Onsite Asset Finance Collections Representative III

Posted 2 hours ago

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About the role

  • Maximizes return on problem accounts and equipment liquidation in Equipment Finance’s commercial lease and loan portfolio. Works closely with management and legal counsel while mentoring less experienced staff.

Responsibilities

  • Maximizes Equipment Finance’s return on problem accounts and equipment liquidation within its commercial lease and loan portfolio.
  • Protects the bank's Equipment Finance’s financial risk and returns by reviewing contract modifications, restructures, and contract assumptions.
  • Researches complex collection and litigation issues and develops and implements workout arrangements on problem loans and leases including repossessions, legal action, and liquidation of collateral.
  • Contributes to the review, update, and implementation of new procedures and practices within the Collections Department.
  • Works closely with all levels of management, inter-departments, legal counsel, and customers to ensure company objectives are being met.
  • Assists the Collection Manager by providing coaching and mentoring to less experienced members of the collection staff.
  • Performs other duties as assigned.

Requirements

  • Bachelor’s degree in business or related field or equivalent work experience.
  • 3+ years commercial lease and loan workout and collection experience with a variety of different types of lease and loan structures.
  • 5+ years customer service/collection experience
  • Strong working knowledge of workout solutions and associated documentation.
  • Strong working knowledge of bankruptcy and commercial law.
  • Solid working knowledge of all stages of collections, insurance and bankruptcy litigation.
  • Strong working knowledge of State and Federal regulations governing collection practices.
  • Good working knowledge of equipment/collateral values and liquidation process.
  • Strong conflict resolution, motivational, analytical/problem solving and negotiation skills.
  • Works with little supervision and has the ability to prioritize and meet deadlines.
  • Proactive, self-motivated, independent, results oriented.
  • Proven ability to manage customer and internal relationships and make decisions that balance the customer needs with company needs.
  • Ability to use independent judgment on relationships in excess of $500,000

Benefits

  • health insurance coverage
  • wellness program
  • life and disability insurance
  • retirement savings plan
  • paid leave programs
  • paid holidays
  • paid time off (PTO)

Job title

Asset Finance Collections Representative III

Job type

Experience level

Mid levelSenior

Salary

$52,000 - $101,000 per year

Degree requirement

Bachelor's Degree

Location requirements

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