Collections Specialist

5 days ago


Farmington, Michigan, United States Community Choice Credit Union Full time
Job Title: Collections Specialist

At Community Choice Credit Union, we are seeking a highly skilled Collections Specialist to join our team. As a key member of our Member Solutions department, you will play a critical role in assisting our members with delinquent loans and past due accounts.

Key Responsibilities:

  • Initiate collection procedures and facilitate payment arrangements for members with 6 to 60-day delinquent loans and past due accounts.
  • Assist staff and members with delinquent loan related requests to ensure they are processed accurately and efficiently.
  • Produce, provide, and continually update documentation of all collection efforts to ensure collection attempts are accurately tracked.
  • Offer loan extensions or loan workouts for members in order to minimize delinquency and potential losses.
  • Provide budget counseling to assist in improving the financial lives of our members.
  • Produce, provide, and continually update evaluation documentation on delinquent loans to ensure recommendations are in the best interest of the credit union.
  • Create reports and trends that reflect loan delinquency to determine and track possible trends.

Requirements:

  • High School Diploma in General Studies
  • 6 Months-2 Years of Collection and/or lending experience preferred
  • Knowledge of financial industry and familiarity with related laws and regulations
  • Excellent communication, telephone, and public relations skills

Why Join Our Team:

At Community Choice Credit Union, we are committed to serving our members and our communities. As a Collections Specialist, you will have the opportunity to make a positive impact on the financial lives of our members and contribute to the success of our credit union.


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