Equipment Finance Loss Mitigation Default Management has an opening for three Loss Mitigation Specialists – These positions can be located in Marshall MN, Richfield / Minneapolis MN or Portland OR
If you have a passion to utilize your leadership skills, and are interested in an opportunity to build strong relationships with internal and external partners and customers - then this position is in alignment with your career goals and objectives; and will present you with continued growth opportunities.
In this position you would be responsible for strategies to maximize recovery opportunities and minimize losses as well as ensure effective and appropriate handling of U.S. Bank Equipment Finance exposures within the regulatory and procedure guidelines established. The position will allow you the opportunity to work in a fast pace environment , with a high energy team of talented and skilled individuals.
Job Responsibilities –
Review and analyze assigned files to determine enhanced collection strategy to employ utilizing the established tools and parameters
Responsible for maintaining bad debt recovery projections on assigned contracts
Continued follow-up on assigned files and maintain adequate records of all interactions within the system of record
Timely and accurately responding to discovery and data requests
Facilitate required Inventory Reconciliations
Prepare for and provide status updates through Portfolio Reviews and weekly Loss Forecast meetings
Ensure regulatory compliance in all aspects of managing assigned contracts
Processing and recording of cash received, including documentation within the system of record, recommendation of cash adjustments, and any necessary fee waivers
Review attorney invoices of accuracy and prepare for submission of approval
Provide support to peers by consulting on collection strategy and reviewing problematic contracts that may require further action
Fully support U.S. Bank Equipment Finance Client Advocacy
- Bachelor's degree, or equivalent work experience
- Three to five years of experience in lending/account management activities
- Strong negotiation and critical thinking skills in order to navigate complex loss mitigation situations.
- Well-developed customer service/relations skills
- Effective interpersonal, verbal and written communication skills
- Leadership proficiencies
- Intermediate knowledge using excel
Apply on company website