Our client has an immediate opening for a Late Stage Collector in southern NJ. This is a 3-6 contract position with possibility of conversion after that period of time based on performance.
Primary responsibility is to protect company’s interest in the event a customer defaults on their obligations. The successful candidate will pursue appropriate remediation solutions, such as payment plans and restructures, in the attempt to minimize potential losses and determine applicable next steps such as referring to legal to ensure all measures are taken to secure the payment of all obligations by the customer.
Responsibilities:
- Proactively manage all contracts referred to the Workout Team through customer and dealer interactions in the effort of securing all obligations due.
- Minimize Risk by developing, approving or obtaining proper approval for all settlements, payment plans or restructures being offered to the customer to cure past due obligations.
- Actively engage external Dealer Partners to create solutions on mitigating exposure Risk for both parties in a customer default scenario.
- Ensure the proper cash application for all monies received on contracts assigned to their portfolio.
- Track and monitor all equipment returns to ensure proper recovery amounts and applicable documentation is prepared and sent to the appropriate parties.
- Timely preparation and distribution of all required documentation (S of A, R2, Releases, Proof of Claims, etc). Ensure all paperwork is properly filed within applicable statutes.
- Develop and/or modify operating instructions as it relates to the process of sending accounts to legal.
- Partner with internal parties (collections, re-marketing, etc) to improve process efficiency and ensure all relevant information is available and reaches the applicable parties.
Qualifications:
- Requires a bachelor’s degree in a related area or equivalent work experience.
- 3-5 Years of Workout or Advanced Collections experience
- Accounting aptitude, problem solving skills, and Customer oriented.
- Microsoft Excel and Word proficiency.
- Excellent organizational skills; ability to breakdown complex issues into manageable activities
- Ability to effectively and efficiently multi-task.
- Excellent communication skills
- Strong command of Infolease application is preferred
Pay rate $20/hr.
Job Type: Temporary
Salary: $20.00 /hour
Required experience:
- Late stage collections / advanced stage collections / workout collections: 3 years
Required education:
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