Collection Expert
6 days ago
Company Overview: Synectics is a leading provider of innovative solutions for the merchant cash advance industry.
Job Summary: We are seeking an experienced Collection Specialist to join our team and play a critical role in managing collections for merchant cash advance accounts.
About the Role: As a Collection Specialist, you will be responsible for managing collections by conducting effective skip tracing, executing judgment enforcement strategies, performing detailed asset searches, and coordinating with private investigators and legal teams. You will also negotiate payment plans while maintaining compliance with industry regulations.
Key Responsibilities:
- Manage collections for merchant cash advance accounts, ensuring timely resolution and maximum recovery.
- Conduct thorough skip tracing to locate debtors, utilizing advanced tools and methodologies.
- Develop and execute judgment enforcement strategies, including garnishments and lien placements, to maximize recoveries.
- Perform detailed asset searches to identify recoverable assets, leveraging expertise in skip tracing and asset search tools.
- Collaborate effectively with private investigators and legal teams to ensure seamless communication and execution of collection efforts.
- Negotiate payment plans with debtors, balancing financial goals with regulatory requirements.
Required Skills and Qualifications:
- 2+ years of experience in MCA collections, with a proven track record of success.
- Associate degree or higher, preferably in a related field such as business, finance, or law.
- Proficiency in skip tracing tools and methodologies, including advanced software and techniques.
- Knowledge of judgment enforcement, including legal processes for garnishments and liens.
- Familiarity with asset search tools and techniques, with the ability to perform detailed searches.
- Strong communication, negotiation, and problem-solving skills, with the ability to work effectively with diverse stakeholders.
- Detail-oriented with the ability to manage multiple accounts simultaneously, prioritizing tasks and meeting deadlines.
Benefits: At Synectics, we offer a comprehensive benefits package, including competitive salary, health insurance, retirement plan, and opportunities for professional growth and development.
What We Offer: Join our team and take advantage of our dynamic work environment, collaborative culture, and commitment to excellence. As a Collection Specialist at Synectics, you will have the opportunity to develop your skills, expand your knowledge, and contribute to the success of our organization.
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