Senior Asset Recovery Specialist NYC

Senior Asset Recovery Specialist

High School diploma and 3 years experience required

Position- Senior Asset Recovery Specialist
Job Id (Use when Referring to Position):	3357
Job Type:	FTP
Location:	New York NY
Experience:	0 - 0
Compensation:	$45,400.00 - $56,700.00
Job Description:	POSITION DESCRIPTION   Position Title: Asset Recovery Specialist Date: January 2005 Salary Grade: 22 FLSA Status: Non Exempt Reports To: AVP of Asset Recovery   POSITION PURPOSE Protects assets by helping to minimize losses at the early stage of delinquency and helping members to prevent delinquency; negotiates future payment arrangements and credit line availability with separating members and monitors accounts for final entitlements; and provides high quality member service while carrying out all job duties.   DISTINGUISHING CHARACTERISTICS An incumbent in this position reports to the AVP of Asset Recovery.   ESSENTIAL DUTIES AND RESPONSIBILITIES The duties listed are intended as illustrations of the various types of work that may be performed. The omission of specific statements of duties does not exclude them from the position if the work is similar, related or a logical assignment.   Ø       Monitors accounts daily to reduce delinquency and applies funds to past due accounts; utilizes on-line collection system to document communications; removes limits and places blocks on accounts; and ensures notices are generated and mailed as scheduled.   Ø       Provides courteous and professional service to all employees and external members; and responds to member inquiries within 24 hours and assists members with problems and responds to complaints   Ø       Reviews, logs and responds to all Payroll Clearance Forms and monitors payroll allocations; ensures letters are generated and mailed to all separating members indebted; negotiates future payment arrangements and credit line availability with separating members; and monitors accounts for final entitlements.   Ø       Processes approved Deferment/Payment reductions; submits and monitors disability claims; prepares Bankruptcy files, remove credit lines and stops services.   Ø       Assists in the preparation of monthly reports; assists in the process of charging off accounts; prepares and maintains Bankruptcy, Recovery and Separations Reports.   Ø       Contacts collection agencies for payment of collection loans.     DESIRED QUALIFICATIONS An incumbent must possess experience of working with collection procedure, the bankruptcy code and all applicable regulations.  He or she should be proficient in the use of Microsoft Office. Good oral and written communication skills are required. Sound problem solving and good judgment in decision-making are also required. A commitment to providing high quality service is necessary. A typical way of obtaining the knowledge, skills and abilities required for this position is graduation from high school, plus three years of working in a position focused on the control and prevention of delinquency in a financial services environment.   WORK ENVIRONMENT An incumbent works under standard office conditions.   In addition to any specific job requirements in connection with Bank Secrecy Act and/or OFAC (BSA), employee must (i) be aware of BSA matters commensurate with the position; (ii) report any suspicious activity to the manager or compliance department; and (iii) satisfactorily complete any required BSA training.
Degree Required:	High School
Desired Skills:
Additional Information:
Comments:

Email resume in Word to thebiggamehunter@cisny.com  ONLY IF YOU HAVE THE EXPERIENCE SOUGHT. Please include the job code with the position.

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