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TENNESSEE VALLEY FEDERAL CREDIT UNI
Chattanooga, TN | Intern
$36k-45k (estimate)
2 Weeks Ago
Collections Intern
$36k-45k (estimate)
Intern 2 Weeks Ago
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TENNESSEE VALLEY FEDERAL CREDIT UNI is Hiring a Collections Intern Near Chattanooga, TN

Job Details

Level: Entry
Job Location: Corporate Headquarters - Chattanooga, TN
Position Type: Seasonal
Salary Range: Undisclosed
Job Category: Banking

Description

JOB SUMMARY:

The primary goal of the Collections Intern will be to introduce students to the process of handling delinquent accounts through hands-on experience, learning the differences in basic accounting practices within the credit union industry; while also helping the Collections team with various tasks to ensure success within the department. This will be accomplished by job shadowing, assisting with various tasks, reviewing documents, and performing assigned projects. 

ESSENTIAL DUTIES AND RESPONSIBILITIES:

  • Assist with delinquency tracking and reporting, including analyzing delinquency trends.
  • Support Collections Specialists in member communications regarding delinquent accounts, payment arrangements, and settlement negotiations.
  • Assist in maintaining accurate and detailed records of collections activities and member interactions.
  • Aid in the coordination of repossession activities for delinquent secured loans, working with external agencies and legal counsel as needed.
  • Assist in processing bankruptcy filings and supporting documentation.
  • Collaborate with the Loss Mitigation team to identify and implement strategies to minimize loan delinquencies.
  • Provide administrative support to the Collections Department, including filing, data entry, and document management.
  • Participate in training sessions and department meetings to gain insight into collections best practices and regulatory requirements.
  • Maintain knowledge of branch operations by completing Deposit Regulation and Product and Service Certification courses.
  • Proactively demonstrate the TVFCU core values of integrity, honesty, flexibility, teamwork, leadership, accountability and strong relationships in every interaction with members.
  • Perform other duties as assigned.

Qualifications


EDUCATIONAL AND WORK EXPERIENCE REQUIREMENTS:

The TVFCU Internship Program is primarily aimed toward minority students pursuing an undergraduate degree and considering careers in business, economics, finance, accounting, marketing, information technology, human resources, and other related disciplines. This internship supports TVFCUs goal of introducing and increasing opportunities in financial service careers for diverse candidates.

  • Candidates must be 18 years of age
  • Must be a U.S. citizen or permanent resident
  • Minimum 2.75 GPA on a 4.0 scale (must provide transcripts)
  • Currently enrolled in an accredited college or university
  • Rising sophomores, juniors, and seniors working toward a Bachelor's degree in Business or a related field
  • Ability to work part-time or full-time hours for the summer (25-40 hours/week, generally 8am-5pm Monday-Friday)
  • Able to commit to the full internship of 10 weeks (weekends may be required)

If you are considered for an offer of employment at TVFCU, you must successfully complete a pre-employment screen that includes:

  • Verification of education, employment and other pertinent data included on your employment application, and eligibility to work in United States.
  • Criminal background check and drug screening.
  • Pre-employment credit check required

Pre-employment screening helps TVFCU provide a safe environment for our members and employees, minimize risk, and ensure federal compliance.

Job Summary

JOB TYPE

Intern

SALARY

$36k-45k (estimate)

POST DATE

04/15/2024

EXPIRATION DATE

05/31/2024

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The job skills required for Collections Intern include Accounting, Products and Services, Integrity, Bankruptcy, Leadership, Data Entry, etc. Having related job skills and expertise will give you an advantage when applying to be a Collections Intern. That makes you unique and can impact how much salary you can get paid. Below are job openings related to skills required by Collections Intern. 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 Collections Intern positions, which can be used as a reference in future career path planning. As a Collections Intern, it can be promoted into senior positions as a Collections Representative III that are expected to handle more key tasks, people in this role will get a higher salary paid than an ordinary Collections Intern. You can explore the career advancement for a Collections Intern below and select your interested title to get hiring information.