Remote Consumer Lending Collector – To $60K – Job # 3170

Who We Are

The Symicor Group is a boutique talent acquisition firm based in Lincolnshire, IL & Rockport, TX. Our nationally unique value proposition centers around providing the very best available banking and accounting talent. In fact, most of our recruiters are former bankers or accountants themselves!

We know how to evaluate the very best banking and accounting talent available in the market. Whether you are a candidate seeking a new opportunity or a bank or company president trying to fill an essential position, The Symicor Group stands ready to deliver premium results for you.

The Position

Our New York community bank client is seeking to fill a Remote Consumer Lending Collector role. The selected candidate will be responsible for Assessing the risk of lending activity, and offset risk by ensuring the recovery of funds using collection letters, calls, and skip tracing to resolve delinquent accounts and mitigate losses in order to contribute to the financial soundness.

The position includes a generous salary of up to $60K and an excellent benefits program. (This is a remote position).

Consumer Lending Collector responsibilities include:

  • Manage delinquency by working accounts in the assigned queue in LMS daily to reduce delinquency and apply funds to delinquent accounts; determine the need for repossession and make appropriate recommendations to the manager; utilize online collection systems and document all collection efforts and telephone calls; remove limits and/or place blocks on Visas and Lines of  Credit; and update Visa default rates. 
  • Analyze member account portfolios and prioritize delinquent accounts; recommend accounts to be referred to attorneys and monitor collection activity; monitor payroll allocations. 
  • Communicate with members to notify them of past due loan payments in order to control delinquencies. 
  • Notify members of their financial responsibilities related to the disposal of collateral. ∙ Negotiate and make recommendations regarding loan workouts, deferments, and payment reductions; advise members on financial and debt management, instruct members on how to regain financial soundness while reducing debt and in maintaining a good credit history, and explain the implications of bankruptcy filing. 
  • Determine the need for repossession and make recommendations to the manager based on the cost of legal proceedings, degree of delinquency, and members’ willingness to pay. 
  • Provide courteous and professional service to the bank’s staff and members, and respond to member inquiries within 24 hours.  
  • Review monthly delinquency reports with the manager and make recommendations regarding charge-offs; assist in the preparation of delinquent accounts for monthly delinquency reports and various other reports related to delinquency; and maintain records of all collection activity. 
  • Skip Trace accounts when applicable if the member does not have good contact information, the account is severely delinquent, the member is unresponsive, or when the member is being referred to charge off. 
  • Other duties as needed. 

Who Are You?

You’re someone who wants to influence your own development. You’re looking for an opportunity where you can pursue your interests and your passion. Where a job title is not considered the final definition of who you are, but merely the starting point for your future.

You also bring the following skills and experience:

  • Some college coursework completed and 4 years of collections experience in a financial  institution collecting on Auto, Visa, LOC, HELOC and Mortgages 
  • Experience with FNMA and FreddieMac servicing requirements preferred 

The next step is yours. Email us your current resume along with the position you are considering to: