Asset Recovery Specialist

KCU•Bremerton, WA

7d•$32 - $39•Hybrid

About The Position

Kitsap Credit Union is hiring a full-time hourly Asset Recovery Specialist to work hybrid out of our East Bremerton location. This position is responsible for the successful return of credit union assets by working directly with members, vendors, internal staff, and attorneys. The Asset Recovery Specialist will review, track, and analyze loans gathering all data to elevate legal liability and financial loss to the credit union.

Requirements

High School Diploma or GED.
2+ years of Special Credit (i.e., high-risk loans, problem credits) experience.
2+ years of progressive collections experience including post charge off, high risk, deficiency balances, and real estate collections.
Comprehensive knowledge of local, state, and federal regulations surrounding repossession and bankruptcy law.
Proficient in Microsoft Office applications.
Persuasive and professional verbal and written communication skills.
Ability to prioritize responsibilities, multi-task, and perform analysis on accounts.
Ability to exercise sound judgment and maintain confidentiality.

Responsibilities

Work independently and as a team with repossession and bankruptcy credits.
Oversee repossession and bankruptcy status through effective communication, regular reporting, and accurate documentation of all collection efforts.
Participate in preparing various monthly management reports.
Complete applicable repossession paperwork ensuring compliance with federal and state repossession and collection laws; this includes keeping up to date on state by state legislation.
Responsible for directing and managing the transport, maintenance, repair, sale and security of vehicle or other collateral based repossessions; may include filing claims with appropriate party’s insurance.
Act as the primary insurance claims facilitator for Collateral Protection Insurance (CPI) and ensures pricing of repossessed vehicles is in fair market range.
Negotiate and make decisions about pay offs, settlements, and modifications with vendors according to Kitsap Credit Union guidelines to minimize KCU loss.
Initiate and collect all necessary data for legal suits, pending legal action including but not limited to repossession replevin suits, SKIP claims, and bankruptcies.
Make recommendations based upon bankruptcy intentions/loan documents to determine whether outside legal counsel is required.
Communicate with attorneys and trustees regarding all facets of bankrupt accounts.
Prepare and file Proof of Claims, Reaffirmation Agreements, Motion for Relief of Stay, Plan Objections, Plan Confirmations, and Notice of Post-petition Fees.
Review and work incoming bankruptcy mail and perform bankruptcy account maintenance.
Communicate with member’s attorneys in an effort to generate income on secured accounts.
Receive and audit attorney and vendor invoices for accuracy.
Apply bankruptcy payments and liquidation of asset checks to accounts with high degree of accuracy.
Provide training of new employees and/or department staff and cross training on internal repossession and bankruptcy processes.

Benefits

Free onsite parking
Annual time off and sick time accrued
11 Paid holidays
1 Personal floating day
Medical, Dental, Vision, Short- and Long-term Disability, Life and AD&D Insurance
Employee Assistance Program
Choose from a PPO medical plan or a High Deductible with a Health Savings Account
3% KCU funded Safe Harbor Contribution to your 401K
KCU will match up to 2% of your 401K contributions
All 401K contributions are 100% vested
Potential annual incentive in all roles within Kitsap Credit Union
Tuition reimbursement
8 hours of paid volunteer time off
Discounts on KCU's products and services
Enjoy unlimited ORCA transit access through KCU for less than $45 a year—your cost as an employee