Hybrid Loss Mitigation Specialist 2 – Equipment Finance

Posted 2 months ago

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About the role

  • Loss Mitigation Specialist managing complex, defaulted accounts for U.S. Bank with a focus on resolution strategies and customer engagement. Involves analyzing accounts and maintaining records while ensuring compliance.

Responsibilities

  • Responsible for initiating, directing and pursuing prompt remediation of defaulted accounts
  • Review and analyze assigned accounts to determine enhanced collection strategy to employ utilizing the established tools and parameters
  • Be pro-active in finding resolution of problematic accounts and diligence in collecting legal and other applicable fees
  • Regularly contact customers with delinquent accounts in order to discuss their account status and work out payment arrangements
  • Prepare loss mitigation agreements and execute with the customer
  • Prepare for and provide account status updates and proposed action plans
  • Provide thoughtful and tactical analysis of accounts and maintain current follow-up on accounts assigned
  • Identifies and recommends strategies to maximize recovery and reduce losses

Requirements

  • Bachelor's degree, or equivalent work experience
  • Three to five years of experience in lending/account management activities
  • Good working knowledge of credit legal principles, accounting, economics, and financial statement analysis
  • Basic knowledge of lending interest rates, loan terms and conditions, and real estate methodologies
  • Good negotiation skills
  • Well-developed customer service/relations skills
  • Effective interpersonal, verbal and written communication skills

Benefits

  • Healthcare (medical, dental, vision)
  • Basic term and optional term life insurance
  • Short-term and long-term disability
  • Pregnancy disability and parental leave
  • 401(k) and employer-funded retirement plan
  • Paid vacation (from two to five weeks depending on salary grade and tenure)
  • Up to 11 paid holiday opportunities
  • Adoption assistance
  • Sick and Safe Leave accruals of one hour for every 30 worked, up to 80 hours per calendar year unless otherwise provided by law

Job title

Loss Mitigation Specialist 2 – Equipment Finance

Job type

Experience level

Mid levelSenior

Salary

$62,050 - $73,000 per year

Degree requirement

Bachelor's Degree

Location requirements

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