Financial Recovery Specialist

2 weeks ago


Alton, Illinois, United States 1st Mid America Credit Union Full time
Financial Recovery Representative

At 1st MidAmerica Credit Union, we're committed to helping our members achieve financial stability. As a Financial Recovery Representative, you'll play a critical role in supporting our Financial Recovery Department by assisting in the collection of past due accounts and processing paperwork associated with bankruptcies and repossessions.

Key Responsibilities:
  • Contact delinquent accounts by phone and mail, taking appropriate action to bring accounts current and providing required notices to all involved parties.
  • Analyze financial situations of delinquent borrowers, making recommendations to repossess or charge off account collateral when other arrangements to bring the loan current are unsuccessful.
  • Maintain accurate files and reports on all collections activity, preparing daily, weekly, and monthly reports as directed.
  • Inform management of trends in loan underwriting contributing to delinquent/charged-off loans.
  • Provide information to legal counsel, outside agencies, and appropriate parties as necessary, testifying at legal proceedings as required.
Requirements:
  • One year to three years of similar or related experience.
  • A high school education or GED.
  • Excellent communication and interpersonal skills, with the ability to work with a high degree of confidentiality and discretion.
  • Good calculator, typewriter, and keyboard skills.

We offer a world-class benefits package, including medical, dental, and vision insurance, as well as company-paid life, ADD, STD, and LTD insurance. You'll also have access to company-paid technical training and $2,000 per year in tuition reimbursement for other relevant coursework. Plus, we contribute 10% of your annual salary to your 401(k) program after one year of service.

We're proud to partner with ZayZoon to offer Wages On-Demand, so you can access your earned wages before your pay date. If you're a detail-oriented and customer-focused individual who is passionate about helping others achieve financial stability, we encourage you to apply for this exciting opportunity.



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