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1 Repossession and Vehicle Remarketing Coordinator Job in Upper Marlboro, MD

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NASA Federal Credit Union
Upper Marlboro, MD | Full Time
$76k-95k (estimate)
3 Months Ago
Repossession and Vehicle Remarketing Coordinator
NASA Federal Credit Union Upper Marlboro, MD
$76k-95k (estimate)
Full Time 3 Months Ago
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NASA Federal Credit Union is Hiring a Repossession and Vehicle Remarketing Coordinator Near Upper Marlboro, MD

NASA Federal Credit Union is in search of a Repossessions and Remarketing Coordinator with a thorough knowledge of the Credit Union collection policies and procedures, as well as specific knowledge of state and local repossession, legal and force placed insurance laws. 

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Essential Duties and Responsibilities: include the following with other duties as assigned.

  • Remains cognizant of and adheres to Credit Union policies and procedures, and regulations pertaining to the Bank Secrecy Act.
  • Maintains professional relationships with vendors and ensures they adhere to specific standards & guidelines.
  • Manages Repossession and Remarketing process.
  • Places vehicles for repossession with approved agencies.
  • Follows appropriate state guidelines on repossession of vehicles - Including proper notification.
  • Monitor the progression of the repossession status with assigned repossession agency.
  • Skip trace as necessary or use outside agencies when appropriate.
  • Manage return vehicle process for redemptions and reinstatements.
  • Determines transportation logistics.
  • Coordinates inspection & title conversion process.
  • Manages online & physical auction sales.
  • Sets floor price for vehicle based on condition of vehicle and current market trends.
  • Negotiates “if bids” and approves final sales price within established authority.
  • Allocates/Processes proceeds of sale.
  • Manages the Collateral Protection Insurance (CPI) process.
  • Works with CPI vendor on claims with collateral protection insurance.
  • Files loss and collateral skip claims.
  • Review claims and adjuster reports for accuracy.
  • Process claims payments & send disposition letters.
  • Maintains assigned Legal matters.
  • Prepares files for referral to attorneys.
  • Recommends judgment collection remedies.
  • Attends court hearings, mediation, and settlement conferences.
  • Review settlement requests and negotiate payment plans.
  • Allocate/Process payments.
  • Review legal invoices and prepare for approval.
  • Manage all timelines consistent with Credit Union policy.
  • Manage the Repossession phone queue to maintain a maximum average of 5% or less telephone abandoned rate per day.
Education and Experience:
  • Associate degree (A. A.) or equivalent preferred.
  • Must have proven high-level Collections experience.
  • Requires a basic understanding of bankruptcy law and its relation to auto repossessions.
Our generous benefit package includes:
  • $62,400 - $70,720 / Annually
  • 401(k) match to 6% of earnings – immediate enrollment and 100% vesting
  • Choice of two health plans
  • Dental 
  • Vision
  • Life Insurance – no cost
  • Long-term Disability Insurance – no cost
  • Employee Assistance Program – no cost
  • Paid vacation 
  • Paid sick time
  • 11 Paid holidays
  • Profit Sharing eligible
  • Pet Insurance
  • Identity Theft Protection
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Job Summary

JOB TYPE

Full Time

SALARY

$76k-95k (estimate)

POST DATE

02/03/2024

EXPIRATION DATE

05/05/2024