Special Credits Collateral Control Officer I, II, III

Global Credit Union

$63K — $99K *
Finance & Insurance
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • High school diploma or equivalent required.
  • Strong written and verbal communication skills essential.
  • Knowledge of repossession, foreclosure, and insurance claim processing preferred.
  • One year experience as Special Credits Collateral Control Officer I required for advancement to II.
  • Twelve months tenure in Special Credits Collateral Control Officer II required for advancement to III.
  • Ability to work independently and accurately sign departmental documents essential.

Responsibilities

  • Comply with laws and credit union procedures regarding collateral adverse actions.
  • Maintain records for repossession and remarketing of collateral.
  • Protect collateral when impounded by agencies.
  • Manage contact with members and insurance for total loss claims.
  • Review real property loan files for past due loans and make recommendations.
  • Follow department procedures for cross-collateralization.
  • Perform other assigned duties as needed.

Benefits

  • Short-term and long-term incentives offered.
  • Comprehensive medical, dental, and vision insurance plans available.
  • 401(k) plan with a 5% employer match.
  • Employee Assistance Program (EAP) included.
  • Life and disability coverage provided.
  • Voluntary cash benefits for critical illnesses and hospitalizations.
  • Tuition reimbursement to support educational advancement.
  • Generous Paid Time Off (PTO), sick leave, and holidays available.
Full Job Description
Overview

Reports To: Senior SC Collateral Control Officer

Primary Functions: Control adverse actions associated with credit union collateral

Duties and Responsibilities:

  1. Comply with federal, state and local laws and credit union procedures and practices regarding adverse actions involving credit union collateral.
  2. Responsible for maintaining records and adherence with department procedures and practices for assignment of repossessions and remarketing of repossessed collateral.
  3. Responsible for maintaining records and adherence with department procedures and practices for protection of credit union collateral when impounded by private and public agencies.
  4. Responsible for maintaining records and adherence with department procedures and practices for member and insurance company contact during total loss hazard claims involving credit union collateral.
  5. Responsible for maintaining and adherence with department procedures and practices of credit union Cross Collateralization procedures and practices.
  6. Responsible for maintaining and adherence with real property loan file review as a result of past due loans, notice of default from senior/junior lien interests and taxing authorities and recommendation of actions involving real property collateral.
  7. Perform other duties as assigned.


Qualifications

Education: High school diploma or equivalent.

Creditable Experience in Lieu of Education: Not applicable

Experience/Skills: Requires good written and verbal communication skills. Knowledge of laws and regulations involving repossession, foreclosure and insurance claim processing preferred.

Tenure: Special Credit Collateral Control Officer II (Category 11) requires one year as a Special Credits Collateral Control Officer I (Category 12) and in the opinion of management performance that meets or exceeds expectations for proficiency and efficiency in work related to the SC Collateral Control Department. The incumbent must have also demonstrated the ability and accuracy to work independently to sign on department related documents. Special Credits Collateral Control Officer III (Category 10) requires 12 months tenure in the Special Credits Collateral Control Officer II (Category 11) position with performance that meets or exceeds expectations for proficiency and efficiency in department related responsibilities and problem solving capacity of adverse situations involving members and their account relationships. At management's discretion, directly related work experience and/or accelerated training completion may be substituted for tenure.

Compensation

Starting base salary will be determined based on candidate experience, qualifications, education, and applicable local or state wage requirements, and will fall within the range provided below. In accordance with our Salary Administration policy, new hire base salaries generally fall between the minimum and midpoint of the listed range.

Salary Pay Range: 10

$63,233 - $99,908 annually

Salary Pay Range: 11

$57,484 - $90,230 annually

Salary Pay Range: 12

$53,226 - $81,405 annually

Benefits

  • Short-term and long-term incentives
  • Comprehensive medical, dental and vision insurance plan that has HSA and FSA options
  • 401(k) plan with a 5% match
  • Employee Assistance Program (EAP)
  • Life and disability coverage
  • Voluntary cash benefits for accident, hospitalization and critical illness
  • Tuition Reimbursement
  • Generous leave programs to include Paid Time Off accrual, Paid Sick Leave, Paid Holidays
  • Click here to view Global's comprehensive Benefits Programs

Similar Jobs

More Jobs at Global Credit Union

More Finance & Insurance Jobs

Find similar Special Credits Collateral Control Officer I, II, III jobs: