Small Business Loan Collections Analyst

Northwest Bank; Warren (Warren County); On-site; USD 45,000 - 65,000; Full time

Job summary

Northwest Bank is seeking a Small Business Loan Collections Analyst to collect past-due SMB/SBA commercial loans, control delinquency, and protect Northwest assets. The role emphasizes resolving issues, negotiating payment agreements, and maintaining data integrity.

Required education includes a high school diploma or college degree in business/finance/accounting, with 3–5 years of related credit or collections experience.

Qualifications

• Ability to work with mortgages and commercial loan data
• Knowledge of loss mitigation and collections processes
• Experience with reporting and data integrity checks

Responsibilities

• Collect past due SMB/SBA loans and manage delinquency
• Analyze records of past due accounts
• Negotiate payment plans and monitor progress
• Prepare departmental reports and ensure data accuracy
• Maintain compliance with policies and regulations

Skills

Teamwork

Communication

Financial analysis

Problem solving

Analytical thinking

Education

High School diploma or equivalent

College degree in business/finance/accounting

Tools

AS400

Signature

VQueue

Job description

OH0713 NW Bancshares HQ, PA0736 Administration Center

Job Description

The Small Business Loan Collections Analyst is responsible to collect past due accounts on all SMB/SBA commercial loans, while also controlling delinquency, protecting Northwest assets, mitigating bank losses and developing customer relations in order to secure.

Essential Functions

• Process loan modifications if applicable to Loss Mitigation Credit Group
• Develop use of AS400, Signature, VQueue, and collections software system
• Identify and resolve lender/bank collection issues
• Ensure appropriate modifications, extensions, and deferrals, and timely collection efforts
• Prepare and analyze departmental reports
• Meet departmental service standards
• Work with SMB/SBA Teams on delinquency and plans
• Review documentation for data integrity
• Analyze records of past due accounts
• Obtain voluntary payment of debt, and judgments and property reports
• Advise on related laws, regulations, policies and procedures
• Collect and negotiate appropriate payment agreements
• Monitor payment progress effectively
• Maximize methods of skip tracing/collections
• Mitigate losses to Northwest
• Verify collateral
• Remain flexible in time and tasks
• Make appropriate credit judgment decisions
• Pacify non cooperative customers
• Recommend improvements to procedures, fee generating alternatives, and service/delivery enhancements
• Analyze/investigate to resolve questionable payments or charges
• Attempt to outperform delinquency expectations in SMB/SBA Thresholds
• Minimize departmental nonpayroll costs
• Manage personal workload/workflow

Additional Essential Functions

• Ensure compliance with Northwest's policies and procedures, and Federal/State regulations
• Navigate Microsoft Office Software, computer applications, and software specific to the department in order to maximize technology tools and gain efficiency
• Work as part of a team
• Work with on-site equipment

What You Bring to the Team

• Complete special projects as necessary

Safety and Health for those without supervisory duties

• Abide by the rules of the safety and loss prevention program
• Perform work tasks in a safe manner
• Report any and all injuries to supervisor
• Know what to do in case of an emergency

QUALIFICATIONS

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Education

High School Diploma or equivalent

College degree in business/finance/accounting

Work Experience

3 - 5 years credit experience / administrative experience/collections

General Employee Knowledge, Skills, and Abilities

• Ability to establish effective working relationships among team members and participate in solving problems and making decisions
• Ability to present and express ideas and information clearly and concisely in a manner appropriate to the audience, whether oral or written
• Ability to actively listen to what others are saying to achieve understanding, sharing information with others and facilitating the open exchange of ideas and information
• Ability to establish courses of action for self to accomplish specific goals, develop and use tracking systems for monitoring own work progress, and effectively use resources such as time and information
• Ability to make right decisions based on perceptive and analytical processes, practicing good judgment in gray areas

Additional Knowledge, Skills and Abilities

• Demonstrated skills in problem solving, communication, financial analysis
• Working knowledge of commercial loans

Northwest is an equal opportunity employer. We are committed to creating an inclusive environment for all employees.