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Core Competencies
Role fitCore Competencies
Use this summary to align your resume positioning with the role.
Demonstrates extensive experience in collections and recovery services, with a strong focus on developing and implementing effective strategies to improve outcomes. Proficient in managing compliance with regulatory matters and leading teams to foster a positive work environment.
Highest-signal resume keywords
Collections And Recovery Services ExperienceLeadership And Team ManagementCompliance And Regulatory KnowledgeData Analysis And Trend IdentificationStrategy Development And Implementation
ATS Keywords
Tailor your resumeApplicant Tracking System Keywords
Tip: use these terms in your resume and cover letter to boost ATS matches.
Hard Skills
Collections ManagementLoss Mitigation StrategiesForeclosure ProcessesBankruptcy ProceduresConsumer And Real Estate CollectionsPerformance Metrics AnalysisRisk Mitigation PoliciesData AnalyticsDecision-MakingCritical Thinking
Soft Skills
CoachingMentoringOrganizational SkillsJudgment SkillsCommunication Skills
Tools & Technologies
Collection Management SoftwareMicrosoft Office Suite
Industry Keywords
Consumer CollectionsMortgage CollectionsCredit UnionInvestor RequirementsSecondary Market Standards
About the role
Key responsibilities & impact- Lead, manage, and oversee daily operations and personnel of the Member Solutions, Loss Mitigation and Recovery Services Department
- Coach, mentor, and develop personnel while fostering a positive and productive work environment
- Develop and implement strategies to improve efficiency and effectiveness in collections and recovery processes
- Develop and implement loss mitigation strategies, including forbearance agreements and other solutions for members in financial distress
- Oversee collection of delinquent consumer and residential mortgage loan accounts and overdrawn deposit accounts
- Manage collection and recovery tools, software, vendor partnerships, and third-party data
- Evaluate and hire outside vendors to repair and market foreclosure properties
- Manage legal recovery processes, bankruptcy proceedings, repossessions, foreclosures, and asset disposal
- Ensure compliance with servicing guidelines, investor requirements, secondary market standards, and applicable laws
- Develop and maintain policies and procedures to mitigate risk and protect credit union assets
- Collaborate with internal and external legal counsel on complex recovery and collection issues
- Evaluate accounts and identify the optimum course of action
- Monitor and analyze performance metrics and prepare reports for the credit strategy committee and executive management
- Use data and analytics to identify trends, develop forecasts, and improve collection and recovery efforts
- Maintain a member-focused approach and help members navigate financial challenges
- Assume additional responsibilities supporting the growth and advancement of the Credit Union
Requirements
What you’ll need- Bachelor’s degree in a related field or equivalent work experience
- 8+ years of collections and recovery services experience
- 5+ years in a leadership or management role
- Knowledge of compliance and regulatory matters pertaining to consumer collections, mortgage collections, and foreclosure processes
- Proven ability to develop and implement effective strategies to improve collection and recovery outcomes
- Excellent leadership, coaching, mentoring, and team management skills
- Thorough knowledge of consumer and real estate collections, servicing, foreclosure, bankruptcy procedures, secondary market, and legal requirements
- Understanding of bank and/or credit union retail/lending policies and default enforcement clauses
- Strong organizational, analytical, critical-thinking, decision-making, and judgment skills
- Proficiency in Microsoft Office Suite (Word, Excel, PowerPoint) and collection management software
- Ability to analyze large datasets to identify trends, risks, and opportunities
- Ability to evaluate regulatory and legislative language and its effect on collection policy and practices
Benefits
Comp & perks- Equal opportunity employer committed to creating an inclusive environment for all employees