Collections Associate

SoFi•Cottonwood Heights, UT

About The Position

SoFi is seeking experienced Collection Associates who are passionate about the customer experience and have the skills and experience to deliver outstanding results. You will be a part of a meticulously assembled team that shares this passion for delivering an outstanding member experience while resolving delinquent loans. The Collections Specialist is responsible for improving collection rates by employing multi-channel collection efforts in a dialer and chat environment on early stage accounts.

Requirements

1+ years of first or third-party collection experience.
Experience in a financial environment is desired; consumer delinquency and collections, credit underwriting, or customer service experience preferred
Strong ability to negotiate repayment plans for early-stage accounts with varying levels of delinquency
1+ years of customer service experience with an aptitude in de escalating difficult situations
College degree desired. High school diploma or GED required
Exceptional organizational skills and attention to detail
Strong work ethic and pride in work product
Demonstrates a strong customer orientation.
Ability to successfully adapt and adjust to changes in business, regulatory, and economic environments.
Firm understanding of personal finance and credit industry best practices
General computer literacy
Aptitude for working independently while maintaining a team-first mentality
Ability to work under tight deadlines and exhibit grace under pressure
Desire to improve members financial situation but ability to make tough decisions
Excellent written and verbal communication skills
Proficiency in Microsoft Office, Google, and the ability to learn proprietary systems

Nice To Haves

Sales experience is a plus
Skilled in developing both external and internal content such as customer communications and the development of procedures and work documents.
Skilled in root cause analysis and problem resolution with both quantitative and qualitative data.

Responsibilities

Work with customers to satisfy any deficient balances
Review, monitor, and engage with a high volume of customers per day
Review delinquent accounts daily, and maintain losses at or below established guidelines for assigned job duties
Accurately documents all account activities and pertinent information including but not limited to verifications and demographic changes
Complete high-risk processes with accuracy (i.e. Bankruptcy, Cease/Desist, Attorney Representation, etc.)
Independently review extension and forbearance requests
Manage all process tasks and functions associated with the forbearance programs
Meet individual and departmental objectives set by department management
Efficiently assess and recommend action to members concerning all other loan issues
Make recommendations to management for loans needing additional attention
Strives to continuously improve the quality and productivity of work
Be an important part of a lean but growing team with touchpoints across the organization