Debt Portfolio Manager

Aegon•Baltimore, MD

43d•$108,000 - $130,000•Hybrid

About The Position

This develops and implements strategies to assist in recovering outstanding debts, improve collection rates, and minimize financial risk across World Financial Group's active and terminated agent force.

Requirements

Bachelor's degree in Finance, Business Administration, Economics, Accounting or related field or equivalent experience.
10 years of experience in debt collections, financial risk management, or a related field.
Strong knowledge of U.S. and Canadian regulatory environments.
Proven ability to lead cross-functional initiatives and drive process improvements.
Excellent analytical and communication skills.

Nice To Haves

Master's degree in Finance, Business Administration, Economics, Accounting or related field.

Responsibilities

Develop and implement leading debt mitigation and collection strategies across the US and Canada.
Establish and monitor key risk indicators (KRIs) and provide regular reporting to senior management and governance committees.
Ensure compliance with all applicable regulatory and governmental requirements.
Engage legal resources regarding litigation and with carriers on notification of abandoned debt.
Continuously improve collection processes and increase recovery rates.
Manage and communicate effectively with internal and external stakeholders.
Collaborate with Due Diligence, Supervision, Commissions Operations, Carriers, Field Leaders and Finance teams.
Evaluate and approve requests for debt management (long-term debt roll, fee forgiveness, etc.) and lending.
Provide insights and reporting on trends and patterns within overall debt.
Drive Heritage Program liquidation tied to buy/sell, transition, beneficiary and firm buy-out events.
Deliver regular reporting on collection performance and key metrics to leadership.

Benefits

Competitive Pay
Bonus for Eligible Employees
Pension Plan
401k Match
Employee Stock Purchase Plan
Tuition Reimbursement
Disability Insurance
Medical Insurance
Dental Insurance
Vision Insurance
Employee Discounts
Career Training & Development Opportunities
Paid Time Off starting at 160 hours annually for employees in their first year of service.
Ten (10) paid holidays per year (typically mirroring the New York Stock Exchange (NYSE) holidays).
Be Well Company holistic wellness program, which includes Wellness Coaching and Reward Dollars
Parental Leave - fifteen (15) days of paid parental leave per calendar year to eligible employees with at least one year of service at the time of birth, placement of an adopted child, or placement of a foster care child.
Adoption Assistance
Employee Assistance Program
College Coach Program
Back-Up Care Program
PTO for Volunteer Hours
Employee Matching Gifts Program
Employee Resource Groups
Inclusion and Diversity Programs
Employee Recognition Program
Referral Bonus Programs