Senior Assistant Director, Collections & Loans

Senior Assistant Director For Collections And Loans

Position Summary : The Senior Assistant Director for Collections and Loans is responsible for delinquency management services preventing past due accounts from reaching bad debt status. This position will manage student payment plans for past due accounts internal and external with third party vendors. The Senior Assistant Director for Collections and Loans works closely with the Bursar | Director of Student Accounts, Budget and Finance, other university partners, and outside agencies to ensure internal recovery efforts are successful. The Senior Assistant Director will perform collections reporting, and analytics, maximize collection strategy and efforts ensuring receivables are maintained and within established metric goals. The Senior Assistant Director for Collections and Loans is also responsible for all credit and collection activities relating to student accounts including Federal Perkins, Massachusetts No Interest (MNIL), and Institutional Loans.

Under the supervision of the Bursar | Director of Student Accounts, the Senior Assistant Director for Collections and Loans is responsible for the college's past due accounts receivable, internal recovery efforts for the collection of all past due student accounts, and the collection of loans, including sending past due follow-up inquiries, negotiating with past due accounts and referring accounts to collection agencies. This also includes focusing on achieving revenue recovery goals while delivering excellent customer service to ensure customer satisfaction and retention.

Essential Functions :

• Send and monitor delinquent accounts between college and collection agencies
• Formulate, recommend, and implement changes to policy or procedure for a more streamlined collections process
• Maintain documentation to assist agencies in the collection of outstanding accounts
• Manage student outreach plan to ensure students are appropriately informed of account information, clarify delinquent balances, explain financial obligations and past due payment plan terms
• Adheres to rules and guidelines surrounding collections activities, Fair Debt Collections Practices Act (FDCPA), and internal applicable policies and procedures
• Acts as a liaison between the university and outside loan servicing company (Federal Perkins Loans and Institutional Loans)
• Responsible for past due balance payment plan setup and collection of overdue accounts
• Provide backup for collection agency liaison for litigation and delinquent accounts
• Assists with alternative loan certifications in partnership with the Financial Aid Office
• Manages and oversees Massachusetts No Interest Loan (MNIL) program
• Manage and generate yearly tax 1098T forms for student population
• Serves as back up to the Associate Director (cashier functions)
• Other duties that may be assigned

Required Qualifications :

Excellent written and verbal communication skills

Negotiation Skills :

Strong organizational skills with the ability to prioritize tasks effectively

Attention to Detail :

Work Environment : Professional office environment

This job operates in a professional office and is eligible for hybrid work. A minimum of 3 days of on-campus work is required for this role. Actual schedule is subject to change based on departmental needs.

This role routinely uses standard office equipment such as computers, phones, photocopiers, filing cabinets and fax machines.

While performing the duties of this job, the employee is regularly required to talk or hear. The employee frequently is required to stand; walk; use hands to finger, handle or feel; and reach with hands and arms.

Attendance at training or conferences once or twice a year.

Inclusive Excellence at Wentworth

Inclusive Excellence is one of the four pillars of the Strategic Plan. Actively and intentionally cultivating a diverse and culturally competent institution where each member has the opportunity and support to reach their full potential and make contributions to our campus community and beyond is Inclusive Excellence at Wentworth.

To find out more about the Wentworth's commitment to Inclusive Excellence, please visit the website https : / / wit.edu / about / inclusive-excellence.

All applicants have the right to accessibility support and accommodations. To request accessibility support or accommodations, contact the Executive Director of Equity and Compliance, Catlin Wells, at wellsc1@wit.edu.

E-Verify for Employment Eligibility Verification (Form I-9)

Wentworth participates in E-Verify. E-Verify is an internet-based system that compares information from your Form I-9 to records available to the U.S. Department of Homeland Security (DHS) and Social Security Administration (SSA) to confirm that you are authorized to work in the United States.