Senior Impaired Debt Specialist

• This is an in-office be located in Marshall, MN, Devils Lake, ND, West Fargo, ND or Chandler, AZ.
• Paralegal experience and licensing strongly preferred.

At Western, “what” you know is important, but not as important as how you relate to teammates and customers. Our environment is based on the principles of respect, curiosity, creativity, individual empowerment, and the ability to listen effectively and communicate openly. We also believe in continual learning, bias toward action, keeping commitments, and doing our absolute best every day. We believe that our ability to deliver on our promise is a result of these high standards.

The Senior Impaired Debt Specialist is responsible to ensure organizational delinquency and net charge-offs are at or below targeted levels. The Senior Impaired Debt Specialist will effectively transition a customer from high-level past due status to current status by working with the customer and the VP of Collections & Asset Management to develop strategies to mitigate the risks associated with an ongoing delinquent account. Position is responsible for the management of defaulted and charged off accounts and the engagement of legal counsel when recommended to and approved by the VP of Collections & Asset Management. The Senior Impaired Debt Specialist will assist in creating a work environment that supports engagement, innovation, creativity, and teamwork, consistent with the organization’s vision, core values, and team guidelines.

Duties & Responsibilities

As a member of the Special Asset Group (“SAG”), this position will collaborate with the team and a network of attorneys throughout the country as well as customers to identify their business status and work to an acceptable resolution for delinquencies. Further, this position will:

• File Proof of Claims in Bankruptcy
• Help to draft and review legal documents
• Perform day-to-day activities that ensure effective account management of delinquent accounts.
• Manage the collection of delinquent accounts following established policies and procedures, collaborating with members of the SAG team to solicit support, input and assistance when needed.
• Identify potential impaired accounts, formulate resolution strategies and effectively communicate such accounts and strategies to management. Advise management of impaired accounts with performance issues and recommend account downgrades when appropriate.
• Coordinate and work with internal and external resources to accelerate the collection process, organize repossession activities, and engage legal counsel or initiate action when deemed necessary.
• Other duties and responsibilities as needed or assigned.

Paralegal certification strongly preferred. Experience understanding and drafting legal documents preferred. Associate’s degree or two-year college equivalent in Business, Finance, or Liberal Arts program required. Four years credit and/or collection experience required.

Starting Salary Range: $65,280.00 - $97,920.00 per year. This is an exempt position.

Note: This range represents our good-faith estimate for the position at the time of posting. Actual compensation will depend on factors such as skills, experience, and qualifications.

This is a full-time position with benefits.

Benefits and Other Compensation:

As part of your employment with Western State Agency, you will be eligible for a comprehensive benefits package, which includes:

• Health Benefits: Medical, dental, and vision insurance
• Retirement Benefits: 401(k), ESOP participation
• Paid Time Off (PTO): PTO, sick leave, and holidays
• Other Benefits: life insurance, employee assistance programs, professional development opportunities, wellness programs, educational assistance.

We are interested in every qualified candidate who is eligible to work in the United States. However, we are not able to provide sponsorship for visa status. In compliance with federal law, all persons hired will be required to verify identity and eligibility to work in the United States and to complete the required employment eligibility verification form upon hire.

Western Equipment Finance is an EEO and Affirmative Action Employer.