Collections Specialist

Overview

The Collections Team oversee's the critical and time-sensitive effort of settling delinquent loans or negative accounts while helping the credit union mitigate financial losses. In the role as a Collections Specialist, team members recover past due payments on auto loans, credit cards, signature loans, lines of credit and negative savings accounts. This role also includes the ability to be able to negotiate with members as well as work to find alternative payment solutions in order to keep delinquency low in order to mitigate loss.

Responsibilities

• Manage collection efforts on delinquent employee and member accounts and maintain acceptable delinquency rates
• Communicate with members regarding past due accounts via telephone and / or written correspondence
• Utilize skip tracing tools and techniques such as credit reports, software applications, and web-based searches
• Ensure compliance with all federal and state regulations as it pertains to collections, loss mitigation and default processing
• Negotiate acceptable payment arrangements
• Research and resolve discrepancies
• Handle a high volume of incoming and outgoing calls on a daily basis
• Recommend accounts for charge off
• Escalate accounts to management when the member is unwilling or unable to pay when necessary
• Performs other related duties as assigned
• Remains cognizant of and adheres to NWFCU polices and procedures as well as regulations pertaining to the Bank Secrecy Act (BSA)

Qualifications

Includes a rotational shift once every 5 weeks of Saturday 9AM-1PM and a 10 : 30AM-7PM shift during the week

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Additional Compensation

Northwest 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 Notice

Northwest 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 703-709-8900 or HRDepartment@nwfcu.org