Loan Recovery Specialist

Five Star Bank
City of Rochester, NY
Category Sales
Job Description
Role Overview

The Consumer Loan Workout Specialist is responsible for the final disposition of charged off consumer and BBU debt to ensure maximum recovery of loan losses.

What You Will Do

Conduct systematic review of charged off loans, develop and implement workout strategies, and facilitate final disposition efforts with attorneys and collection agencies.

Why It Might Be a Fit

The successful candidate will have a high degree of accuracy and organizational skills, thorough knowledge of loan products and laws, and excellent verbal and written communication skills.

Requirements

  • High School Diploma
  • Associates Degree preferred
  • 3+ years of experience in Banking, Credit Union, Collection Experience, or Underwriting
  • Knowledge of Consumer loan products, Bankruptcy laws, and State and Federal compliance mandates

Benefits

  • Medical, Dental, and Vision Insurance
  • Health Savings Account
  • Flexible Spending Account(s)
  • Company Paid Life Insurance, Long-Term Disability, and Short-Term Disability
  • Voluntary Offerings: Life, Critical Illness/Specified Disease, Accident, Hospital Indemnity & Personal Accident
  • Tuition Reimbursement
  • Employee Referral Program
  • Wellness Reimbursement Program
  • Star Volunteer Program
  • Employee Banking and Financial Perks
  • Flexible Hybrid Work Schedule
  • Paid Time Off (PTO)
  • Company Paid Holidays
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