What are the responsibilities and job description for the Loss Mitigation Administrator position at United Nations Federal Credit Union?
Why join this team
Safeguard UNFCU’s assets by addressing early-stage delinquencies and reducing future defaults through negotiating payment plans and credit options with departing members. Serve as a liaison with UNFCU attorneys on bankruptcy matters. Handle administrative processes related to loan payment relief, bankruptcy notifications, deceased accounts, disability insurance claims, negative share accounts, charged-off accounts, credit bureau reporting, and other related duties as needed.
This position is hybrid.
NYC Salary Range - $70,430 – $75,000 annually; compensation is commensurate to geographic location.
What you'll do
- Regardless of seniority or role, uphold UNFCU’s mission, core values, and guiding principles by providing an exceptional service experience to colleagues and members alike through consistent demonstration of our service excellence behaviors
- Review, log, and respond to all UN Payroll Clearance requests and monitor payroll allocations; ensure notifications are generated and emailed to all separating members indebted to UNFCU; negotiate future payment arrangements and credit line availability with separating members; monitor accounts and UNFCU general ledger for final entitlements
- Process final entitlements received from UN agencies and apply payments to member loan accounts
- Review and process deferments, payment changes, and disability payments (including deceased accounts)
- Monitor and manage negative share accounts, charge-offs, and credit reporting
- Submit and track disability insurance claims through ClaimVantage
- Assign accounts to third-party collection agencies/law firms and apply collected payments
- Review bankruptcy cases, prepare documentation, liaise with attorneys, and update systems accordingly
- Maintain records in collection systems, manage account restrictions, and perform recovery of written-off loans
- Provide member support, prepare reports, handle communications, collaborate across teams, and support additional duties
What we're seeking
- High school diploma or equivalent
- 3 years of experience focused on the control and prevention of delinquency in a financial services environment with administrative responsibilities
- Knowledge of CFPB and FDCPA
- Working knowledge of collection procedures, the bankruptcy code and all applicable regulations
- Strong Microsoft Office skills, especially Excel
- Experience with Fiserv DNA is a plus
- Ability to extract, manipulate, and interpret data from various systems
Strong organizational skills with the ability to prioritize tasks and manage relationships across all levels
Sound problem-solving, decision-making, and negotiation skills
What makes you stand out
- Strong proficiency in Microsoft Office, particularly Excel
- Experience with Fiserv DNA is a plus
- Excellent multitasking abilities
Who we are
UNFCU is a global not-for-profit financial institution that serves the UN community. We are committed to providing peace of mind to our members and colleagues and strive to achieve service excellence in all that we do. The best part of UNFCU is the people. Those that choose to work with us often find personal fulfillment, professional growth and a purposeful culture.
UNFCU is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees. UNFCU prohibits discrimination and harassment of any type. All applicants will be considered for employment without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by country, federal, state or local laws.
Salary : $70,430 - $75,000