Lead Collections Specialist

ABOUT THE POSITION

Lead Collections Specialist is responsible for the daily operational oversight of a team consisting of Collections Specialists tasked with proactive delinquency outreach and strategy. This role is responsible for proactively managing delinquent accounts by contacting Credit Union members and involves identifying potential risks, working with members to resolve payment issues, providing repayment solutions, and implementing strategies to mitigate losses to the Credit Union. 

NORMAL DAY-TO-DAY WORK

1. Oversee  a team of Collections Specialists who are responsible for primary support of all  incoming and outgoing call efforts to support delinquency and loss management  goals. Provide primary managerial support for all escalated calls and  membership concerns.
2. Coordinate  efforts to ensure all required accounts are contacted via phone, email, and  text message. 
3. Provide  leadership direction and decisions based on sound judgment and strategic  thinking. 
4. Coordinate  with other team leaders and management to ensure coverage of phones and other  means of communication during identified business hours. Manage scheduling for  all employees within their oversight. 
5. Work  with Collections Specialists to provide strategic repayment plans, loan  modifications, or other solutions to bring accounts current.
6. Provide  support to the Default Management Team. 
7. Ensure  a consultative member approach to restructuring loans as necessary, providing  direction on improving the financial outlook of the member in the future.
8. Establish  proficiency in all current and future software systems utilized by the Loss  Mitigation team. Including, but not limited to, our core operating system,  collections software, payment portals, document retention, and workforce based  applications software.
9. Accurately  document all member interactions, payment agreements, and actions plans in the  core collection system.
10. Maintain  sufficient call volume and quality standards in like with established  positions Key Performance Index goals for individuals under your direct  supervision
11. Provide  strategic recommendations to management as identified.
12. Maintain  knowledge of Default Management practices and procedures to best aid in  cross-team communication.
13. Collaborate  and mentor individuals within the Loss Mitigation Team to ensure diligent  effort is made to cross-train other team members and ensure complex subject  matter is understood across the team. 
14. Maintain  knowledge of current loss mitigation and collections strategy to assist in the  successful completion of identified individual and team goals.
15. Maintain  knowledge of elevated account actions, insurance claims, and collateral  recovery efforts to best assist with membership communication pre and post  charge off. 
16. Collaborate  as necessary with other internal business units and resources to ensure a  coordinated approach to loss prevention.
17. Assist  Loss Mitigation management with reviewing reports on delinquency trends,  member interactions, and recovery efforts.
18. Ensure  all activities are in compliance with federal and state regulations, as well  as Credit Union policies, guidelines, and procedures. 
19. Take  ownership for actions, decisions, and results; openly accept feedback and  demonstrate both the willingness and ability to improve.

JOB QUALIFICATIONS

Here are a few skills you MUST have to be qualified for this position.

1. Minimum 4-6 years experience in consumer loan product collections, financial services or related field, inclusive of a Minimum 1-3 years of direct supervisory or leadership experience. 
2. Must have an understanding of accounting principles and business financial statements and tax returns.
3. Must be knowledgeable in the process of analyzing personal tax returns, personal financial statements, and credit bureau reports.
4. Experience with credit procedures, policies, regulations and laws, in addition to knowledge of bankruptcy and consumer law. 
5. Strong interpersonal skills with ability to work in a team environment.
6. Ability to function in a Consumer business office environment and utilize standard office equipment including but not limited to: PC, copier, telephone, etc.
7. Ability to lift a minimum of 25 lbs. (file boxes, computer).
8. Travel required on occasion.

Here are a few qualities we’d LIKE for you to have to make you more suited for this position.

1. Collections or call center supervisory experience. 
2. Bachelor’s degree in finance, Accounting, Economics, Business or related field.
3. Prefer a minimum of 1-3 years of Credit Union consumer credit experience.
4. Knowledge of loan structuring and work-out solutions in desirable

CIVIC CULTURE

Our organizations believe we can all do well by doing good. We value the contributions of diverse minds and prioritize the success and well-being of our employees. We also believe every person in our organization plays a role in supporting a healthy environment and helping to achieve our goal of prosperity for all. To this end, we recruit bright, energetic, and talented people to be members of our team. In return, we offer a dynamic workplace that presents opportunities for professional advancement and individual growth. We strive to always display integrity, self-awareness, courage, and respect for one another while continuing to seek opportunities to learn. We really believe that when our employees succeed, our community wins. 

If you have questions about this position description, please feel welcome to ask. You can reach our HR Department at: 

Civic Human Resources

3600 Wake Forest Road, Raleigh, NC 27609 

[email protected]