OVERVIEW

The Collections Analyst is responsible for mitigating loss to the Credit Union by contacting members with delinquent loans and negative checking accounts and negotiating appropriate arrangements to cure the delinquency and return the member’s account to good standing.
The majority of the communication will be done over the telephone, Effective communication and negotiation skills are a necessity. It is important to be accurate and thorough.

EXPERIENCE/REQUIREMENTS

• 6 months to 1 year similar or related collection experience or Bank experience
• Demonstrate a thorough understanding of the impact that the collection of delinquent accounts has on the strength and growth of the Credit Union
• Demonstrate effective oral and written communication skills
• Demonstrate effective negotiation skills
• Maintain confidentiality, promote integrity, and support the corporate mission.
• Represent Bank as a professional
  Job Type: Full-time
  Pay: From $25.00 per hour

Benefits:

• 401(k)
• Dental insurance
• Employee discount
• Health insurance
• On-the-job training
• Opportunities for advancement
• Paid sick time
• Paid time off
• Paid training
• Vision insurance

Work Location: In perso

• Contact delinquent members to prompt and assist them in making arrangements to bring all accounts with Bank current
• Develop knowledge of all aspects of Bank’s operations, and interact with retail employees, back office employees and managers, to discuss operational procedures and decisions
• Interact professionally and effectively with attorneys, debt settlement agencies, insurance companies, auto dealerships, repair shops, etc
• Gather and analyze financial information (including, but not limited to, income, expenses, Credit Bureau Reports) from members to propose and implement solutions for delinquent loans
• Analyze member data to assist management in making decisions regarding recovered assets (vehicles and real estate)
• Make decisions regarding enforcement of Bank’s offset policies for delinquent member loans
• Make decisions, using collection techniques and financial analysis, that mitigate Bank’s Risk of Loss while preserving member retention, when appropriate
• Utilize communication and conflict resolution skills to resolve disputes and craft solutions with frustrated or angry members in a calm and professional manner
• Document activities on delinquent accounts, ensuring accuracy and expediency
• Maintain current member information across all utilized platforms (Collection software, Episys Products)
• Counsel members in debt management
• Handle member disputes, complaints and inquiries
• Perform assigned administrative tasks
• Perform such other duties as may be assigned commensurate with the position
• The department operates M-F from 8-6, and Sat from 9-1. The eligible candidate must be available for a minimum of two late night shifts (6 pm) per week, and 2 Saturday shifts per month (hours are subject to change).
• Contact delinquent members to prompt and assist them in making arrangements to bring all accounts with Bank current
• Develop knowledge of all aspects of Bank’s operations, and interact with retail employees, back office employees and managers, to discuss operational procedures and decisions
• Interact professionally and effectively with attorneys, debt settlement agencies, insurance companies, auto dealerships, repair shops, etc
• Gather and analyze financial information (including, but not limited to, income, expenses, Credit Bureau Reports) from members to propose and implement solutions for delinquent loans
• Analyze member data to assist management in making decisions regarding recovered assets (vehicles and real estate)
• Make decisions regarding enforcement of Bank’s offset policies for delinquent member loans
• Make decisions, using collection techniques and financial analysis, that mitigate Bank’s Risk of Loss while preserving member retention, when appropriate
• Utilize communication and conflict resolution skills to resolve disputes and craft solutions with frustrated or angry members in a calm and professional manner
• Document activities on delinquent accounts, ensuring accuracy and expediency
• Maintain current member information across all utilized platforms (Collection software, Episys Products)