Specialist - Debt & Asset Recovery

at  Mitsubishi HC Capital Canada

Mitsubishi HC Capital Canada and its parent company, Mitsubishi HC Capital America, form the largest non-captive, nonbank commercial finance company in North America constantly growing and transforming to contribute to a prosperous and sustainable future, creating social value through optimizing the potential of assets.
Joining Mitsubishi HC Capital Canada means becoming an integral part of an experienced team offering flexible commercial financing solutions adapted to the needs of Canadian businesses.
We stand out thanks to a collaborative culture focused on the well-being of our employees, accountability and career development, open-mindedness, inclusiveness as well as positive leadership in our daily activities!
In addition, a sales team specializing in sustainable development and a community action committee allow us to make a significant social and environmental difference.

ABOUT:

As part of the Debt & Asset Recovery team, you will report directly to the Team Lead and will be responsible for coordinating the late-stage collection of accounts receivables assigned to you as well as equipment/asset management functions including but not limited to repossessions and resolving third party liens. You will protect the organization’s investment by securing assets within acceptable time frames while always striving to keep costs to a minimum. You will do investigative work and collaborate with both internal and external partners.

Responsibilities:

• Collect delinquent accounts receivable (late-stage)
• Make various agreements with customers to regularize files
• Work in collaboration with various external parties such as bailiffs, towing companies, trustees, and repair facilities, as well as internal departments (Legal, Asset Management, Credit)
• Perform a cost/benefit analysis to determine the feasibility of securing an asset (balance owed vs. estimated value of security, accounting for possible third-party liens and the age/anticipated condition of the security)
• Protect the organization’s interests by way of securing assets in the event of non-payment (repossession), while actively considering and working to minimize applicable expenses. (Working with bailiffs, towing companies and/or coordinating voluntary surrenders of collateral)
• Skip-tracing
• Validate and negotiate third party liens
• Ensure that appropriate legal notices are issued in accordance with provincial laws
• Develop a diverse, Canada-wide network of contacts (including bailiffs, towing facilities, etc.)
• Collaborate with risk-management team to determine future best practices to protect our investments
• Promote referral of files to our other business units when applicable (Insurance, Legal, ABL, refinance)
• Contribute to continuous improvement of policies and procedures both within and between departments
• Analyze our investigations into select files to identify irregularities
• Any other related duties that may fall within the scope of this position.

The profile we are looking for:

• Experience of 3-4 years in asset recovery, collections or any experience relevant to the position
• Strong interpersonal skills and ability to build effective partnerships across an organization
• Ability to manage tight deadlines, competing priorities, and multiple responsibilities
• Critical thinking to recognize equipment, transactions, and portfolio-related risks as well as opportunities
• Strong analytical, organizational, and time management skills
• Autonomous and proactive
• Energetic with a high level of integrity and good judgment
• Good negotiation and problem-solving skills – You are recognized for your good communication skills
• Strong knowledge of the MS Office suite (Word, Excel, and Outlook).
• Spoken second language such as French, Punjabi, etc. is an asset
• Knowledge of leasing laws is an asset

• Collect delinquent accounts receivable (late-stage)
• Make various agreements with customers to regularize files
• Work in collaboration with various external parties such as bailiffs, towing companies, trustees, and repair facilities, as well as internal departments (Legal, Asset Management, Credit)
• Perform a cost/benefit analysis to determine the feasibility of securing an asset (balance owed vs. estimated value of security, accounting for possible third-party liens and the age/anticipated condition of the security)
• Protect the organization’s interests by way of securing assets in the event of non-payment (repossession), while actively considering and working to minimize applicable expenses. (Working with bailiffs, towing companies and/or coordinating voluntary surrenders of collateral)
• Skip-tracing
• Validate and negotiate third party liens
• Ensure that appropriate legal notices are issued in accordance with provincial laws
• Develop a diverse, Canada-wide network of contacts (including bailiffs, towing facilities, etc.)
• Collaborate with risk-management team to determine future best practices to protect our investments
• Promote referral of files to our other business units when applicable (Insurance, Legal, ABL, refinance)
• Contribute to continuous improvement of policies and procedures both within and between departments
• Analyze our investigations into select files to identify irregularities
• Any other related duties that may fall within the scope of this position