What are the responsibilities and job description for the Collections Specialist position at Northern Bank?
SUMMARY/OBJECTIVE:
The Collections Specialist is responsible for overseeing the collections of commercial, residential and consumer loans.
ESSENTIAL FUNCTIONS:
The Collections Specialist is responsible for overseeing the collections of commercial, residential and consumer loans.
ESSENTIAL FUNCTIONS:
- Manage the collection activities for commercial, consumer and residential loans by reviewing the past due report/contacting borrowers
- Coordinate collections efforts with Commercial Loan Officers for commercial past due loans
- Maintain accurate records of all collection efforts and customer contacts.
- Adhere to regulatory and compliance guidelines in place associated with collections
- Assist in audits for the commercial, residential and consumer areas associated with collections and other areas as needed
- Monitor upcoming maturities and matured loans for payment processing
- Respond to credit bureau disputes and update directly through e-Oscar or via the core system
- Monitor daily maintenance reports from the core system for accuracy
- Manage Bankruptcy tracking for consumer and commercial loans
- Assist with customer inquiries as needed
- 1-3 years’ experience in the lending area of a bank
- Business Degree or related field preferred
- Technical proficiency
- Excellent communication, interpersonal, and organizational skills
- Ability to prioritize workflow and succeed in a multitasking environment
- Ability to work independently and within a team
Salary : $25 - $40