Loan Collection Clerk jobs in South Dakota

Loan Collection Clerk supports the collections group by performing routine administrative and clerical tasks. Inputs data, coordinates document distribution, and responds to customer requests related to loans. Being a Loan Collection Clerk requires a high school diploma. Typically reports to a supervisor. The Loan Collection Clerk possesses a moderate understanding of general aspects of the job. Works under the close direction of senior personnel in the functional area. May require 0-1 year of general work experience. (Copyright 2024 Salary.com)

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Collection Manager
  • Sentinel Federal Credit Union
  • Rapid, SD FULL_TIME
  • Summary of Job

     

    Responsible for all aspects in the collection of debt for consumer and business loans including real estate, credit cards and overdrawn accounts.  Monitor loan and account delinquencies and implement all appropriate collection policies and procedures to cure balances.

     

    Primary Duties/Responsibilities

     

    1. Collection of delinquent loans and accounts on an on-going basis via phone calls, late notices, letters, payment transfers and personal contact.
    2. Monitor member account balances and process payments for past due loans and overdrawn accounts.
    3. Conduct proper handling of all documents pertaining to collecting and perform timely and accurate responses to any and all collection issues.
    4. Arrange for repossessions when necessary and process all required paperwork or correspondences. Work entire repossession process from start to finish.
    5. Receive and process all bankruptcy filings.  Work with attorneys and courts to attempt to protect the Credit Union assets and ensure compliance with court orders.  Ensure all staff is kept abreast of bankruptcy regulations that affect their job and operate within legal boundaries.
    6. File small claims paperwork.  Initiate and maintain wage garnishments.
    7. Remain knowledgeable of federal and state collection laws.
    8. Maintain proper record keeping of related credit documents and reports.
    9. Assist title clerk with all aspects of title processing.
    10. Assist Personal Finance Officers and Associates with any collection issue that comes up.
    11. Work in e-OSCAR system and correct any error in credit reporting and help to ensure accuracy and timely reporting.
    12. Forward charged off loans and overdrawn balances to secondary vendors for collection assistance in a timely manner.  Maintain communication with said vendors to monitor effectiveness and success of collection efforts.  Process any and all recoveries.
    13. Keep loan staff and other management/supervisors informed of any changes in collection regulations or policies.
    14. Recommend/process monthly charge offs in conjunction with the accounting department.  Help prepare financial reports and board reports to track delinquency categories.
    15. Maintain Sentinel’s professional reputation throughout collection operations and in all contacts with members and vendors alike.
    16. Assist with member issues such as correcting credit bureau disputes, account/payroll/automatic payment discrepancies, and perform account corrections and help to resolve all account transactions.
    17. Create, monitor and update collection procedures manual as needed.
    18. Handle legal inquiries and work with Credit Union attorney and management to help resolve any legal dispute which involves the collection department.
    19. Document all collection action taken, including telephone conversations, email and other communication sources.
    20. Ensure all required reports, records and tracking mechanisms are completed in a timely manner.
    21. Perform skip tracing duties when appropriate to locate members who are delinquent.
    22. Process all duties related to deceased members.
    23. Process and monitor all insurance claims as they relate to collections.

     

    Secondary Duties/Responsibilities

     

    1. Ensure the confidentiality and security of all Credit Union information and documents.
    2. Perform any additional duties as assigned by the Executive Vice President or President including special projects and research.
    3. Participate in all staff and departmental meetings.
    4. Follow all Credit Union policies and procedures including but not limited to all employee handbook issues.
    5. Process and record any related collection expenses as they arise.
    6. Cross train and educate other staff on collection procedures and keep management informed on any collection regulation or law that may change.
    7. Participate in staff training and attend webinars, conferences and seminars as assigned.
    8. Cooperate in all loan department operations.

    Job Knowledge

     

    1. Working knowledge of the credit union’s products and services.
    2. Working knowledge of organization’s policies, procedures and service philosophy.
    3. Working knowledge of safety and security program for false alarms, robberies, bomb threats and extortion, including all other related activities.
    4. Working knowledge of the credit union’s in-house computer system and internet.
    5. Working knowledge of state and federal consumer lending regulations.
    6. Working knowledge of all collection activities including, bankruptcies, small claims, foreclosures, asset liquidation, repossessions, legal issues and phone call/communication regulations.

     

    Job Qualifications (Skills)

     

    Sentinel Federal Credit Union is committed to working with its employees to reasonably accommodate them with the physical aspects of the position.  The following list outlines the physical considerations that are normally encountered in this position.

     

    1. Vision:  A sighted person to effectively review documents.
    2. Speech/Hearing:  Ability to communicate verbally and in writing with staff, members and vendors.
    3. Manual Dexterity:  Ability to perform necessary computer-related input.

