Equipment Financing Portfolio Collections Mgr - Highland Capital, Washington Township, NJ

Valley Bank • Township of Washington, NJ

2d

About The Position

Responsibilities include but are not limited to:
Responsible for portfolio monitoring in general and accounts 60+ Days Past
Due specifically - prioritizing calls, maintaining notes and activities in
Dollars to ensure delinquency objectives are understood and achieved.
Provides guidance to Collections and Customer Service teams in managing their
respective duties.
Has frequent interaction with senior management regarding the status of
problem loans.
Provide thoughtful review and analysis of account information to establish
the best possible outcome (Legal, restructure).
Negotiate settlements with customers and/or their counsel.
Preparation of daily/monthly delinquency reports.
Participate in monthly Portfolio Review Meetings highlighting key issues.

Requirements

• Proficient understanding of the legal process relating to the recovery of commercial loans.
• Ability to analyze credit reports (business and consumer), payment histories and personal records to determine potential to pay.
• Strong researcher with skip tracing abilities.
• Understanding of equipment finance terminology and documentation.
• Ability to draft professional emails, letters, settlement agreements and other documentation, as may be required.
• Capacity to work independently and as a team.
• Present yourself in a courteous and professional manner.
• Must be detail and service oriented.
• Strong communication, negotiation and follow-up skills.
• Ability to prepare/write basic reports and business correspondence.
• Should have working knowledge of PC/Windows environment. Knowledge of Microsoft Office programs is helpful. Able to learn new and customized computer programs.
• Bachelor's degree and 5 years of related work experience together with supervisory responsibilities that include managing direct reports.

Responsibilities

• Responsible for portfolio monitoring in general and accounts 60+ Days Past Due specifically - prioritizing calls, maintaining notes and activities in Dollars to ensure delinquency objectives are understood and achieved.
• Provides guidance to Collections and Customer Service teams in managing their respective duties.
• Has frequent interaction with senior management regarding the status of problem loans.
• Provide thoughtful review and analysis of account information to establish the best possible outcome (Legal, restructure).
• Negotiate settlements with customers and/or their counsel.
• Preparation of daily/monthly delinquency reports.
• Participate in monthly Portfolio Review Meetings highlighting key issues.

What This Job Offers

• Job Type: Full-time
• Career Level: Manager
• Number of Employees: 1,001-5,000 employees