Collections Specialist I

Collections Specialist I ID Location : City Madison Category Collections FTE 1.0 Schedule Monday - Friday 8am-5:30pm plus occasional Saturdays from 9am-1pm Salary Grade 6 Min USD $19.13/Hr. Mid USD $23.37/Hr. Overview UW Credit Union is hiring a Collections Specialist, internally known as "Credit Solutions Specialist". If you are passionate about helping people through life's struggles, this is the role for you. You, along with the close-knit Credit Solutions team, will play a key role in minimizing loss for UW Credit Union by working with members who have fallen behind on payments, and creating realistic and achievable plans to get their finances on track. At UW Credit Union, humanity counts most. We're not here to judge. We understand that life happens. The Credit Solutions Specialist's goal is to assess each member's situation with compassion, empathy, and persistence, and craft a unique solution to fit their needs. UW Credit Union's delinquency rate runs below the industry average, thanks to our dedicated and skilled Credit Solutions team. Why work for UW Credit Union? Join one of Wisconsin's premier financial institutions, a National Top Workplace and multi-year recipient of Madison Magazine's Best Places to Work, Wisconsin State Journal's Top Workplaces, and Milwaukee Journal Sentinel's Top Workplaces to receive: 21.5+ days annual paid time off (4+ weeks) 2 weeks paid caregiver leave 2.5 weeks paid new child parental leave 2 days paid volunteer time 11 paid holidays (includes your birthday!) 401k company match of up to 5%, plus approximately 4% discretionary match Variable bonus reward Competitive Medical, Dental and Vision plans, including domestic partner eligibility Discounted bus pass and bublr/ BCycle membership Employee Assistance Program And more! Responsibilities A Day in the life of a Credit Solutions Specialist Every day will be different. Here is a snapshot: Review and collect on assigned delinquent loans by gathering background data, documenting member conversations, and ensuring required notifications are sent to members Analyze accounts to determine next steps (i.e. account type, amount owed, credit score, collateral value, etc.) Work as a team to meet specific department goals for delinquency and net charge offs Provide excellent service to UW Credit Union members through verbal and written inquiries regarding general loan questions Correspond with attorneys regarding accounts that have been sent out for legal Serve as a liaison for auto repossession agency & agents Serve as an engaged member of the Collections Team by taking ownership for and recommending change in operations to enhance productivity and improve service Qualifications These skills and experiences are essential to your success: Ability to work on-site 3 days per week. Associates degree in business or related field desired but not required. 2-3 years of experience in banking, retail, or customer service required. Call center or related experience preferred. Spanish-bilingual preferred (eligible for additional pay) Strong customer service skills and the ability to skillfully handle confrontation. Strong attention to detail. Effective organizational, decision making and interpersonal skills. Demonstrated analytical, problem-solving and system knowledge. Strong oral and written communication skills. Able to work independently, organize and prioritize work. Knowledge of the fundamentals of collections concepts and practices is desired (including the FDPCA and applicable collections laws) Knowledge of fundamental loan and deposit programs, products, concepts and practices is desired. UW Credit Union is proud to be an Equal Opportunity and Affirmative Action Employer of Minorities, Protected Veterans, Women, and individuals with Disabilities. We strive to cultivate an inclusive workplace that is home to a diverse workforce where employees at all levels model knowledge of, belief in and a commitment to cultural competence. Not ready to apply or not finding your dream job? We can recommend jobs specifically for you! Click here to stay connected.

Created: 2024-11-05