Collections Specialist II

UW Credit Union•Madison, WI

7d•Hybrid

About The Position

At UW Credit Union, we take a solution-oriented approach to collections. The Collections Specialist II will operate as a financial consultant, engaging with members that may be experiencing financial distress, utilizing a consultative, member centric approach to understand the members’ financial needs, identify near and long-term solutions, and help center members on a path for financial success. This role will focus primarily on the advanced/complex early stage and late stages of delinquency for all loan types, assisting members with identifying payment options and providing members with consultative solutions for bringing loan accounts back to a current standing. This position is responsible for various collection processes including but not limited to; decedent account handling, preparing loan accounts for repossession and certain legal proceedings such as money judgment preparation and referral. This position requires a working knowledge of lending and collection regulations, systems, resources, and advanced collection processes. Why work for UW Credit Union? Join one of Wisconsin’s premier financial institutions, a National Top Workplace and multi-year recipient of Madison Magazine’s Best Places to Work, Wisconsin State Journal’s Top Workplaces, and Milwaukee Journal Sentinel’s Top Workplaces to receive: $1.25/hour premium for bilingual team members 26.5 days of annual time off (accrued per pay period) 2 weeks paid caregiver leave 2.5 weeks paid new child parental leave 2 days paid volunteer time Hybrid work environment: minimum 3 days a week on-site 10 paid holidays (including your birthday!) 401k company match of up to 5%, plus approximately 4% discretionary match 457 deferred-compensation plan Variable bonus reward Competitive Medical, Dental, and Vision plans, including domestic partner eligibility Employee Assistance Program And more!

Requirements

Associate's degree in Business or a related field is required.
4-5 years of Financial Institution experience is required.
7 months -1 year of Collections experience is required.
Proficiency with Microsoft Office products.
Excellent interpersonal, oral, and written communication skills.
Demonstrated analytical and problem-solving skills.
Ability to work in a fast-paced and changing environment.
Confidence in high-stakes interactions.

Nice To Haves

Spanish-bilingual proficiency is preferred.

Responsibilities

Maintain satisfactory results as specified on the Credit Solutions Specialist II scorecard including but not limited to; repossession, charge off and credit bureau dispute timelines, inbound/outbound call volumes, Right to Cure Notice volumes, Promises to Pay kept and broken.
Communicate account information without the use of jargon, ensuring that the solution is easy to understand.
Prioritize work on delinquent accounts based on past due status and loan type.
Ask need defining questions to personalize solutions that address both current and future needs of the member.
Identify and route accounts that require Credit Solutions Specialist II, Credit Solutions Specialist III, or management action.
Offer appropriate solutions to members in accordance with department guidelines including, but not limited to, loan extensions, payment arrangements, and credit bureau disputes.
Process internal transfers to make loan payments and take payments from external payment sources upon member request.
Refer accounts to management for workout loan review and approval.
Identify changes to member contact and location information through skip tracing.
Develop and demonstrate a comprehensive knowledge of all UWCU policies, procedures, processes, and state/federal regulations.
Communicate with members through outbound and inbound phone calls as well as written communication.
Efficiently and accurately resolve member inquiries using available tools, resources, and support departments.
Compose accurate and informative notes and documentation to concisely convey the outcome of the member interaction.
Understand member situations and potential hardships, review individual loan data to gather background information, and determine appropriate solutions.
Review payment histories and identify if payments need to be corrected.
Respond to verbal and written inquiries from members and various departments regarding general loan questions.
Utilize a consultative and solution-oriented member approach to generate referrals for products and services that will improve the members’ financial circumstances.
Promote diversity, equity, and inclusion by exhibiting cultural competency.
Engage our diverse member and employee base in a manner that makes individuals feel welcome and included.
Identify new areas for learning, and assume responsibility for personal development through training, collaboration, and teamwork.
Model behaviors consistent with being a Champion of Change, adapting quickly and supporting the team on the changing needs of the organization.
Recommend process improvements and may assist management with drafting low level procedural changes.
Support team by participating in and providing training as assigned by management.
Responsible for additional duties as assigned by management.

Benefits

$1.25/hour premium for bilingual team members
26.5 days of annual time off (accrued per pay period)
2 weeks paid caregiver leave
2.5 weeks paid new child parental leave
2 days paid volunteer time
Hybrid work environment: minimum 3 days a week on-site
10 paid holidays (including your birthday!)
401k company match of up to 5%, plus approximately 4% discretionary match
457 deferred-compensation plan
Variable bonus reward
Competitive Medical, Dental, and Vision plans, including domestic partner eligibility
Employee Assistance Program