Credit and Collections Representative jobs in Michigan
Recently Added Credit and Collections Representative jobs
Payment Solutions Representative (Collections)
- Michigan First Credit Union
-
Village, MI
FULL_TIME
-
27000 Evergreen
Lathrup Village
48076
We are currently seeking a Payment Solutions Representative to join us. The person in this position will report to the Payment Solutions Manager.
Job Summary
Conducts interviews to assess member’s financial situations; recommends solutions to resolve delinquency using creative problem-solving techniques and collection tools. Explains expectations and notifies member of consequences if expectations are not met. Motivates member to implement and stay with proposed solution.
Key Job Responsibilities- Uses a systematic process for identifying delinquent accounts of members/borrowers and follows established methods and procedures for immediately responding to delinquent situations with collection activity.
- Prior to contacting the member, reviews both the account and loan application information to build a profile of the member and understand who they are. Interviews the member in-depth to help further assess their needs and help to determine potential resolutions.
- Consistently uses all stages of the Michigan First sales and service standards when relating to members.
- Maintains good business relations with members, courteously and promptly resolving member problems or questions, and effectively assisting with member account problems.
- Responsible for investigation of fraud cases and possible legal action and collection for delinquent accounts and uncollected checks.
- Reviews collection reports to monitor status of collections and outstanding balances and to evaluate effectiveness of current collection policies and procedures.
- Audits delinquent accounts considered to be uncollectible to ensure maximum efforts have been taken before assigning bad debt status to account.
- Investigates credit report disputes and authorize corrections if necessary.
- Coordinates with others ‑‑ including the service and system provider’s team members or consultants, credit card companies, credit bureaus, insurance companies, collateral protection agencies, and registry offices ‑‑ a program, standard procedure and process to ensure that the credit union's risk in lending in reduced to a certainty.
- Takes action to repossess, foreclose, and take possession of collateral security involved in delinquent loans. Conducts evaluations of collateral security and arranges for the disposition of same.
- Stays current with all provisions of the Federal and State Bankruptcy codes and regulations as well as Repossession and Collection Laws.May represent the credit union in court concerning legal processes connected with collection, bankruptcy, and other creditor/debtor situations. Attends hearings concerning bankruptcy and presents testimony on behalf of the credit union.
- Promotes good working relationships with team and Team Leaders, providing assistance, and appropriately informing the others within the credit union of area activities as needed.
- Becomes/is an advocate of the Michigan First culture, supporting diversity, philosophy and other credit union initiatives. Fosters a positive image of Michigan First via professional representation in all contacts and complies with all of Michigan First’s mission and vision goals. Reflects each of the credit union’s “Isms” in daily job performance. Learns and utilizes the EMEC way (Every Member’s Experience Counts) in day-to-day responsibilities when communicating with members and team members.
- Maintains files, records, and journals to provide a chronology of collection activity for every delinquent account, and provides weekly, monthly, and quarterly reports of collection results
- High school graduate or equivalent. Associate’s degree in a related field is preferred
- Three to five years of collection or related experience; understanding or experience with financial institution products and services preferred.
- Must have exceptional customer service skills and interviewing skills including the ability to assess customer needs, meet the quality of standards of Michigan First, and provide member satisfaction. Uses a wide range of communication skills to deal effectively with members and team members. Listens and responds effectively when dealing with challenging situations; dealing with requests for assistance; and responding to questions or concerns. Is able to clarify member concerns and respond as needed.
- Maintains a collection program and related processes that result in a charged‑off loan ratio, delinquency ratio, and an error-free exception standard on all delinquent accounts that are in keeping with credit union standards and requirements.
- Ability to complete detailed and informative notes on interactions/ discussions with member. Notes are well constructed with a logical flow. Communication is grammatically sound with no abbreviations or jargon. Is able to read and interpret written communication from a variety of sources.
- Handles conflict with a concern for the member and the outcome. Is professional in their dealings with others and accepts responsibility for their own actions. Is able to become a certified Michigan First Payment Solutions Representative based on the standards and expectations set.
- Must have a persuasive personality to influence member decisions. Must be able to learn and know the services and products of Michigan First.
- Needs critical thinking skills to identify the best course of action for members by learning and creating innovative solutions and choosing the best alternatives.
- Has the ability to gather and analyze data and make a decision that reflects that level of analysis. In addition, uses experience and intuition when needed as other resources in the identification and resolution of issues. Decisions are timely and well thought out, reflecting the needs of the member and the credit union. Decisions are communicated clearly and decisively.
- Sets and achieves challenging goals and measures against a standard of excellence, constantly striving to improve their performance. Work is thorough, accurate, timely and detailed. Uses feedback to improve their performance and monitors their work to ensure quality and identify areas for improvement.
- May require Notary Public certificate to execute documents on behalf of members and the credit union.
- Must be able to use the credit union's computer system; Such usage includes, but is not limited to, retrieval of information, printing out individual statements of account, inputting data, updating information, special access to certain fields, and general maintenance of the credit and collection financial and ancillary records.
- Ability to utilize on‑screen loan processing provided by the credit union's main system, or by a computer that accomplishes the same or a similar result.
- Ability to operate standard office machines such as a photocopier, fax machine, personal computer, and such equipment normally found in a credit union.
