Senior Collections & Recovery Specialist

Logix-Federal-Credit-Union; California (MO); On-site; USD 42,000 - 63,000; Full time

Job summary

Logix Federal Credit Union is seeking a Recovery Specialist Sr. to recover charged-off consumer loan losses and negotiate repayment plans. The role involves locating members, negotiating settlements, and coordinating with external parties as needed.

The position requires 6–8 years in collections, knowledge of FDCPA, and experience with credit bureau reporting. A bachelor’s degree is preferred, and prior repossession experience is a plus.

Qualifications

• Bachelor's degree preferred.
• 6-8 years of collections experience.
• At least 1 year of repossession experience preferred.
• Knowledge of the FDCPA and legal aspects of collection.
• Experience with credit bureaus and Chex-Systems reporting.

Responsibilities

• Contacts members of charged-off loans to recover dollars and mitigate losses.
• Establishes repayment schedules and negotiates settlement arrangements.
• Utilizes credit reports and skip tracing tools to locate customers.
• Assesses charged-off losses for potential assignment to outside counsel, repossession, or collection agency.
• Coordinates reporting to credit bureaus and Chex-Systems.
• Prepares forms and correspondence for collections purposes.
• Assists with answering general collection questions from members and staff.

Skills

Negotiation

FDCPA knowledge

Project leadership

MS Office

Education

Bachelor's degree

Tools

Online collection systems software

Credit bureaus reporting

Job description

Logix Federal Credit Union is seeking a Recovery Specialist Sr. to recover charged-off consumer loan losses and negotiate repayment plans. The role involves locating members, negotiating settlements, and coordinating with external parties as needed.

The position requires 6–8 years in collections, knowledge of FDCPA, and experience with credit bureau reporting. A bachelor’s degree is preferred, and prior repossession experience is a plus.