Collector (Loan Adjuster II)

Company: SchoolsFirst FCU
Location: Sacramento
Posted on: May 25, 2023

Job Description:

Position Details


The pay range for this position is listed below. Our pay ranges are built to allow for candidates with various levels of skill and experience to be considered, as well as for room for growth and tenure achieved in a role over time. Typical new hire salary offers fall within the minimum to midpoint of a pay range for many candidates. Any offer extended to a candidate will be based upon their unique set of knowledge, skills, education, and experience as well as internal equity.


Minimum: $20.07


Midpoint: $24.08


Maximum: $28.09


SchoolsFirst FCU is committed to Diverse, Equitable, and Inclusive Hiring


At SchoolsFirst FCU we are dedicated to building and growing a diverse, inclusive, and authentic Dream Team, so if you're excited about a position or wanting to make a career change but your past experience doesn't align perfectly with every qualification in the job description, we encourage you to apply anyway. Many skills are transferrable and you may be just the right candidate for the position, or for other roles we are working on.


What You'll Be Doing


Collects on loans of all stages of delinquency made by the Credit Union where timely payments are not being received. Communicates with Members using advanced skills to identify the true cause of non-payment and provides a personalized options to each Member.


Works on all delinquency stages through inbound/out-bound calling, letters, and other approved methods, collects past due payments and/or negotiates payment arrangements or repayment plans to resolve delinquent loans or negative shares by identifying reason for delinquency and offering appropriate options to Members.

Documents all conversations and collections activity in collection systems. May be responsible for funding of workout loans or working collections reports, such as the available money letter report.

Maintains adherence to all federal and state regulations and credit union policies.

Performs file maintenance of delinquent accounts to reflect agreed upon collection activities. Processes adjustments to Member loans as needed, including but not limited to, due date changes, opening/closing lines of credit, closing negative accounts, and payment plan maintenance.

Recommends Members with delinquent accounts for work out loans, deferments, reages, reduced payments, repossession and charge-off. Refers complex situations to the appropriate resources to ensure timely resolution.

May provide suggestions for streamlining departmental and credit union operations. When assigned helps to complete projects and reports related to the department.

May perform more advanced research and analysis on accounts, may skip trace and perform asset searches.


Additional Job Functions


Performs other duties as assigned

Complies with regulatory compliance and assigned training requirements including but not limited to BSA regulations corresponding to their specific job duties. Failure to do so may result in disciplinary and other employment related actions


Qualifications

Required High School Diploma or GED

3-5 years of previous related experience Required

Previous financial institution or credit union experience Preferred


Knowledge, Skills, and Abilities


Knowledge of bankruptcy laws, FDCPA, TCPA and SCRA

Excellent verbal and written skills.

Uses active listening skills to determine the Member's hardship and provides appropriate solution.

Ability to multi-task

Intermediate computer and typing skills

Experience with inbound/outbound phone system preferred

Conflict resolution and negotiation skills

Keywords: SchoolsFirst FCU, Sacramento , Collector (Loan Adjuster II), Other , Sacramento, California