What are the responsibilities and job description for the Collections Counselor position at AmFirst?
Role: To preserve the Credit Union's assets by controlling delinquent loan accounts, collecting delinquent loan payments, negative account balances and/or recovering collateral.
Essential Functions & Responsibilities:
- Contacts delinquent/overdrawn accounts by phone and mail; takes appropriate action to correct the delinquency or negative balance.
- Analyzes financial condition of delinquent borrowers; makes recommendations for extension agreements, payment modifications, and workout loans when applicable.
- Assists members and credit union employees with their telephone requests; answers questions about delinquent accounts that are within their authority to resolve; refers problems that are beyond their authority to their supervisor, along with their recommendations.
- Ensures the appropriate records are maintained, and required reports are prepared on all collection activity including current delinquency and charged off accounts.
- Performs clerical duties to support the Collection Department Staff which includes research, file maintenance, payments postings, and acting as a liaison between member, credit union, and collateral protection insurance company.
- Informs management of trends in loan underwriting contributing to delinquent/charged-off loans.
- Performs other job-related duties as assigned.
Performance Measurements:
- Maximize the collection and/or recovery of credit union assets from delinquent and charged-off accounts.
- Maintain accurate and complete records of all collection and recovery activity.
- Adhere to provisions as set forth in the Fair Debt Collection Practices Act (FDCPA) and ensure collection activity is always within Credit Union policy and all relevant regulations.
- Identify and inform management of potential underwriting problems.
- Provide informed, professional, and accurate service and support to all members and employees.
Knowledge and Skills:
Experience - One year to three years of similar or related experience.
Education - A high school education or GED
Interpersonal Skills - Work involves much personal contact with others inside and/or outside the organization for the purpose of first-level conflict resolution, building relationships, and soliciting cooperation. Discussions involve a higher degree of confidentiality and discretion, requiring diplomacy and tact in communication.
Other Skills - Must have excellent communication skills and versatility in collection techniques in order to obtain the desired collection results. Must possess good organizational skills. Must exhibit good decision-making skills and be able to provide support to other position within the department.
Physical Requirements - Light lifting required.