Job Information
MAC Federal Credit Union Recovery Solution Specialist in Fairbanks, Alaska
TITLE: Recovery Solutions Specialist *REPORTS TO: Recovery Solutions Manager*
Purpose:
Responsible for the collection of delinquent loan payments and/or overdrawn accounts. Make attempts to contact them by Initiating phone calls, texts, and emails on these accounts. Maintain accurate collection notes for each one as well. Optimize collections on accounts while balancing members' goodwill with the credit union's overall business interest.
Duties and Responsibilities:
- Attempt to contact and collect on delinquent loans and overdraft accounts.
- Set up, post and transfer payments for members in the form of ACH, card payments or other accepted methods
- Follow up on all correspondence from members in a timely manner. Ensure professional interface with members.
- Assist our members in developing plans to bring accounts to a current status and/or bring their loans current
- Notate ALL correspondence with members within our Collections package.
- Use all tools given to locate members.
- Research payroll deductions stops, starts, and changes as they may affect the status of a loan repayment.
- Determine when loan collateral should be repossessed, and serve as a liaison between agents or agencies in handling repossession of collateral.
- Take further action such as: Filing Small claims packets and sending files out to our 3^rd^ party collections agency on delinquent loans at the appropriate time.
- Follow policy and learn how to handle accounts where bankruptcy has been filed.
Professionally work with all staff while assisting them in dealing with collection members.
Assist with interoffice duties which include but is not limited to working returned mail, sorting and delivering credit union mail, answering the door
Rework loan files for accounts that have forced place insurance
Post and track payments from all outside resources
Balance general ledgers associated with the department
The essential functions are intended to describe the general content of and requirements of this position and are not intended to be an exhaustive statement of duties. Specific tasks or responsibilities will be documented as outlined by the incumbent's immediate manager.