Recovery Specialist (Collections) Part Time

Are you looking to work for a fun, fast paced, hardworking, learning setting with great people in a team orientated environment?

If you are interested in helping people achieve their financial goals and making a difference in the lives of others, a credit union is a place for you. Credit unions are a great place to work as we are focused on our mission of "people helping people". Working at a credit union is fun, fulfilling and best of all, we get to make a difference in our members' lives.

At Partnership Financial Credit Union (PFCU) we have a full time position available that could be a great fit for you. If you have a knack for a fast-paced, get-it-done workplace, a passion for helping people, and enjoy working and collaborating with others, then you may want to join our team!

When you work for PFCU, you are both an employee and a member of a credit union. This means we care about your well-being just as we do our members, and you'll get to enjoy all the benefits a credit union has to offer too!

Sound enticing? Let me tell you a little bit about PFCU. First, let's talk about what a credit union is and how we are different from a bank. Credit unions are not-for-profit organizations that exist to serve their members. Like banks, credit unions accept deposits, make loans and provide a wide array of other financial services. As a member-owned and cooperative institution, a credit union provides a safe and sound place to save and borrow at reasonable rates with your best interest at heart.

With origins dating back to the 1950's, PFCU is a member-owned financial institution with offices in Morton Grove, Barrington, Des Plaines, Evanston, and Franklin Park. We remain dedicated to maintaining close, personable relationships with our members while delivering the best possible products and services. Along with CEO Mary Ann Pusateri' s long tenure of over 33 years, PFCU has many team members with over 20 years of service. Learn more about PFCU at www.mypfcu.org.

We strive to help our members achieve their financial goals. Because we're not a bank, we don't drive up profits. Instead, we focus on driving up member satisfaction through our, low loan rates, high deposit rates and low or no fee products and services.

We are looking for a Part timeRecovery Specialist to join our team in Franklin Park! This position will partner with our collections department working afternoons and Saturdays as needed.

If you are interested and would like more information, please see below to read a full description of duties and requirements.

Summary

The Recovery Specialist is responsible for the administration of all general collection duties for the Lending department. The responsibilities of the Recovery Specialist position will include communication with members on past due accounts. Must have a desire to build relationships and communicate with our members to ensure proper payments on a timely basis.
Under direct supervision of the EVP Lending, the Recovery Specialist is responsible for performing administrative tasks within the Lending Department including but not limited to preparing and filing required documents, handling bankruptcy correspondence and communication with bankruptcy courts, trustees and attorneys. This individual will also be responsible for handling Credit Bureau disputes, and third-party collection tracking.

Key Responsibilities

1.Administration and loan file maintenance. Process changes when received, review and enter in the system. Review the validity of date changes when requested to change a date on a loan.
2.AFT Exception Reporting - Download the daily Automatic Funds Transfer exception report for Lending team to work. Follow up on any transfers that show up multiple days.
3.Handle payment returns - reach out to members when their payments by ACH or check are returned.
4.Download delinquency reports - On a weekly basis download Visa and Consumer delinquency reports and save to shared files.
5.Collect on Delinquent Accounts - Collection of any and all delinquent accounts, track and collect accordingly. Correspond with members regarding overdue accounts by phone, email, fax, and mail.
6.Referrals to Collections Agency- Any uncollectable loans, not filed under bankruptcy protection, to be charged off and referred to collection agency. Upload the required information into the agency's online portal.
7.Collect on Negative Shares not protected by bankruptcy filing.
8.Maintain the core processing charge off system to reflect all loans approved for charged off are charged off in the core system.
9.Update tracking spreadsheet for 5300 report for all YTD charge offs and bankruptcies.
10.Monitor and Access any Bankruptcy filings and supporting documentation in PACER system.
11.Complete and file proof of claims forms for Bankruptcy.
12.Complete and mail all re-affirmation agreement and paperwork for bankruptcy. Original to be mailed to the filing Attorney and copy to member.
13.Record member information within Credit Union's core system regarding reason for delinquency, financial status, collection efforts or any system changes to applicable accounts.
14.Prepare and recommend files for repossession, legal, charge-off or for third party collection referral.
15.Process transactions including payments by mail and phone, mail items, levies, garnishments, and other related tasks.
16.Accurately and efficiently research transactions, process incoming returned checks and follow up on any necessary collection activities.
17.Mail notices and letters to members to encourage payment of delinquent accounts.
18.Review and manage credit report disputes and direct written disputes received by mail.
19.Supports department and manager in daily and monthly reconciliation and reporting processes.
20.Review and post hold on accounts as well as post remittances for garnishments and levy's served on member's accounts.
21.Assist in payment processing on members account from the Bankruptcy Courts and Trustee as well as payments received on Charged-off loans.
22.Ensures full compliance with loan bankruptcy regulations. Monitors accounts throughout the loan bankruptcy process and contacts appropriate party when necessary.
23.Verifies the bankruptcy is secured and acquires a copy of the proposed Chapter 13 Plan on all secured accounts.
24.Assist with the collection of Insurance Certification to ensure collateral asset is properly insured
25.Other duties as assigned.

Scope

The Recovery Specialist works under close supervision following established guidelines and procedures. This person has an operational skill set, proactive, cross functional, action orientated, self-motivated, detail and goal orientated. The Recovery Specialist works within the Lending Team and reports to the EVP, Lending. The Recovery Specialist works to grow by enhancing and deepening his/her knowledge of PFCU's financial products and services, procedures, governmental regulations, attends meetings, training opportunities, and meets or exceeds established sales goals. S/he must possess good relationship building, communication (oral and written) skills, willingness to learn and refer PFCU products and services to members on a consistent basis. Additionally, s/he must meet all required PFCU and regulatory compliance training.

Essential Skills, Knowledge and Requirements

1.High School Diploma or equivalent job-related experience providing the necessary knowledge, skills and abilities to successfully perform the responsibilities of the role.
2.Minimum of two years of related experience in banking/credit union preferred. Experience in working with and assisting others in a professional setting.
3.Excellent problem-solving, time management, organizational, analytical, interpersonal, verbal and written communication skills. The ability to multi-task, well organized, accuracy and detail orientated.
4.Expert understanding of credit union or banking products and services. This to include PFCU's full deposit and lending product line, services, policies and procedures.
5.Results driven, goal and service oriented, self-motivated and able to work independently and as part of a team. A professional demeanor, positive attitude and the willingness to advance.
6.Strong decision making and time management skills; the ability to manage multiple projects/duties.
7.Trustworthy with the ability to maintain highest level of integrity; bondable.
8.Expert in all PFCU's software applications including member and vendor facing applications. Proficiency in Microsoft Office, specifically Word, Excel and Power Point. Strong data entry skills with high accuracy.
9.Must be flexible regarding work schedule as evening hours may be necessary.

Additional Information and Requirements

The Recovery Specialist performs a major portion of his/her duties through verbal and written communications. It is critical that s/he possess the ability to communicate with clarity, while understanding and explaining complex situations to team members and outside contacts. Accuracy is essential and s/he must possess the ability to proofread documentation and correspondence to ensure free of errors. S/he will spend a good portion of the day seated at a workstation, but may also be mobile throughout the credit union for purposes of meetings, working with members and others, etc. The ability to move or lift boxes and general office equipment if needed.