Asset Recovery Analyst

2 weeks ago


Rockville, Maryland, United States Lafayette Federal Credit Union Full time
Job Overview

NOTICE: APPLICANTS MUST RESIDE IN DC, MD, OR VA. THIS POSITION OFFERS A HYBRID WORK ENVIRONMENT.

We are currently considering candidates who live in the District of Columbia, Maryland, or Virginia for all available positions.

Lafayette Federal Credit Union, recognized as one of USA Today's Top Workplaces of 2024, is expanding its team and looking for talented individuals to enhance our service to members and uphold our esteemed reputation as an employer of choice.

Are you an organized, detail-oriented professional with a knack for problem-solving?

Do you possess experience in consumer and mortgage asset recovery?

If you answered yes, Lafayette Federal may have an ideal opportunity for you. We are in search of a Recovery Specialist to become an integral part of our vibrant team.

About Lafayette Federal Credit Union

Our Distinction: What sets Lafayette Federal apart? We are not just a financial institution; we are a workplace that values our employees. In addition to our recognition as a Top Workplace by USA Today, we have also been featured in (1) Newsweek's America's Best Banks list, (2) received a 5-star rating from Bauer Financial, and (3) earned national accolades from S&P Global's Top Performing Credit Unions.

Our Culture: At Lafayette Federal, we prioritize inclusion, diversity, high performance, and the pursuit of new opportunities. Our collaborative spirit and commitment to community service make Lafayette Federal an exceptional place to work. Each team member is valued for their unique contributions, and we collectively strive to serve our community through various charitable initiatives.

Professional Development: We are dedicated to the growth of our employees, offering training, certification, and opportunities for advancement within the industry.

Role Responsibilities

As a Recovery Specialist, you will play a vital role in assisting the Default Prevention and Recovery department by monitoring loans in default within the credit union's portfolio. Your responsibilities will include:

  • Overseeing the management and sale of credit union-owned assets, including vehicles and real estate.
  • Coordinating with foreclosure attorneys and repossession agencies for various asset types.
  • Documenting and notifying relevant departments once assets are secured or foreclosure processes are finalized.
  • Processing mortgage reinstatements and vehicle redemptions in accordance with federal and state regulations.
  • Addressing member inquiries and internal requests promptly and professionally, ensuring all communications are accurately recorded in the Collections system.
Benefits

Joining Lafayette Federal comes with numerous benefits designed to support your personal and professional journey:

  • Employer-paid health insurance premiums for both single and family coverage (HMO Plan)
  • Fully funded deductible (HMO Plan)
  • 401k employer matching contributions
  • Income protection through life insurance and short/long-term disability
  • Generous paid time off, holiday leave, and birthday leave
  • Educational assistance programs
  • Commuter benefits and more

Compensation: The annual salary for this position ranges from $52,621 to $56,000, commensurate with experience and qualifications.

Location: Our headquarters is situated in a vibrant area, offering a blend of professional growth and community engagement, creating an environment conducive to success and fulfillment.

Note: This job posting outlines the primary responsibilities and requirements of the position but is not exhaustive. Additional duties and qualifications may apply.

*Lafayette Federal Credit Union is an Equal Opportunity and E-Verify Employer.

*EOE/AA/DISABILITY/VETERAN



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