Recovery Specialist - Victoria Main

PROSPERITY BANK•Victoria, TX

10d•Onsite

About The Position

The candidate is responsible for pursuing collection of charged-off loans while projecting a professional company image through phone interaction and occasionally through in-person meetings. Performance of the candidate will include skip tracing; negotiating workout or settlement terms; filing lawsuits; performing asset searches; analyzing financial statements and making collection strategy recommendations to management. The candidate will also be responsible for the assignment of various loan collateral for repossession or foreclosure as well as its liquidation.

Requirements

High School diploma or equivalent
Associate degree or Bachelor’s degree
Ability to fluently communicate in English
Moderate computer application skills; including Microsoft Office products such as Word, Excel, and PowerPoint.
Excellent written and verbal communication skills.
Demonstrated ability to make appropriate judgments and decisions with limited guidance.
Ability to work independently with minimal supervision.
Ability to quickly assess problem loan and deposit account situations and implement solutions to resolve same.
Maintain professionalism when communicating with borrowers and others.
Demonstrated ability to resolve conflicts and implement effective negotiation skills.
Good organizational skills, or ability to prioritize and complete various tasks within deadlines.
Ability to multi-task.
Ability to make accurate inquiries with borrowers as to issues with problem loans and deposit accounts, in a firm and professional manner.
Ability to overcome objections

Nice To Haves

Prior experience is preferred.

Responsibilities

Locate and contact charge-off debtors to make arrangements for repayment of debt owed to the Bank.
Negotiate loan workout or settlement terms with debtors.
Monitor payment arrangements to ensure adherence to agreed upon terms.
Pursue suit-worthy debtors through litigation which includes filing suit in Small Claims Court and working with outside legal counsel.
Conduct asset searches and locate non-exempt property which could be subject to execution.
Monitor Judgments for renewal.
Prepare debt cancellation and 1099-C requests for accounts that are settled, deemed uncollectible or time barred.
Monitor bankruptcy proceeds in connection with assigned accounts.
Assign repossessions and monitor agency process on individual assignments.
Document all collection efforts on Akuvo collection system.
Maintain discretion and confidentiality in all phases of handling sensitive data or account information.
All other duties as needed or required.