Asset Recovery Assistant

Description

JOB SUMMARY:  This position provides support in facilitating all asset recovery efforts of the bank including repossession of personal property, foreclosure of real property, facilitating maintenance of bank owned property, payment arrangements, small claims proceedings, and obtaining and continuing money judgments and garnishments on charged off and delinquent accounts.

ESSENTIAL JOB FUNCTIONS:

• Facilitate repossessions efforts on vehicles, including communication with loan officers, initiation request to repo agent, notification to customer, identification of collateral values, filing VSI claims, removal of personal belongings, preparing credit memos, maintaining files, obtaining titles, sale of vehicles, and processing of sale transaction.
• Facilitate repossession and liquidation of other personal property as necessary, which may include equipment, inventory, livestock, etc.
• Maintain and secure real and personal property preparing condition reports for new acquisitions, identifying and facilitating any necessary repairs/upkeep, addressing city ordinances, winterizing properties, and inspecting on a regular basis.
• Identify utility companies servicing real properties; set up and redirect billing and or any communication to the bank.
• Prepare affidavits to initiate small claims court cases and facilitate attendance at hearings; ensure follow-up judgments and garnishments are filed as necessary.
• Schedule and track payment arrangements on charged off and delinquent accounts.
• Monitor active Bankruptcy filings to include preparing proofs of claims, obtaining reaffirmation agreements, facilitating attendance at meetings of creditors, researching repayment plans, processing payments, coordinating with bankruptcy attorneys and bankruptcy trustee.
• Maintain documentation on collection activity and expense ledgers for collection accounts.
• Skip trace customers for collection purposes.
• Identify collection opportunities and research for borrower location and employment to initiate recovery efforts.
• Maintain incentive program encouraging front line employees to recognize collection opportunities to recover bank losses including ongoing communication, providing training, tracking recoveries, etc.
• Communicate with attorneys regarding active legal, recovery, and collection efforts.
• Serve as back-up to other Loan Administration positions.
• Requires regular travel to other areas.
• Must be able to meet attendance and punctuality standards.
• Effectively work and cooperate with supervisors, co-workers and customers.
• Follow the direction of the supervisor.

ADDITIONAL RESPONSIBILITIES:

• Perform other duties and projects as required by management.

MINIMUM QUALIFICATIONS FOR CONSIDERATION:

• High school diploma or equivalent. 
• Previous banking, in lending-related area, preferred.
• Bookkeeping, clerical experience including filing, letter writing, etc.
• Proficient computer, 10 key, and typing skills.
• Windows Applications MS Word, AS400, and Synergy.

• Strong proficiency MS Excel.

KNOWLEDGE, SKILLS, AND ABILITIES:

• Strong verbal, written, communication and telephone skills.
• Strong interpersonal skills: able to work well with a wide range of people.
• Strong organizational and time management skills.
• Demonstrate dependability through good attendance and adherence to timelines and schedules.
• Strong follow through on projects and deliverables.
• Strong analytical skills.
• Strong problem-solving skills and customer service.

• Demonstrate resourcefulness and ability to take initiative in development and completion of projects.
• Ability to function with minimal supervision.

PHYSICAL REQUIREMENTS:

This work is sedentary and requires the following physical activities:

• Sitting for long periods of time; occasional bending, squatting, kneeling, stooping; good finger dexterity and feeling; frequent repetitive motions; talking, hearing, and visual acuity.
• Possible driving to various banking centers or other bank properties, seminar locations, and other sites as needed.
• Frequent lifting up to 25 pounds of bank property, paper supplies or minor office equipment, etc.

WORKING CONDITIONS:

• Possible local area travel to storage facility, court house, and possibly other markets.
• Normal office environment.

NOTE:  The above statements are intended to describe the general nature and level of work performed by an employee in this position.  These statements are not to be construed as an exhaustive list of all responsibilities, duties, and skills required of employees in this position.

First Bank & Trust Co. is an Equal Opportunity Employer and is committed to providing an environment free of harassment and discrimination. We do not discriminate on the basis of race, religion, color, national origin, sex, age, marital status veteran status, disability status, pregnancy status, parental status, political affiliation, or any other status protected by law. If you are a qualified individual with a disability or a disabled veteran, you may request a reasonable accommodation if you are unable or limited in your ability to access job openings or apply for a job on this site as a result of your disability. You can request reasonable accommodations by contacting Human Resources or calling 580-255-1810

Qualifications