Equipment Financing Portfolio Collections Mgr - Highland Capital, Washingto at Valley Bank

Township of Washington, New Jersey, United States -

Full Time

Start Date

Immediate

Expiry Date

08 Apr, 26

Salary

0.0

Posted On

08 Jan, 26

Experience

5 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Legal Process, Credit Analysis, Skip Tracing, Equipment Finance, Professional Communication, Detail Oriented, Negotiation Skills, Report Writing, Microsoft Office, Teamwork, Customer Service, Portfolio Monitoring, Problem Solving, Account Management, Delinquency Reporting, Independent Work

Industry

Banking

Description

Responsibilities include but are not limited to: * Responsible for portfolio monitoring in general and accounts 60+ Days Past Due specifically - prioritizing calls, maintaining notes and activities in Dollars to ensure delinquency objectives are understood and achieved. * Provides guidance to Collections and Customer Service teams in managing their respective duties. * Has frequent interaction with senior management regarding the status of problem loans. * Provide thoughtful review and analysis of account information to establish the best possible outcome (Legal, restructure). * Negotiate settlements with customers and/or their counsel. * Preparation of daily/monthly delinquency reports. * Participate in monthly Portfolio Review Meetings highlighting key issues. Qualifications Required Skills: * Proficient understanding of the legal process relating to the recovery of commercial loans. * Ability to analyze credit reports (business and consumer), payment histories and personal records to determine potential to pay. * Strong researcher with skip tracing abilities. * Understanding of equipment finance terminology and documentation. * Ability to draft professional emails, letters, settlement agreements and other documentation, as may be required. * Capacity to work independently and as a team. * Present yourself in a courteous and professional manner. * Must be detail and service oriented. * Strong communication, negotiation and follow-up skills. * Ability to prepare/write basic reports and business correspondence. * Should have working knowledge of PC/Windows environment. Knowledge of Microsoft Office programs is helpful. Able to learn new and customized computer programs. Required Experience: * Bachelor's degree and 5 years of related work experience together with supervisory responsibilities that include managing direct reports.

Responsibilities

The Equipment Financing Portfolio Collections Manager is responsible for monitoring accounts that are 60+ days past due, guiding collections and customer service teams, and negotiating settlements with customers. They also prepare delinquency reports and participate in portfolio review meetings.