Senior Operations Manager, Auto Collections

2 weeks ago


San Mateo, California, United States UpStart Full time
About Upstart

Upstart is a leading AI lending marketplace that partners with banks and credit unions to expand access to affordable credit. By leveraging Upstart's AI marketplace, Upstart-powered banks and credit unions can have higher approval rates and lower loss rates across races, ages, and genders, while simultaneously delivering the exceptional digital-first lending experience their customers demand.

More than two-thirds of Upstart loans are approved instantly and are fully automated. Upstart is a digital-first company, which means that most Upstarters live and work anywhere in the United States. However, we also have offices in San Mateo, California; Columbus, Ohio; and Austin, Texas.

Most Upstarters join us because they connect with our mission of enabling access to effortless credit based on true risk.

The Role

We are seeking a Senior Operations Manager, Auto Collections to join our team. This role will be responsible for managing Upstart's auto collections team and process, including all delinquent auto accounts from 1-120 days past due and working with internal and external partners.

As a Senior Operations Manager, Collections at Upstart, the ideal candidate will be able to think strategically and analytically, is solutions-oriented, and likes to improve processes and workflows. He/She is self-motivated, a great planner, exercises excellent judgment and handles challenges with positivity and grit. The candidate should also be able to communicate effectively and establish key relationships with Upstart's vendors and internal teams.

Key Responsibilities
  1. Help to develop and implement comprehensive debt collection strategies to maximize recovery rates and minimize losses.
  2. Analyze collection data and trends to identify opportunities for improvement and implement best practices.
  3. Identify key talent to cultivate a high-performing, high-accountability organization.
  4. Lead, mentor, and manage the members of the collections team, fostering a high-performance culture.
  5. Oversee day-to-day collections operations, ensuring efficiency and effectiveness in all processes.
  6. Monitor and evaluate the performance of collections staff, providing feedback and implementing corrective actions as needed.
  7. Ensure compliance with all relevant laws, regulations, and company policies related to debt collections.
  8. Develop and maintain policies and procedures to mitigate risks and ensure ethical practices.
  9. Build and maintain strong relationships with key stakeholders, including agencies, borrowers, and external partners.
  10. Negotiate and manage relationships with third-party collection agencies and legal counsel.
  11. Prepare regular reports on collection activities, performance metrics, and financial results.
  12. Present findings and recommendations to senior management for strategic decision-making.
Requirements
  • Bachelor's degree.
  • A minimum of 7+ years of experience in auto debt collections/operations including repo and back-end auto collections work, with at least 5 years in a leadership role and proven track record of developing and implementing successful debt collection strategies.
  • Strong knowledge of debt collection laws and regulations.
  • Experience working with debt collection software and tools, familiarity with collections best practices and an eye towards innovation.
What We're Looking For

We are looking for a candidate who is able to work in a fast-paced and dynamic environment, rationalize trade-offs and prioritization, and is willing to get creative to drive results. The ideal candidate will be a big-picture thinker who understands how all stakeholders behave and perform, and is highly capable of combining different tools and methods to create an effective collections strategy.

The candidate should be data-driven, analytical, detail-oriented, and relentlessly use data to make decisions on strategy, constantly re-evaluating and updating strategy needed to maximize effectiveness.

We are excited to find a candidate who is flexible amid change and ambiguity, and is excited and comfortable working in an early-stage, high-growth company with limited historical data.



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