How to Become a Consumer Loan Collection/Recovery Supervisor
Step 1: Understand the job description and responsibilities of a Consumer Loan Collection/Recovery Supervisor
What does a Consumer Loan Collection/Recovery Supervisor do?
A Consumer Loan Collection/Recovery Supervisor supervises a team of recovery representatives in consumer collection activities. Coaches team to achieve collection targets. Being a Consumer Loan Collection/Recovery Supervisor directs initiatives and policies to improve collection process. May require a bachelor's degree. Additionally, Consumer Loan Collection/Recovery Supervisor typically reports to a manager or head of a unit/department. The Consumer Loan Collection/Recovery Supervisor supervises a small group of para-professional staff in an organization characterized by highly transactional or repetitive processes. Contributes to the development of processes and procedures. Thorough knowledge of functional area under supervision. To be a Consumer Loan Collection/Recovery Supervisor typically requires 3 years experience in the related area as an individual contributor.
Based on our compensation data, the estimated salary potential for Consumer Loan Collection Recovery Supervisor will increase 16 % over 5 years.
Bad debt is a serious problem for banks, which is why the consumer loan collection recovery supervisors play such an important role.
There are two significant parts of a consumer loan collection recovery supervisor job description.
Since it is a supervisor position, these requirements are going to be a bit more than they are with the representative position.
When you are a supervisor, you are the leader in your field.
Step 2: Learn best tips to become a Consumer Loan Collection/Recovery Supervisor
Best tips for those who want to become a Consumer Loan Collection/Recovery Supervisor
Here are some tips to become a Consumer Loan Collection/Recovery Supervisor.
Step 3: View best colleges and universities for Consumer Loan Collection/Recovery Supervisor
Best colleges and universities for Consumer Loan Collection/Recovery Supervisor
- Florida Southern College
- Colby College
- Dartmouth College
- University of Notre Dame
- Western Washington University
- Canisius College
Step 4: Think about whether is it worth to be a Consumer Loan Collection/Recovery Supervisor
Is being a Consumer Loan Collection/Recovery Supervisor Worth it?
Bad debt is a serious problem for banks, which is why the consumer loan collection recovery supervisors play such an important role.
There are two significant parts of a consumer loan collection recovery supervisor job description.
Since it is a supervisor position, these requirements are going to be a bit more than they are with the representative position.
Of course, the consumer loan collection recovery supervisor job description goes beyond just supervising.
BIG Points will be credited to the eligible BIG Member’s account within 30 days from the delivery or end collection date of the purchases.
Step 5: Prepare relevant skills for being a Consumer Loan Collection/Recovery Supervisor
What skills do you need to be a Consumer Loan Collection/Recovery Supervisor?
A manager is often judged based on the success of their team and those working below them, as such, many skills are needed. Success in this role depends on a critical ability in the following: Loan Collections . Experience in the following is fundamental to this role: Banking Software, Credit and Collections Software. Skills may vary from job-to-job, but these skills are the ones most commonly associated with this role.
Seasoned Collections Supervisor with more than 20 years of experience in fast-paced high demand environment.
Extensive experience in credit/collections and auditing.
This is a real resume for a Consumer Loan Collections Supervisor in Alexandria, Virginia with experience working for such companies as Navy Federal Credit Union, Wachovia.
It is not enough to just supervise loans and make sure the bank is handing them out, but to be able to handle it when an account may default or be in the red.
Step 6: View average salary for Consumer Loan Collection/Recovery Supervisor
How much does a Consumer Loan Collection/Recovery Supervisor make?
The average salary range for a Consumer Loan Collection/Recovery Supervisor is from $56,543 to $74,739. The salary will change depending on your location, job level, experience, education, and skills.
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Average salary for Consumer Loan Collection/Recovery Supervisor jobs
- Consumer Loan Collection Supervisor I
- Consumer Loan Collection Supervisor II
- Consumer Loan Servicing Senior Supervisor
- Loan Origination/ Processing Supervisor - Consumer
- Consumer Loan Credit Supervisor II
- Consumer Loan Credit Supervisor I
- Consumer Loan Collector, Senior
- Senior Consumer Loan Processor
- Entry Consumer Loan Processor
Step 7: Find relevant Consumer Loan Collection/Recovery Supervisor jobs, and apply.
Looking for Consumer Loan Collection/Recovery Supervisor jobs?
Here are some Consumer Loan Collection/Recovery Supervisor jobs in the United States.