- Understand the provisions of the Fair Credit Reporting Act to maintain compliance with regulatory permissions and restrictions
Simply put, Michigan First Credit Union’s sole mission is to provide the highest quality member experience. Working here, you’ll get to participate in a strong culture centered around service, professionalism, and growth.
Michigan First highlights- 500 team members
- 30 locations spanning the Lansing area, Grand Rapids and Metro Detroit.
- Industry leader in community support and charitable giving through the Michigan First Foundation
- Member Services Call Center operates 24/7/365
- Over $1.5 Billion in assets
- 2023 Best & Brightest in the Nation
- 2023 Best & Brightest in Metro Detroit
- 2023 Best & Brightest in West Michigan
- 2023 Best Credit Unions to Work For
- 2023 Best Places to Work in Southeast Michigan
- 2023 Channel 4 - Vote for the Best - Mortgage Lenders (1st Place)
- 2023 Channel 4 - Vote for the Best - Credit Unions (3rd Place)
- 2023 Detroit Free Press Top Workplaces
- 2023 Michigan Veterans Affairs Agency - Certified Veteran Friendly Employer - Bronze Level
- 2021 Credit Union of the Year by NAFCU (National Association of Federally-Insured Credit Unions)
- Very competitive pay
- Low-cost medical, dental, and vision benefit options. Employer-paid life and disability insurance
- 401(k) - 100% match up to 5% deferral
- Tuition reimbursement for both Undergraduate and Graduate degree program
- Access to a complimentary concierge service that assists with nearly any item on your to-do list
- Free, state-of-the-art fitness center at our Lathrup Village headquarters with exercise equipment, showers and locker rooms
- Wellness initiatives and events throughout the year to help team members stay healthy
- Loan discounts for certain secured and unsecured loans and mortgages
- Opportunities for pay increases, incentives and profit-sharing, based on performance
- Onsite subsidized top notch Cafe 26 for team members' use
- Onsite bowling center
- 11 Days Ago
Collections Specialist
- A B D Federal Credit Union
-
Warren, MI
FULL_TIME
- Collections Manager ABD Federal Credit Union Location: Main Branch in Warren, MI 48092 Job Type: Full-time Willingness to Travel: 25% (Preferred) Schedule: Monday to Friday Benefits: 401(k) Dental ins...
- 3 Days Ago
Credit/Collections Supervisor/Manager
- Robert Half
-
Warren, MI
FULL_TIME
- DescriptionWe are seeking a diligent and detail-oriented AR and Collections Specialist to join our finance team. The ideal candidate will have a strong background in accounts receivable management and...
- 6 Days Ago
Credit and Collections Manager
- GCC Management Company, LLC
-
Rochester, MI
FULL_TIME
- Job description Position Summary: Glorious Cannabis is the largest Cannabis companies in Michigan serving over 500 retail cannabis dispensaries in the state. Our product line includes Bulk and prepack...
- 10 Days Ago
Credit & Collections Manager
- Clark Hill
-
Detroit, MI
FULL_TIME
- Clark Hill PLC Position Description Position: Credit & Collections Manager Reports To: Director of Client Accounting Status: Exempt Summary: Responsible for coordinating the day-to-day collection acti...
- 25 Days Ago
Collections Specialist Career Opportunity!
- Michigan Credit Union League
-
Farmington, MI
FULL_TIME
- Organization: LOC CU Date Posted: January 19, 2024 Region: Southeast Michigan Location of Position: Farmington Position Level: Entry LOC Credit Union is looking for a dynamic individual to join it's C...
- Just Posted
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- Compunnel
-
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- Granite City Electric Supply
-
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- MRS
-
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Bilingual Credit & Collections Specialist
- Bunzl Canada
-
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- 5/30/2024 12:00:00 AM
About Michigan
Michigan consists of two peninsulas that lie between 82°30' to about 90°30' west longitude, and are separated by the Straits of Mackinac. The 45th parallel north runs through the state—marked by highway signs and the Polar-Equator Trail—along a line including Mission Point Light near Traverse City, the towns of Gaylord and Alpena in the Lower Peninsula and Menominee in the Upper Peninsula. With the exception of two small areas that are drained by the Mississippi River by way of the Wisconsin River in the Upper Peninsula and by way of the Kankakee-Illinois River in the Lower Peninsula, Michigan...
Source: Wikipedia (as of 04/11/2019). Read more from Wikipedia
Income Estimation for Credit and Collections Representative jobs
$46,936 to $59,856
Most Popular Cities in Michigan for Credit and Collections Representative Jobs
What does a Credit and Collections Representative do?
Credit and Collections Representative
Review account information to determine if customer orders will be released for delivery based upon their credit limit, days outstanding and payment history.
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Record all pertinent information regarding accounts in the database system for future reference.
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Credit and Collections Representative in Hoffman Estates, IL
Represents the Omron Guiding Principles through personal and business interactions with employees, distributors, and colleagues.
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Demonstrate strong analytical, problem solving, deductive reasoning and decision- making skills.
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Manage an A/R portfolio of 175 accounts using department credit/collection software.
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Credit and Collections Representative in Brea, CA
Obtain and update demographic information and maintain concise notes for each call.
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Provide customers with data requirements, statements, invoice reprints, credit /debit notes, packing & proof of delivery information.
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Run aged trial balance reports, review and prioritize to maximize and expedite collection efforts.
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Contact customers via email, fax and/or phone to facilitate collections of past due invoices.
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