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Louisiana Federal Credit union
La Place, LA | Full Time
$36k-44k (estimate)
10 Months Ago
Collector
$36k-44k (estimate)
Full Time | Banking 10 Months Ago
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Louisiana Federal Credit union is Hiring a Collector Near La Place, LA

Role
Participates in maintaining a financially sound loan portfolio through early delinquency control. Methods to accomplish this include (but are not limited to): phone calls, text messages, collection letters, and in person interviews. Recommends further action on accounts as deemed necessary including, but not limited to: repossession, legal action, foreclosure and referral to a collection agency.
Major Duties and Responsibilities
  • On a daily basis, work delinquency queue. Makes early contact with delinquent members to determine reason and to negotiate a successful payment arrangement.
  • Follow-ups on all delinquent accounts to ensure payment arrangements are made. Develops workout plans and collects on overdue accounts whenever possible. Recommends further action as deemed necessary (i.e. repossession, legal action, foreclosure, referral to collection agency).
  • Performs thorough skip tracing on delinquent accounts as needed.
  • Ensure compliance with all applicable Credit Union policies, procedures, and state and federal regulations.
  • Maintains accurate data on all delinquent accounts, including initial documentation of repossessions, bankrupt and charged off accounts.
  • Documents all collection activity, including in-person and telephone/text message conversations and alternative financial arrangements.
  • Posts collected payment to member's accounts.
  • Troubleshoots and resolves member inquiries in a timely and accurate manner. Researches automatic payment methods, stops, starts, and changes as they may affect the status of a loan.
  • Work and recommend shares for charge offs that are in the queue and as assigned in compliance with the credit union's charge off policy.
  • Work as a team within the department to meet the overall credit union's goals for charge off/delinquency ratios.
  • Any other task/duties assigned by supervisor.
Experience
6 months to 2 years of similar or related experience, including preparatory experience.
Great negotiation skills
Ability to prioritize workflow
Excellent organizational skills
Ability to multi-task
Education
High school education or GED
Interpersonal Skills
A significant level of trust, credibility and diplomacy is required. In-depth dialogue, conversations and explanations with customers, direct and indirect reports and outside vendors can be of a sensitive and/or highly confidential nature. Communications may involve motivating, influencing, educating and/or advising others on matters of significance. Typically includes subject matter experts as well as first level to middle managers.
Other Skills
Proficiency in computer applications and other business equipment, specifically Microsoft Excel and Word. Must have the ability to learn new programs and work in a professional manner. Must be able to work quickly, independently and accurately. Must have excellent written and oral communication skills.
Physical Requirements
Perform primarily sedentary work with limited physical exertion and occasional lifting up to 10 lbs. Sits more than 6 hours a day. Must be capable of climbing/descending stairs in emergency situation. Must be able to operate routine office equipment including telephone, copier, facsimile, and calculator. Must be able to routinely perform work on computer, sitting for an average of 6-8 hours per day, when necessary. Must be able to work extended hours whenever required or requested by management. Must be capable of regular, reliable and timely attendance. Must be able to routinely perform work indoors in climate controlled shared work area with minimal noise.
Must be able to perform job functions independently or with limited supervision and work effectively either on own or as part of a team. Must be able to read and carry out various written instructions and follow oral instructions. Must be able to speak clearly and deliver information in a logical and understandable sequence. Must be able to perform basic mathematical calculations with extreme accuracy. Must be capable of dealing calmly and professionally with numerous different personalities from diverse cultures at various levels within and outside of the organization and demonstrate the highest level of customer service and discretion when dealing with the public. Must be able to perform responsibilities with composure under the stress of deadlines/requirements for extreme accuracy and quality and/or fast pace. Must be able to effectively handle multiple, simultaneous, and changing priorities. Must be capable of exercising the highest level of discretion on both internal and external confidential matters. Must be able to stay calm when being challenged by customers in a stressful manner.

Job Summary

JOB TYPE

Full Time

INDUSTRY

Banking

SALARY

$36k-44k (estimate)

POST DATE

07/14/2023

EXPIRATION DATE

05/16/2024

WEBSITE

louisianafcu.org

HEADQUARTERS

LA PLACE, LA

SIZE

25 - 50

FOUNDED

1935

CEO

RHONDA HOTARD

REVENUE

$10M - $50M

INDUSTRY

Banking

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The job skills required for Collector include Customer Service, etc. Having related job skills and expertise will give you an advantage when applying to be a Collector. That makes you unique and can impact how much salary you can get paid. Below are job openings related to skills required by Collector. Select any job title you are interested in and start to search job requirements.

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The following is the career advancement route for Collector positions, which can be used as a reference in future career path planning. As a Collector, it can be promoted into senior positions as a Consumer Loan Collector III that are expected to handle more key tasks, people in this role will get a higher salary paid than an ordinary Collector. You can explore the career advancement for a Collector below and select your interested title to get hiring information.

If you are interested in becoming a Collector, you need to understand the job requirements and the detailed related responsibilities. Of course, a good educational background and an applicable major will also help in job hunting. Below are some tips on how to become a Collector for your reference.

Step 1: Understand the job description and responsibilities of an Accountant.

Quotes from people on Collector job description and responsibilities

Collectors recover overdue payments and past due accounts by tracking debtors down using the phone or mail.

01/09/2022: Savannah, GA

Collectors also stay mindful of clients’ possible fears about being contacted for past due accounts and sometimes refer them to debt counselors for additional assistance.

01/18/2022: Utica, NY

After the collector and debtor agree on a repayment plan, the collector continually checks to ensure that the debtor pays on time.

03/12/2022: Waco, TX

Overdue payments on credit card balances, phone bills, auto loan payments, utility payments, and back taxes are examples of delinquent bills that a debt collector may be tasked with retrieving.

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Step 2: Knowing the best tips for becoming an Accountant can help you explore the needs of the position and prepare for the job-related knowledge well ahead of time.

Career tips from people on Collector jobs

Collectors must follow federal and local laws that govern debt collection.

04/02/2022: Springfield, MO

Step 3: View the best colleges and universities for Collector.

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