Lead and provide directions to the credit unions Collections Team regarding recovery payments on charged off portfolio. This includes maintaining clear and productive lines of communication with all stakeholders.
Lead and provide direction to the credit unions management team regarding recovery efforts functions and results to ensure success and established goals for charge off and recovery.
In partnership with the credit unions Temenos Administrator and Information Technology department ensure that transactional functions are automated and reviewed weekly for efficiencies and accurate communication with members for placement/reimbursement of CPI premiums and recovery module enhancements in terms of charge off processes and payment files/application.
Utilize all forms of communication (telephone text and mail correspondence) to obtain verification of collateral insurance obtained by member to reduce exposure to the credit union as well as member.
Identify create and execute schedules for reports duties and member communication. Create procedures for job functions and assist with training of all Collection Support TM
Coordinate with assistance from CPI vendor training for Collections team Loan Servicing as well as front line member facing staff to ensure exceptional member service.
Provide management with high-level reporting of MTD/YTD charge/refund information in relation to charge off and lending comparison.
Provide management with high-level reporting for commission reports for the recovery specialist team.
Coordinate with third party vendors all requirements to ensure recovery of assigned credit union assets. Provide updates to management of vendor productivity and any concerns or issues in the recovery efforts and results.
Oversee all charge off functions for loans VISAs and deposit/checking accounts to ensure the minimum loss to credit union. Assist team with preparation of monthly management reports as required.
Oversee all recovery payment transaction files and application of payments to ensure the minimum loss to credit union and assist AVP Collections and Loan Servicing with preparations of monthly commission reports.
Facilitate and oversee required testing and validation of all system integrations vendor to DNA to Temenos.
Provide Collections team and/or Member with assistance in processing borrower claims as well as repo damage claims and premium deficiency claims to ensure the utmost CPI program benefits are utilized.
Must understand and perform Bank Secrecy Act (BSA) functions as applicable to job responsibilities.
Attend credit union training sessions conferences and seminars as approved by supervisor. Maintain awareness policies and regulations related to duties and responsibilities.
Attend regular staff meetings and one-on-one meetings with manager.
Develop and maintain a prominent level of expertise around the credit unions collection software Temenos. The Collections and Recovery Support Manager should serve as the credit unions subject matter expert on the CPI system Recovery payment application and continuously work to improve system processes workflows and procedures maximizing staff efficiency and effectiveness. This includes supporting outside departments and vendors during upgrades and conversions.
Develop recommendations for cost efficiencies process improvements pricing and enhancements to CPI and Repossessions by monitoring trends in loan performance.
Maintain a dependable record of attendance and timeliness.
Maintain and protect all sensitive data utilizing the highest standard of confidentiality and professionalism. Consistently display respect for all areas of diversity and levels of knowledge.
Display leadership values act in the best interest of the credit union. Lead by example control risk and manage/operate in a safe manner.