     

    Job Qualifications (Ability)

     

    1. Ability to understand and follow complex written and oral instructions.
    2. Ability to comprehend complex functions and procedures and to be able to disseminate that knowledge in a clear and understandable format to others.
    3. Ability to express oneself, clearly and concisely, both orally and in writing.
    4. Ability to prepare and maintain confidential records and reports.
    5. Ability to gather, assemble, correlate, and analyze facts and develop solutions.
    6. Ability to analyze statistics and financial data.
    7. Ability to assess needs of multiple members and prioritize requests to ensure that all members receive the highest quality of service possible.
    8. Ability to handle daily routine with moderate freedom to interpret and act upon various situations.
    9. Ability to present a professional and personable personality that communicates to members and visitors that the credit union is a professional financial institution.
    10. Ability to interact with more than one department daily.
    11. Ability to work within precise standardized guidelines with some latitude to make decisions and take initiative to resolve problems or unique circumstances.
    12. Ability to effectively support our relationship building culture.
    13. Ability to effectively utilize software and hardware within your area of responsibility.
    14. Ability to process insurance claims including deceased members.
  • 1 Day Ago

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Housekeeping - Mount Rushmore National Memorial - Seasonal
  • Xanterra Travel Collection
  • KEYSTONE, SD TEMPORARY
  • Overview Live. Work. Explore. as a part of our Maintenance team in Mount Rushmore National Memorial!Located in the beautiful Black Hills region of South Dakota, Mount Rushmore National Memorial is ope...
  • Just Posted

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Food & Beverage Supervisor - Mount Rushmore
  • Xanterra Travel Collection
  • KEYSTONE, SD FULL_TIME
  • Overview Are you enthusiastic about crafting unforgettable dining experiences? Located in the beautiful Black Hills region of South Dakota, the destination draws more than 3 million tourists per year....
  • 2 Days Ago

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Mount Rushmore Fall Part-time Helping Hands Program 2024
  • Xanterra Travel Collection
  • KEYSTONE, SD PART_TIME
  • Overview Live. Work. Explore. as a part of our Retail team in Mount Rushmore National Memorial!Located in the beautiful Black Hills region of South Dakota, Mount Rushmore National Memorial is open yea...
  • 2 Days Ago

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Human Resources Manager
  • Xanterra Travel Collection
  • KEYSTONE, SD FULL_TIME
  • OverviewMount Rushmore National Memorial is host to almost three million visitors a year from across the country and around the world. Visitors come to enjoy the majestic beauty of the Black Hills of ...
  • 2 Days Ago

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Sample Collection Agent - WEST
  • PorchLight Services
  • Rapid, SD FULL_TIME
  • Position Overview:Cannabis Chem Lab is seeking a dedicated and detail-oriented Sample Collection Agent to joinour team. As a Sample Collection Agent, you will play a crucial role in the success of our...
  • 8 Days Ago

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Collections Assistant
  • Stantec
  • Milwaukee, WI
  • Collections Assistant - ( 240001EJ ) Description Grow with the best. Join a smart, creative, and inspired team that work...
  • 4/26/2024 12:00:00 AM

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Collections Assistant
  • Stantec
  • Albuquerque, NM
  • Collections Assistant - ( 240001EJ ) Description Grow with the best. Join a smart, creative, and inspired team that work...
  • 4/26/2024 12:00:00 AM

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Collections Assistant - Property Management
  • Kittle Property Group
  • Indianapolis, IN
  • Description Kittle Property Group is looking for a Collections Assistant to join our Corporate team at our headquarters ...
  • 4/26/2024 12:00:00 AM

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Legal Assistant/Collections Assistant
  • STEVENS & GOLDWYN PA
  • Fort Lauderdale, FL
  • Job Description Job Description Legal Assistant/Collections Assistant for Fort Lauderdale law firm that specializes in C...
  • 4/26/2024 12:00:00 AM

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Collections Clerk
  • VineBrook Homes, LLC
  • Dayton, OH
  • COLLECTIONS CLERK - PROPERTY MANAGEMENT $1000 Sign On Bonus POSITION SUMMARY/OBJECTIVE The Collections Clerk is primaril...
  • 4/23/2024 12:00:00 AM

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Collections Assistant Manager
  • Cornerstone Financial Credit Union
  • Nashville, TN
  • ARE WE THE COMPANY FOR YOU? Are you looking for a position that you can really enjoy? Cornerstone Financial Credit Union...
  • 4/22/2024 12:00:00 AM

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Collections Assistant (Cataloging)
  • Harvard University
  • Cambridge, MA
  • Basic Qualifications •One or more years of experience using a museum collections database. Additional Qualifications and...
  • 4/22/2024 12:00:00 AM

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Accounts Receivable - Collections Assistant
  • MORRISETTE PACKAGING INC
  • Browns Summit, NC
  • Job Description Job Description Position Summary Are you looking for a great company to call home, or just need a change...
  • 4/22/2024 12:00:00 AM

South Dakota (/- dəˈkoʊtə/ (listen)) is a U.S. state in the Midwestern region of the United States. It is named after the Lakota and Dakota Sioux Native American tribes, who compose a large portion of the population and historically dominated the territory. South Dakota is the seventeenth largest by area, but the fifth smallest by population and the 5th least densely populated of the 50 United States. As the southern part of the former Dakota Territory, South Dakota became a state on November 2, 1889, simultaneously with North Dakota. Pierre is the state capital and Sioux Falls, with a populat...
Source: Wikipedia (as of 04/11/2019). Read more from Wikipedia
Income Estimation for Loan Collection Clerk jobs
$26,887 to $34,403