What are the responsibilities and job description for the Resolutions Specialist position at Case Credit Union and Careers?
Responsible for performing resolution activities associated with delinquent and charged off member accounts and loans, including VISA credit and debit cards, lines of credit, secured loans, signature loans, real estate loans, and home equity lines of credit. Review delinquent and charged off accounts, determines the Credit Union’s position and, as circumstances indicate, directs and assists legal counsel in resolution proceedings. Assists in fraud and bond claims when requested by management. Ensures that the Credit Union’s professional image is maintained.
ESSENTIAL FUNCTIONS AND BASIC DUTIES
- Assumes responsibility for the effective and professional performance of resolution functions.
- Utilizes effective human relations’ skills and various forms of persuasion to present a positive Credit Union image in an already negative situation. Answers member questions and complaints relevant to Department functions. Determines Credit Union position in legal proceedings and works to minimize losses.
- Uses experience and knowledge of Credit Union loan policies, procedures and documentation to review member’s files in order to establish effectiveness of resolution proceedings.
- Works toward prompt resolution of negative and delinquent accounts through negotiations with member.
- Initiates small claims proceedings when appropriate
- Represents the credit union in small claims proceedings when necessary.
- Prepares reports as requested by department manager.
- Performs resolutions efforts in accordance with Credit Union policies and procedures and ensures they are legally compliant.
- Assumes responsibility for efficient administration of resolutions activities.
- Keeps accurate and up-to-date activity reports on assigned accounts and/or loan delinquencies.
- Documents all resolution actions taken, including telephone conversations, alternative financial arrangements, and correspondence.
- Researches negative share accounts that appear on negative reports to ensure that Credit Union errors are detected promptly. Provides members the opportunity to fully explain their negative status.
- Responsible for managing the maintenance, repair and security of repossessed properties, as directed and approved by management. Responsible for collateral repossessions, and the disposition of repossessed Credit Union assets.
- Assumes responsibility for ensuring that professional business relations are established and maintained with Credit Union members and all other professionals.
- Maintains the Credit Union’s professional reputation throughout resolution operations and in all contacts with members, legal counsel, outside agencies and all other outside professionals.
- Works with negative or delinquent borrowers to reach suitable arrangements to restore accounts to current status. Utilizes effective human relations skills and persuasion to calm irate members and resolve negative situations. Discusses possible financial arrangements, informs members of possible legal actions, and provides or suggests financial counseling as means to arrive at suitable payment arrangements.
- Maintains confidentiality.
- Develops contacts with local authorities, Tri County loss prevention and MACI members to effectively minimize Credit Union Losses.
- Assumes responsibility for establishing and maintaining effective communications and coordination with Credit Union personnel.
- Assist area personnel as needed.
- Keeps management informed of activities, progress attained toward established objectives, and of any significant problems.
- Attends and participates in meetings as required.
- Assumes responsibility for related duties as required or assigned.
- Stays informed of changes in resolution policies, procedures, and related legal requirements.
- Ensures that work area is clean, secure and well maintained.
PERFORMANCE MEASUREMENTS
- Delinquent and negative accounts and/or loans are closely monitored and reviewed.
- Appropriate resolutions actions instituted are in accordance with established Credit Union policies and are legally compliant. Legal actions are closely supervised and directed.
- Delinquent and Charge off accounts and/or loans are promptly evaluated for the most cost-effective recovery. A recovery goal, which meets with management standards, is maintained.
- Professional business relations exist with members and all outside professional contacts. All member questions are courteously answered.
- Effective working relations and coordination exist with Credit Union legal counsel.
- Required reports and records are accurate and timely.
- Good working relations exist with area personnel and with management. Management is appropriately informed of area activities. Collectors are supported and directed as needed.
QUALIFICATIONS
EDUCATION/CERTIFICATION: High school graduate or equivalent.
Additional business training strongly preferred.
REQUIRED KNOWLEDGE: General knowledge of resolution procedures, skip tracing and related laws and regulations.
Understanding of Credit Union loan products and policies.
Familiar with deposit programs and account ownership.
EXPERIENCE REQUIRED: None
SKILLS/ABILITIES: Accuracy and thoroughness in work.
Ability to manage multiple tasks and assignments.
Excellent communication, telephone, and public relations skills.
Ability to work well independently.
Ability to work well in stressful situations.
Ability to operate related computer applications and other business.
CASE Credit Union was chartered on February 19, 1936, to serve Lansing area teachers and administrators as Lansing Teachers Credit Union. From operating within Lansing High School with 180 members, today, over 85 years later, we serve a membership of over 45,000 members and operate five branches throughout the Greater Lansing area, while controlling over $384 million in assets. We pride ourselves on living our mission of assisting members and employees to achieve financial success through service that is superior, convenient, and easy to use. CASE is a Community Development Credit Union (CDCU). A CDCU is a credit union with a mission of serving low and moderate-income people and communities.
CASE prides itself on having a culture focused on diversity and inclusion, reflected in having received the 2020 Lansing Area Economic Partnership (LEAP) Diversity award. Additionally, at CASE Credit Union, we’re committed to hiring the best and brightest. Just as we are dedicated to helping our members achieve success, we are dedicated to helping our employees grow and thrive. That’s why we are proud to offer a team-oriented working environment, with competitive salaries and benefits, and countless opportunities for growth and advancement. CASE Credit Union offers affordable medical, dental, and vision and provides disability insurance and life insurance to our employees at no cost to them. We also provide tuition reimbursement for those who desire to continue their education while working with us. Come work with CASE Credit Union and experience exciting career opportunities in the financial industry.
sbLjQ8LDHT