Collections and Loan Servicing Manager

Orange County's Credit Union

$95K — $118K *
Finance & Insurance
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • 3-5 years of collections and recovery experience in a financial institution.
  • 3 years of coaching and developing associates experience.
  • Knowledge of Fair Debt Collections Practices Act and related regulations.
  • Strong communication and presentation skills.
  • Ability to manage multiple projects and prioritize effectively.

Responsibilities

  • Oversee team operations to ensure compliance and workflow efficiency.
  • Audit collection queues to monitor delinquencies and recoveries.
  • Determine actions for cases with potential large fund losses.
  • Conduct queue management for even distribution of accounts.
  • Manage relationships with first mortgage servicers.
  • Update senior management on loan portfolio trends.
  • Develop annual strategic plans with objectives and initiatives.
  • Evaluate associate performance and recommend promotions.

Benefits

  • People-First Culture emphasizing empathy and authenticity.
  • Comprehensive benefits including HMO/PPO, dental, and life insurance from day one.
  • 401(k) plan with 6% employer match.
  • Eligibility for annual bonuses and merit increases.
  • Educational grants available up to $1,000.
  • 18 vacation days per year, increasing to 21 after 5 years.
  • 7 sick days per year plus paid holidays.
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.**

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