Credit Union of Colorado
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Member Solutions Specialist
at Credit Union of Colorado
GENERAL PURPOSE OF THE POSITION: Under the direction of the Member Solutions Supervisor and Manager, this position is responsible for contacting members whose loan accounts (Consumer, Mortgage and VISA) are past due. Arranges for liquidation of balances through payments, collection, workout loans. Safeguards the assets of the credit union and determines collectability with initial review and analysis of past collection activity and risk to the credit union. Assists with administrative tasks by performing the following duties. Representative must be knowledgeable in all areas of the credit union operations.
ESSENTIAL DUTIES AND RESPONSIBILITIES include the following.
- Consistently contacts members whose loan accounts are past due or who have negative shares. Interviews and communicates with members (on the telephone, in person and in writing) to coordinate payment schedules to control delinquency and losses. Arranges for payments according to Collection Policy and Guidelines, Negative Share Collection Procedure, and Courtesy Pay Policy.
- Performs financial counseling (remedial, preventative and productive) and interviews members to provide resolution to financial conditions. Determines options for resolution and meets with Senior Member Solutions Specialists or Member Solutions Supervisor or Manager to ascertain whether workout loans/rewrites are recommended. Identifies the probability of payments, risk and assesses legal action including arranging assignment of vehicles to repossession specialist.
- Contacts members to provide updated insurance information and interfaces with Collateral Protection Insurance Company. Interfaces with insurance agents to provide policy information.
- Prepares collection accounts for charge off and assists in preparing and distributing monthly reports (charge offs, delinquency, etc.) and reviews with management. Prints, distributes and processes delinquency reports (over $20k, 17 days DQ, L70s).
- Responsible for Federal Return Item Processing and the collection of returned items and negative balance accounts and recommends write off of uncollectible accounts. Interfaces with accounting department for reconciliation, and interfaces with outside collection agencies for collection after charge off.
- Researches and notifies Internal Fraud Department and Branch Managers regarding fraud and forgery items. Prepares related reports. Strives for a higher collection percentage of apparent losses.
- Interfaces with members and employees to resolve problems on accounts. Confers with personnel in other departments and branch offices to verify account information and locate related family members. Uses software to perform skip tracing on members.
- Assists Member Solutions Manager with researching information, creating, compiling, and organizing. Composes and types collection and related correspondence for department.
- Provides excellent service by demonstrating courtesy and personal concern for members and co-workers needs, and follows-up to ensure those needs are met.
- Performs other duties as assigned.
- Adheres to all Federal and State laws and regulations applicable to the credit union, including the Bank Secrecy Act, OFAC, FACT Act, the US Bankruptcy Code, Fair Lending Regulations, Fair Credit Reporting Act, and the Fair Debt Collection Practices Act.
EDUCATION and/or EXPERIENCE:
Associates degree (A. A.) or equivalent from two-year college or technical school; or one to two years related experience and/or training; or equivalent combination of education and experience.
CORE COMPETENCIES and SKILLS
MEMBER FOCUSED Creates trust by building relationships and actively discovers the right solutions for Members and peers; understands that the credit union exists as a result of Member trust and loyalty in the organization and employees; is passionate and dedicated to meeting the expectations and requirements of internal and external Members.
COOPERATION AND TEAMWORK Relates well to all kinds of people; builds appropriate rapport; works harmoniously with others; uses and understands diplomacy and tact; encourages collaboration; seeks opinions; is candid with peers; values working relationships. Readily puts in extra effort to accomplish important tasks.
DECISION QUALITY Understands the Members best interest is first; demonstrates decisions which are based on creating the best possible outcome for the member; makes decisions based on a mixture of analysis, wisdom, experience, and judgment; most recommendations and decisions turn out to be correct and accurate when judged over time; is widely trusted and sought out by others for advice and solutions.
PROBLEM SOLVING Uses rigorous logic and methods to solve difficult problems with effective and innovative solutions; is resilient and will own the solution and the problem; can see hidden problems; is excellent at honest analysis; looks beyond the obvious and doesnt stop at the first answers.
ACTION ORIENTED Pushes self and others to achieve the best possible results for the Member, organization and employees; proactively seeks out opportunities; raises hand, rather than waits to be asked; not fearful of acting with a minimum of planning; understands that its OK to make a mistake (fail forward).
ADAPTABLE Learns on the fly; is a relentless, versatile and active learners; open to change; can learn new skills and knowledge; analyzes both successes and failures for opportunities to improve; experiments and will attempt multiple ideas to find solutions; understands that different situations and levels may call for different skills and approaches; works to deploy strengths; works on compensating for weakness and limits.
OTHER SKILLS and ABILITIES
Knowledge of collection procedures and related laws and regulations.
Understanding of Credit Union loan products and policies. Familiar with default and enforcement clauses.
Familiar with deposit programs, account ownership, and casualty insurance.
Knowledge of personal computer operations, with an emphasis in Microsoft products, including Microsoft Excel and Word. Understanding of the U.S. Bankruptcy Code. Knowledge of Credit Union computer system in order to input and set up, new loans, file maintenance, transfers and all related transactions.
Ability to apply oral and interpersonal skills that develop member confidence, respect and trust in Credit Union of Colorado and develop cooperative relationships with all levels of people throughout the organization.
The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
While performing the duties of this job, the employee is regularly required to sit and talk or hear. The employee is frequently required to use hands to finger, handle, or feel objects, tools, or controls. The employee is occasionally required to stand, walk, and reach with hands and arms.
The employee must occasionally lift and/or move up to 10 pounds. Specific vision abilities required by this job include close vision and the ability to adjust focus.
The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
No hazardous or significantly unpleasant conditions (such as in a typical office).
We are an EEO Employer