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We are Addition Financial , a member-owned, not-for-profit financial cooperative, offering comprehensive financial solutions that help members achieve their financial goals. Shareholder profits don't drive us and never have. Since 1937, we've been on a mission to bring financial success and education to everyone and make a positive impact in the lives of our members and the communities we serve. And we want your help to make that happen. We're looking for people who not only want to do meaningful, challenging work, but who also have a heart for service. If this sounds like you, keep reading and we'll dive into the specifics!

SUMMARY :

Notifies or locates borrowers with delinquent accounts and attempts to secure payment by performing the following duties. Participates in maintaining a financially sound loan portfolio through early delinquency control. Methods to accomplish this include (but are not limited to) : phone calls, text messages, collection letters, and in person interviews. Recommends further action on accounts as deemed necessary including, but not limited to repossession, legal action, foreclosure, and referral to a collection agency.

ESSENTIAL DUTIES AND RESPONSIBILITIES

• Daily, work delinquency queue. Makes early contact with delinquent members to determine the reason and to negotiate a successful payment arrangement, sends letters, and offset payments when available.
• Follow-ups on all delinquent accounts to ensure payment arrangements are made. Develops payment plans and collects overdue accounts whenever possible. Recommends further action as deemed necessary (i.e. repossession, legal action, foreclosure, recommend charging off).
• Performs thorough skip tracing on delinquent accounts as needed.
• Ensure compliance with all applicable Credit Union policies, procedures, and state and federal regulations.
• Maintains accurate data on all delinquent accounts, including initial documentation of repossessions, and charged off accounts.
• Documents all collection activity, including 3rd party collection activity and telephone / text message conversations and alternative financial arrangements.
• Posts collected payment to member's accounts.
• Troubleshoots and resolves member inquiries in a timely and accurate manner. Research automatic payment methods, stops, starts, and changes as they may affect the status of a loan.
• Work and recommend loans for charge offs that are in the queue, monitor shares for charge off, and as assigned in compliance with the credit union's charge off policy.
• Work as a team within the department to meet the overall credit union's goals for charge off / delinquency ratios.
• Must comply with all company policies and procedures, applicable laws, and regulations, including but not limited to the Bank Secrecy Act, the Patriot Act, and the Office of Foreign Assets Control.
• Any other task / duties assigned by supervisor.

Requirements

KNOWLEDGE, SKILLS, AND ABILITIES :

Persistent in following standard collection practices, accurately recording collection activity and file information, and maintaining a professional and positive attitude towards delinquent borrowers, and the job of collections.

Education :

Experience :

Systems Knowledge :

Working With Us :

We’re continually recognized as a top employer because we understand people like you want more out of your career. Like making a difference in people’s lives and in the community. Being part of a team that supports each other. Feeling good about the time you spend at work each day. And being able to balance your life while also earning a competitive base salary and benefits, including :

At Addition Financial, we accept you for who you are. We are an equal opportunity employer and do not discriminate based on race, color, creed, religion, national origin, sex, marital status, age, or disability / handicap with regards to recruitment, selection, placement, promotion, wages, benefits, and any other areas of employment. Personal perspectives and beliefs are what helps our team members, and our company, grow as a whole and we seek to nurture that inclusiveness. We welcome our team member’s diverse viewpoints and work together so that everyone’s voices are heard. So, if you’re ready to take your career to the next level, Count Us In®.

Equal Opportunity Employer / Protected Veterans / Individuals with Disabilities

This employer is required to notify all applicants of their rights pursuant to federal employment laws.

For further information, please review the Know Your Rights notice from the Department of Labor.