Sr Collateral Auction Specialist

BECU•Tukwila, WA

1d•$30 - $56•Hybrid

About The Position

As a Sr. Collateral Auction Specialist, you’ll play a pivotal role in shaping how BECU maximizes value, protects members, and advances our remarketing strategy. Your expertise ensures that repossessed assets are handled thoughtfully, efficiently, and in full alignment with compliance expectations. You’ll be the person driving smarter decisions, strengthening relationships with auction partners, and ensuring each asset’s journey—from recovery to sale—supports BECU’s mission and member experience. Your insights and actions won’t simply complete transactions…they’ll meaningfully influence outcomes, mitigate risk, and support the broader BECU financial ecosystem. This role is hybrid and will need to travel on a regular basis.

Requirements

Bachelor’s Degree or equivalent work or educational experience required.
Minimum five years of experience in the automotive industry or auction related experience, with at least one year in auto repossession, required.
Current valid Washington State driver’s license required.
Full time hours required, with additional hours as necessary.
Proficient verbal and written skills required to effectively communicate.
Able to travel locally 2‑3 days a month.

Nice To Haves

Experience with auto sales through auctions or dealer experience is preferred.
ICA-certified ASE preferred.
CAR (Certified Automotive Remarketer) certification preferred.
Previous experience within BECU or another financial institution preferred.
Automotive/RV knowledge/experience such as mechanical and body shop preferred.
Ability to negotiate in high pressure environment with best interest of BECU and 3rd party clients.

Responsibilities

Asset Sale Decisioning: Approve offers on assets up for sale and ensure each repossessed item is sold in a commercially reasonable and compliant manner.
Inventory Oversight & On‑Site Representation: Control and monitor inventory while being present at authorized locations to manage pre-sale and sale-day activities and uphold all regulatory and compliance standards.
Market Insight & Community Involvement: Stay plugged into the remarketing industry, keeping yourself informed of changing trends and best practices impacting repossessed assets.
Risk Reduction & Operational Excellence: Deliver on remarketing standards, policies, and procedures to minimize risk, manage inventory, and support secure and accurate handling of all repossessed assets.
Reconciliation & Financial Processing: Reconcile sold inventory, process proceeds, update vehicle databases, and support the charge-off process within required timeframes.
Reporting & Communication: Provide requested reporting and respond to inquiries from internal partners, auctions, and vendors.
Data Gathering & Coordination: Obtain initial information from collections and other departments, including Notice of Intent and sale availability dates.
Hold Tracking & Audit Support: Track, audit, and generate reports for accounts on hold (e.g., legal, bankruptcy, title issues, redemption).
Dealer Coordination: Review dealer booking sheets and work with the Indirect Team to collect applicable refunds or payoffs.
Post‑Sale Review: Ensure sold files are reviewed for Dealer Billbacks (MBI, GAP, LAH) and follow up for payment.
Insurance Handling: Obtain insurance details for damaged vehicles and submit insurance claims for review and processing.
Title & Document Management: Organize sale files, secure titles, and maintain required documentation for completed sales.
Auction Oversight: Ensure auctions follow BECU direction, meet expense guidelines, and adhere to CU Auction basics.
Issue Escalation: Serve as the first point of escalation for complex issues, elevating higher-level concerns to leadership as needed.
Relationship Stewardship: Represent BECU and our 3rd‑party partners professionally and consistently at all times.
Adaptability & Team Support: Perform other duties as needed to support business operations and team success.