Repo/Recovery Specialist (Full Time) - Victoria
Company: Prosperity Bank
Posted on: June 6, 2021
How to apply: Please apply through Prosperity Bank's Career
Center at https://www.prosperitybankusa.com/Careers
and to find more job opportunities with our company.
- A pre-employment credit check will be run on all qualified
Recovery/Repossession Specialist - The candidate is responsible
for pursuing collection of charged-off loans while projecting a
professional company image through phone interaction and
occasionally through in-person meetings. Performance of the
candidate will include skip tracing; negotiating workout or
settlement terms; filing lawsuits; performing asset searches;
analyzing financial statements and making collection strategy
recommendations to management. The candidate will also be
responsible for the assignment of various loan collateral for
repossession or foreclosure as well as its liquidation. The
position will report to the Special Assets Recovery Manager.
ESSENTIAL FUNCTIONS AND BASIC DUTIES
Locate and contact charge-off debtors to make arrangements for
repayment of debt owed to the Bank.
Negotiate loan workout or settlement terms with debtors.
Monitor payment arrangements to ensure adherence to agreed upon
Pursue suit-worthy debtors through litigation which includes
filing suit in Small Claims Court and working with outside legal
Conduct asset searches and locate non-exempt property which
could be subject to execution.
Monitor Judgments for renewal.
Prepare debt cancellation and 1099-C requests for accounts that
are settled, deemed uncollectible or time barred.
Monitor bankruptcy proceeds in connection with assigned
Assign repossessions and monitor agency process on individual
- Document all collection efforts on Precision collection
EDUCATION/CERTIFICATION: High school diploma or equivalent.
Associates Degree or Bachelor's Degree preferred.
EXPERIENCE REQUIRED: Minimum 2 years in collections or
equivalent related working experience.
SKILLS/ABILITIES: Moderate computer application skills;
including Microsoft Office products such as Word, Excel.
Good interpersonal, verbal and written skills. Ability to deal
courteously and tactfully with debtors while simultaneously
remaining forceful and utilizing proper telephone etiquette.
Basic reading and arithmetic skills.
Possess strong analytical skills.
Be able to overcome objections and possess strong conflict
Ability to maintain strict confidentiality.
Keywords: Prosperity Bank, Victoria , Repo/Recovery Specialist (Full Time) - Victoria, Other , Victoria, Texas
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