Pawn Broker/Sales Associate

Plus a VERY competitive commission bonus on top of hourly pay!

Job description

Pawnbroker Job Description:

Pawnbrokers provide short-term loans to customers in exchange for valuable items such as jewelry, electronics, musical instruments, and many items. In this role, pawnbrokers estimate an item’s value based on retail prices or market values of precious metals or stones, offering customers cash while holding the items as collateral. In many cases, pawnbrokers also handle retail sales of items that customers did not return to collect or sold outright.

This position requires excellent customer service skills as well as the ability to successfully evaluate items and estimate resale value. Pawnbrokers also need to stay informed about laws regarding their businesses, maintain detailed records of items and transactions, merchandise items for sale, general cleanliness of shop and shop property, and most of all provide great customer service.

Pawnbroker Duties and Responsibilities

Evaluate Pawned and Pledged Items-

One of the main duties of a pawnbroker is estimating the value of pawned or pledged items, which can include jewelry, electronics and cameras, instruments, and collectible items. This requires extensive familiarity with the market values of these items, along with the ability to quickly make judgments about an item’s condition and resale potential. Pawnbrokers may use scales and jewelers’ loupes to closely examine some items brought in by customers.

Issue Cash Loans to Customers-

Pawnbrokers use the value of items to determine customer loan amounts, holding the customer’s items as collateral. In determining loan offers, the pawnbroker determines the amount of the offer as well as loan terms and payment dates. The pawnbroker also provides a receipt and written contract outlining the loan terms and the customer’s options to recover their item or extend the terms of their lease.

Sell Uncollected Items to Customers-

If a customer does not redeem their item at the end of their loan term, then the pawnbroker prepares that item for retail sale. The pawnbroker compares retail prices of similar items and prices incoming customer goods appropriately. In some cases, a pawnbroker may list an item on a site like eBay if they believe the item will fetch a higher value there than in the store. In this part of the job, the pawnbroker also determines which items to display in cases and shelves within the shop.

Maintain Pawn Shop Records-

Pawnbrokers support shop activities by maintaining detailed records of transactions. These records can include items received by customers, outstanding loans with upcoming due dates, interest records for customers who extended the terms of their loans, and detailed sales reports. These records ensure that the pawn shop maintains detailed and complete inventory records, manages cash flow and outstanding payments, and is able to account for items sold and received.

Be Willing To Learn-

As a pawnbroker you may handle a piece of jewelry one transaction, start a weed eater the next and finish the hour with loaning on a game console. Diversity is the name of the game and it keeps your job interesting as it will forever allow you to learn something new or build on knowledge you already have.

General Cleaning-

This job is with a small business, we all do our part to ensure the building is maintained and cleaned daily. We strive to give our customers the best experience from prices to cleanliness.

Job Types: Full-time, Part-time

Pay: $13-$16 depending on experience, plus monthly commission bonus

Job Type: Full-time

Pay: $12.00 - $16.00 per hour

Expected hours: 40 per week

Benefits:

• 401(k)
• 401(k) matching
• Dental insurance
• Employee discount
• Health insurance
• Paid time off
• Vision insurance

Shift:

• 10 hour shift

Language:

• Spanish (Preferred)

Ability to Commute:

• Hammond, LA 70401 (Preferred)

Work Location: In person