Job Description
Note: The job is a remote job and is open to candidates in USA. Alliance Laundry Systems LLC is seeking a Financial Services Portfolio Collector who will manage a portfolio of delinquent and defaulted loan accounts. The role involves working with customers to resolve issues while protecting the company's interests and utilizing loan workout strategies for effective account management.
- Responsibilities
- Managing a dynamic secured portfolio of delinquent and defaulted loan accounts
- Working with the customer to resolve matters in a professional manner while protecting the interests of the Company
- Utilizing loan workout strategies to include amendments, assumptions, refinancing activities, and repossession
- Organizing and thoroughly documenting all events per account and reporting status of the portfolio by account to the Manager
- Responsible for accurate servicing and maintenance of loans within the asset-backed facility and on the Alliance balance sheet
- Monitoring all accounts using reporting provided by loan software system(s)
- Contacting delinquent accounts to investigate and help resolve the reasons for late payments and maintain current payments in the future
- Performing credit analysis on new and existing guarantors
- Collecting and analyzing financial statements and utility bills to determine business profitability
- Presenting analysis and plan of action to Supervisor for guidance and approval
- Working closely with customers to provide loan workouts, amendments, assumptions
- Preparing and processing loan documentation necessary to facilitate such transactions adhering to strict policies of the Company
- Working closely with distributors, landlords, and legal counsel to assess defaulted equipment loan transactions
- Devising a recommended strategy to pursue for repossession of equipment or store intact
- Actively marketing and liquidating according to this strategy while obtaining the highest possible recovery for the Company
- Documenting all correspondence to ensure accurate history of events relating to the collection efforts
- Skills
- A bachelor's degree in a business related field (finance preferred) with coursework or experience in collections, business law and recovery on assets
- At least five years' experience in credit and collections work with specific experience in the sale and liquidation of repossessed assets
- Working knowledge of PC-based spreadsheet and database software
- Working knowledge of the Uniform Commercial Code, secured transaction documentation, and collection law
- Ability to maintain the security and confidentiality of the client's credit information and uphold the integrity of Alliance's finance company
- Excellent oral and written skills as well as effective interpersonal skills with both internal and external stakeholders
- Ability to independently plan, prioritize and carry out simultaneous projects and meet deadlines
- Ability to manage multiple tasks, organize tasks and complete them in a timely manner
- Company Overview
- At Alliance Laundry Systems, our family of brands offers solutions to a worldwide customer base through the delivery of premium quality laundry products and services. It was founded in 1908, and is headquartered in Ripon, Wisconsin, USA, with a workforce of 1001-5000 employees. Its website is https://alliancelaundry.com/.
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