Senior Loss Recovery Specialist
6 days ago
Overview
At GreenState Credit Union, we are committed to delivering exceptional member service and ensuring the well-being of our community. As a Senior Loss Recovery Specialist, you will play a vital role in mitigating losses and protecting the interests of our members.
We are seeking an experienced professional with a strong background in loss mitigation, collection practices, consumer credit, real estate, and bankruptcy laws and regulations. The ideal candidate will possess excellent interpersonal and persuasive skills, with the ability to work independently and prioritize assignments efficiently.
The successful candidate will be responsible for analyzing accounts prior to charge-off, ensuring that all efforts have been exhausted and due diligence has been completed. They will also approve or recommend accounts deemed uncollectable, facilitating the accounting requirements necessary to transfer assets to OREO status.
As a key member of our Account Resolutions team, you will consult with the Vice President/Account Resolutions on complex accounts and provide recommendations for appropriate actions. Your expertise will be invaluable in enriching the community through participation in community service organizations and credit union-sponsored events.
Key Responsibilities
- Analyze accounts prior to charge-off to ensure exhaustion of efforts and completion of due diligence.
- Approve or recommend accounts deemed uncollectable and facilitate accounting requirements for OREO status.
- Consult with Vice President/Account Resolutions on complex accounts and provide recommendations for appropriate actions.
- Maintain insurance on OREO properties and manage vendor payments for the department.
- Perform other duties as assigned.
Requirements
- Minimum three years' experience in loss mitigation, with two years in collection practices, consumer credit, real estate, and bankruptcy laws and regulations.
- TWO-YEAR COLLEGE DEGREE OR COMPLETION OF A SPECIALIZED COURSE OF STUDY OR EQUIVALENT EXPERIENCE.
- Possess higher system permissions and approval authority for recommended deferments, modifications, TDRs, and workout loans.
- Ability to operate related computer applications and office equipment.
- Must be bondable.
Benefits
- Average salary range for this position is $94,570.00 per annum, with a progressive benefit package.
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