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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