Champions First Credit Union · 21 hours ago
Recovery Coordinator
Tallahassee, FL
Full-time
Onsite
Mid LevelChampions First Credit Union is a rapidly growing credit union in Florida, dedicated to building strong communities and supporting employee development. The Recovery Coordinator will coordinate the operations of the Recovery Area, focusing on minimizing losses from charged-off loans and managing recovery efforts in collaboration with legal representatives and collection agencies.
Financial Services
Responsibilities
Reviews all charged-off loans to determine feasibility of recovering additional funds. Determines best course of action to take to minimize Credit Union losses and maximize net recoveries
Works with attorneys and collection agencies to determine how best to proceed with recovery efforts. May request depositions to determine collectability of debt. Approves legal counsel’s suggested plans of action
Manages charged-off accounts. Attends (by telephone or in person) trials, mediations, depositions, hearings, and meetings when a representative of the Credit Union is required to provide testimony or to obtain information to assist in the discovery process
Acts as a liaison between Attorney’s Office, the Collections Department and management serving as the secondary contact point
Assists the department in preparing for the legal process of filing judgments including preparing checks, filing documents with legal counsel, documentation preparation, sending copy to third party collection agency and filing in proper order
Collects and analyzes data on activity and volume of litigation and recovery accounts to help with strategic and efficiency planning. Responsible for a variety of regular reports for the area
Works on lists of charged-off accounts in attempts to settle debts. Record all attempts to recover debt in Temenos software
Maintains communication with the Collections Director regarding recovery attempts, settling accounts, and revenue projections
Maintains and updates Recovery Area policy and procedure manuals as needed
Attends job-specific training classes as requested by management. Completes annual BSA/AML Compliance Training and understands employee’s role in maintaining an effective BSA/AML compliance program and completes FACT Act Red Flag training
Tracks all Final Judgments and submits for renewal when required
Balances the Recovery GL 871.705
Tracks stipulations and follows up on defaults as soon as possible
Qualification
Required
Coordinates the day-to-day operation of the Recovery Area of the Collections Department
Determines the feasibility of recovery of charged-off loans and proceeds with the best actions to minimize Credit Union losses and increase net recoveries
Reviews all charged-off loans to determine feasibility of recovering additional funds
Determines best course of action to take to minimize Credit Union losses and maximize net recoveries
Works with attorneys and collection agencies to determine how best to proceed with recovery efforts
May request depositions to determine collectability of debt
Approves legal counsel's suggested plans of action
Manages charged-off accounts
Attends (by telephone or in person) trials, mediations, depositions, hearings, and meetings when a representative of the Credit Union is required to provide testimony or to obtain information to assist in the discovery process
Acts as a liaison between Attorney's Office, the Collections Department and management serving as the secondary contact point
Assists the department in preparing for the legal process of filing judgments including preparing checks, filing documents with legal counsel, documentation preparation, sending copy to third party collection agency and filing in proper order
Collects and analyzes data on activity and volume of litigation and recovery accounts to help with strategic and efficiency planning
Responsible for a variety of regular reports for the area
Works on lists of charged-off accounts in attempts to settle debts
Records all attempts to recover debt in Temenos software
Maintains communication with the Collections Director regarding recovery attempts, settling accounts, and revenue projections
Maintains and updates Recovery Area policy and procedure manuals as needed
Attends job-specific training classes as requested by management
Completes annual BSA/AML Compliance Training and understands employee's role in maintaining an effective BSA/AML compliance program and completes FACT Act Red Flag training
Tracks all Final Judgments and submits for renewal when required
Balances the Recovery GL 871.705
Tracks stipulations and follows up on defaults as soon as possible
Benefits
A variety of insurance products for the employee and dependents
A generous paid time off structure to include sick, vacation, personal, birthday, work anniversary and federal holidays
Company
Champions First Credit Union
Champions First Credit Union is a not-for-profit financial cooperative.
Founded in 1954
51-200 employees
Funding
Current Stage
Growth StageCompany data provided by crunchbase