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Asset Recovery Coordinator
2 months ago
Company Description
Dakota Financial, LLC is an asset-based direct funding source with an office in Richardson, TX. Founded in 2002, Dakota provides creative financing solutions to small and medium-sized businesses nationwide. With expertise in various industries, Dakota focuses on asset financing for trucks, trailers, construction equipment, and more.
Role Description
This is a full-time on-site role as an Asset Recovery Coordinator at Dakota Financial. The Asset Recovery Coordinator handles escalated default accounts. The handling of accounts includes account analysis, asset valuation, skip tracing/investigation, repossession assignment, asset recovery, payment plans and payoffs/settlements
Duties and Responsibilities:
- Thoroughly analyze account status/history, perform asset valuation and determine best course of action in any default scenario that will provide the greatest return/least amount of loss.
- Evaluate all possible courses of action and make independent decisions about how to resolve account issues.
- Collect and analyze information about asset status/value, customer financial status and any other relevant factors to determine which solution provides the best result for the organization.
- Communicate with customers regarding reasons for default, options to cure default and overall account status.
- Accurately issue formal notices of default to customers in the form of accelerated/casualty letters.
- Use own discretion to assign accounts to repossession agents as appropriate and follow up with repossession agents regularly for status of assignments.
- Continually service assigned accounts which may include ongoing collection activity, skip tracing and gps tracking.
- Setup payment plans with customers as appropriate and follow up with customer to ensure payments are received according to payment plan.
- Communicate with repair shops, storage facilities and impound entities to ensure asset release or resolution.
- For assets with repair/storage bills, analyze asset value compared to repair/impound costs to determine appropriate course of action.
- Work closely with remarketing team to ensure assets are transported in a timely and efficient manner.
- Negotiate payoffs, settlement balances and 3rd party sales as needed.
RespQualifications:
- Ability to make decisions of significant importance using independent judgement and discretion.
- Strong collections experience handling escalated situations.
- Strong critical thinking skills.
- Strong work ethic.
- Excellent organizational and multi-tasking skills.
- Excellent follow-up.
- Proficient with technology.