate payments and/or promises to pay with specified payment dates and amounts.• Identify sources of money to assist members with payment options based on member’s individual circumstance with the goal of negotiating immediate payments and/or promises to pay with specified payment dates and amounts.• Interact with members in accordance with state and credit union guidelines while working in a fast-paced environment.• Accurately and professionally document collection systems with details of current contacts and subsequent results for follow up.• Research contact information to locate members when necessary.• Explain options to resolve delinquency over the phone.• Remove/set flags on accounts to restrict access as appropriate.• Assist members experiencing financial difficulty by making referrals to BALANCE or other Consumer Credit Counseling Service.• Maintain current knowledge of Federal regulations and Credit Union policies and proceduresrelated to collections and consumer lending.• Perform various other duties such as transferring money to make payments on delinquent accounts and assisting member with automatic payments problems.• Answer internal and external calls from employees/members and provide excellent quality service as indicated in the Member Experience guidelines.• Gives feedback to the Supervisor about department and team goals.• Other duties may be required and assigned by the supervisorEXPECTATIONS:• Meet goals defined in individual performance evaluation.• Contribute towards individual, team, and department goals.• Comply with all published enterprise level policies and procedures including, but not limited to, Risk Management policies.• Complete all required, ongoing enterprise level training including, but not limited to BSA, OFAC, and Information Security.• Report all Risk Management Policy violations in accordance with policy.• Actively contribute ideas and suggestions to improve efficiency and service to members.• Maintain confidentiality of all member and credit union account information.• Attend training sessions as directed by Manager or Supervisor to keep skills current.JOB QUALIFICATIONS:Knowledge: Working knowledge of legal collection process and proven negotiation skills. Must be performing at a Significant Contributor level after completion of the OJT Collections Specialist I training program.Skills: Must be proficient with computers. Good keyboarding skills with the ability to maneuver in a Windows based environment. Must have the ability to effectively communicate with members verbally. Must be self-motivated. Works well in team settings. Ability to listen carefully, probe for additional details, and ask targeted questions to gather information. This person must be able to handle stressful or difficult situations in a calm manner and be able to handle multiple priorities in a timely manner without direct supervision.Minimum Education and Experience: High school diploma or equivalent required. College or business related courses preferred. Prior collection experience required.PREREQUISITES FOR JOB:Must be able to work any required overtime and/or Saturdays as needed.PHYSICAL REQUIREMENTS: Must be able to sit for long periods of time. This job requires infrequent lifting or carrying of objects up to 10 pounds.