Collections Specialist

Cypress HCM
Greensburg, IN Contractor
POSTED ON 8/21/2024 CLOSED ON 8/30/2024

What are the responsibilities and job description for the Collections Specialist position at Cypress HCM?

Location

Greensburg, IN 47240 (Hybrid)


Responsibilities

  • Initiate contacts through varied means of communication with clients regarding past due accounts. (20%)
  • Manage an assigned block of accounts and handle all requirements during the time the account is in their possession. (20%
  • )Create payment plans and courses of action to bring delinquent and default loans current. (10%)
  • Work with clients through all stages of the Loss Mitigation process. (5%)
  • Document all account developments on software servicing systems. (10%)
  • Perform collateral valuations, refer repossessions, and other analysis work on defaulted and delinquent accounts. (5%)
  • Enforce loan contracts and recommend appropriate actions to create a favorable outcome for the bank, such as foreclosure, forbearance, deferments, or extensions. (5%)
  • Perform searches and skip tracing to locate hard-to-reach clients. (5%)
  • Develop thorough knowledge of the First Financial Bank Purchase and Assumption Agreements for all FDIC engineered transactions. (5%)
  • Gain a high level of familiarity with the Single Family Residential portion of the First Financial Bank acquired institutions and understand how to apply the Loss Share Agreements in varied situations. (10%)
  • Maintain a working knowledge of both the Legacy and Covered Asset portfolios and understand the differences between the two. (5%)


Requirements

  • 6 months of related experience
  • Associate’s Degree or equivalent work/education experience
  • Reliable and able to work independently with minimal supervision
  • Attention to detail and demonstrates strong organizational skills


*** Pay: $15/hr

Salary : $15

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