Northwest Federal Credit Union
This listing was posted on Broadbean.
Repossession Specialist
Location:
Herndon, VA
Description:
OverviewThe Repossession Specialist performs the critical function of helping members avoid repossession in addition to coordinating all aspects of repossession and/or judgement processes. They help the credit union mitigate financial loss by regularly assessing the performance of loans, assigning repossessions and effectively communicating with members in need.Responsibilities * Mitigate charge off to reduce loan loss provisions and support positive net income * Assist in managing external vendor relationships * Prepares and recommends all accounts eligible for repossession and submits for assignment * Responsible for all service contract refunds to include but not limited to communication, payment processing and reporting * Serves as a primary point of contact for insurance, GAP, and dealerships with regards to all contracts and claims * Ensure compliance with all federal and state regulations as it pertains to collections, loss mitigation and default processing * Responsible for all GAP claim reconciliation with accounting * Maintains and distributes external and internal faxes and mail to the rest of the department * Sends appropriate letters as required by law * Responsible for uploading all documentation for accounts in process * Communicate with Loss Mitigation Specialists regarding payments * Maintain a working knowledge of FDCPA (Fair Debt Collection Practices Act) * Perform other duties as assigned * Remains cognizant of and adheres to NWFCU policies and procedures, and regulations pertaining to the Bank Secrecy Act (BSA)#NWFCU1QualificationsRequired * High school diploma or equivalent * Minimum 1 year of Collections experience; financial institution preferred * Ability to work independently with minimal direct management supervision * Demonstrated initiative and resourcefulness as a self-starter * Ability to use standard office equipment and systems, working knowledge of Microsoft Office products, especially Word and Excel * Effective oral and written communication skills * Accuracy and detail-oriented * Ability to interact effectively with all levels of the organization and with members * Ability to maintain confidentiality * Working knowledge of FDCPA (Fair Debt Collection Practices Act) and TCPA (Telephone Consumer Protection Act)Preferred * Loss Mitigation and/or Repossession experience * Negotiation skillsAdditional CompensationNorthwest Federal offers a comprehensive and inclusive benefits program, which includes medical, dental and vision plans for you and your family, 4 weeks paid vacation, 12 paid holidays, 24 hours of paid volunteer time, parental leave, company paid disability and life insurance, and a generous 401(k) plan with up to 7% employer match.EEO NoticeNorthwest Federal Credit Union is an Equal Opportunity Employer and will consider all qualified applicants without regard to race, color, age, religion, sex, sexual orientation, gender identity, genetic information, national origin, disability, protected veteran status or any other classification protected by law.NWFCU complies with federal and state disability laws and makes reasonable accommodations for applicants and employees with disabilities. If reasonable accommodation is needed to participate in the job application or interview process, to perform essential job functions, and/or to receive other benefits and privileges of employment, please contact the Human Resources Department at 703-709-XXXX or XXXX@nwfcu.org.
Company:
Northwest Federal Credit Union
Posted:
October 9 on Broadbean
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More About this Listing: Repossession Specialist
Repossession Specialist is a Accounting & Finance Repossession Specialist Job at Northwest Federal Credit Union located in Herndon VA. Find other listings like Repossession Specialist by searching Oodle for Accounting & Finance Repossession Specialist Jobs.
Repossession Specialist is a Accounting & Finance Repossession Specialist Job at Northwest Federal Credit Union located in Herndon VA. Find other listings like Repossession Specialist by searching Oodle for Accounting & Finance Repossession Specialist Jobs.