Collections Manager Nelnet Bank

Draper, UT - USA

Monthly Salary: $ 100000 - 105000

Posted on: Yesterday

Vacancies: 1 Vacancy

Job Summary

Nelnet is a diversified and innovative company committed to enriching lives through the power of service as a student loan servicer professional services company consumer loan originator and servicer payments processor renewable energy solutions and K-12 and higher education expert. For over 40 years Nelnet has been serving its customers associates and communities.

The perks of working at Nelnet go beyond our benefits package. When you join the Nelnet team youre part of a community invested in the success of each individual. That support comes through in our work as we are united by our mission of creating opportunities for people where they live learn and work.

The Collections Manager will develop and manage the banks collection program ensuring compliance with regulatory requirements and internal policies. This role is critical in minimizing delinquency rates and optimizing recovery strategies.

Job Description

Develop and implement effective collection strategies to control or minimize delinquency and charge-offs.
Monitor collection activities to ensure compliance with federal and state regulations including FDCPA and UDAAP.
Analyze portfolio trends and prepare reports for senior management on collection performance and key risk indicators.
Collaborate with credit risk collection service providers and legal teams to resolve complex accounts and mitigate losses.
Utilize technology and data analytics to improve efficiency and effectiveness of collection processes.

**Pay Range for this role is - $100000 - $105000

Additional Requirements

EDUCATION: Bachelors degree in Finance Business Administration or related field (or equivalent experience)

EXPERIENCE: At least 5 years of experience in collections management in an FDIC or OCC regulated bank; private student lending experience strongly preferred

COMPETENCIES SKILLS/KNOWLEDGE/ABILITIES:

Familiarity with advanced recovery strategies and legal processes
Proven analytical expertise
Strong oral and written communication skills
At least intermediate working knowledge of Excel Word and PowerPoint

Our benefits package includes medical dental vision HSA and FSA generous earned time off 401K/student loan repayment life insurance & AD&D insurance employee assistance program employee stock purchase program tuition reimbursement performance-based incentive pay short- and long-term disability and a robust wellness program. Click here to learn more about our benefits: LINK.

Nelnet is committed to providing a welcoming and respectful workplace where all associates have the opportunity to succeed. As an Equal Opportunity Employer we ensure that all qualified applicants are considered for employment. Employment decisions are made without regard to race color religion/creed national origin gender sex marital status age disability use of a guide dog or service animal sexual orientation military/veteran status or any other status protected by federal state or local law. We value the unique contributions of every team member and believe that a positive work environment benefits everyone.

Qualified individuals with disabilities who require reasonable accommodations in order to apply or compete for positions at Nelnet may request such accommodations by contacting Corporate Recruiting at or.

Nelnet is a Drug Free and Tobacco Free Workplace.

Required Experience: