Full Job Description
As the Collections and Loan Servicing Manager youll utilize the Leadership fundamentals of strategic thinking, executing for results, leading talent, and developing personal proficiency. A key function you can look forward to is managing the daily collections operations within the credit union policies and procedures to ensure a minimum loss of funds and maximum retention of member goodwill.
**ESSENTIAL DUTIES:**
- Oversees all Team operations to maintain accuracy, compliance with regulatory requirements and an efficient workflow.
- Audits collection queues to track and monitor delinquencies, charge offs and recoveries
- Determines appropriate action to be taken in cases, which are of a potential large fund loss, sensitive or high risk to the credit union.
- Conducts queue management to ensure even distribution of accounts - reviews efforts of the Team and provides feedback
- Audits, on a periodic basis, departmental files to ensure proper maintenance and accuracy of transactions, determines course of action.
- Manages the relationship with our first mortgage servicer
- Responsible for updating senior management regarding changes and trends within the loan portfolio as it relates to delinquency.
- Responsible for the development of an annual strategic plan with specific priorities, objectives, initiatives, and action plans.
- Selects, develops, and coaches Associates to create an exceptional Member service experience, and collecting past due funds and negative shares. Looks for opportunities to reward and gives recognition frequently to deserving Associates.
- Evaluates work performance of Associates through regularly scheduled reviews and one on ones, recommends promotions, salary increases and corrective action when appropriate.
- Makes recommendations of change within department. I.e., programs/policies or procedures that will improve efficiencies or member service.
- Supports the Credit Unions Enterprise Risk Management and risks inherent in Loan Servicing activities.
- Manages the credit report dispute process through E-Oscar to ensure responses are submitted within the allotted time frame.
- Remains current on laws and regulations that affect operations. Recommends and implements changes to maintain compliance.
**QUALIFICATIONS:**
**Experience/ Training/ Education:**
- Three to Five years relevant collection and recovery experience in a financial institution. Experience in customer relations, problem resolution and error correction.
- Three years of experience in coaching and developing associates.
**Knowledge/ Skills/ Abilities:**
- Knowledge of the Fair Debt Collections Practices Act, Reg B and Reg Z, bankruptcy procedures, delinquency activities and financial counseling.
- Excellent communication/influence skills both verbally and in writing and excellent telephone manner, with strong presentation skills to be able to produce reports, conduct presentations and group facilitations.
- Able to manage and execute multiple complex projects within required timelines and expectations.
- Requires good memory, knowledge retention skills and ability to multi-task, prioritize projects and duties effectively. Requires excellent follow-through skills.
- Ability to accurately perform mathematical calculations.
- Ability to interface with others in a positive and professional manner.
**What We Offer**
- A People-First Culture: We lead with empathy and authenticity.
- Comprehensive Benefits:
- Anthem HMO/PPO, Delta Dental, and Unum options - from day one!
- 401(k) with up to 6% employer match
- Annual discretionary bonus
- Annual merit increase
- Educational grants up to $1,000
- 18 vacation days/year (increases to 21 after 5 years)
- 7 sick days/year + paid holidays
- **Final offers based on qualifications, experience, and internal equity. The range for the Collections and Loan Servicing Manager role is $95k - $118k annually.**