Collection Manager

Five Star Credit Union

$75K — $94K *
Finance & Insurance
5 - 7 years of experience
Job Overview by Ladders

Qualifications

  • 5-7 years of progressive collections experience required
  • Supervisory experience preferred
  • In-depth knowledge of collections and servicing procedures
  • Familiarity with bankruptcy procedures and legal requirements
  • Understanding of Credit Union default enforcement clauses

Responsibilities

  • Organize, plan, and direct all operations of the Loan Collection Department
  • Oversee collections functions for late, potentially delinquent, and charged off accounts
  • Assist in resolving difficult and complex account situations
  • Evaluate and modify collections policies and procedures periodically
  • Ensure compliance with established policies, procedures, and legal requirements
  • Coordinate activities across subordinate areas to support company objectives
  • Train, direct, and appraise team personnel

Benefits

  • Professional development opportunities
  • Supportive team environment
  • Access to industry-leading tools and technology
  • Comprehensive benefits package
Full Job Description
The Collection Manager is responsible for organizing, planning, directing, and controlling all operations of the Loan Collection Department. Oversees all collections functions including the control of credit accounts that are late, potentially delinquent, delinquent, or charged off. Assists in the resolution of difficult and complex account situations. Performs periodic evaluation of collections policies and procedures and modifies as needed. Ensures established policies, procedures, and legal requirements are followed. Coordinates activities, ensuring all subordinate areas of responsibility support Company objectives. Trains, directs, and appraises personnel. Ensures services are delivered professionally and efficiently.

The successful candidate will have a thorough knowledge of collections, servicing, bankruptcy procedures, and legal requirements, and an understanding of Credit Union default enforcement clauses. We are looking for someone with 5-7 years of progressive collections experience and supervisory experience is preferred. Salary starts at $75,472-$94,340 and may increase with qualified experience.

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