
Strategic Collections Specialist
4 days ago
We are seeking a skilled Portfolio Manager to join our team. As a key member of our organization, you will be responsible for overseeing the efficient management of our portfolio through effective collection strategies.
Key Responsibilities:- Current Demand Performance:
- Monitor and analyze current demand performance metrics to identify trends and areas for improvement.
- Implement strategies to optimize collection efficiency and reduce delinquency rates.
- Collaborate with internal teams to address customer issues and streamline collection processes.
- Bucket Management:
- Develop and maintain strategies for effective bucket management, including early-stage delinquencies, late-stage delinquencies, and write-offs.
- Implement proactive measures to prevent accounts from moving into higher-risk buckets.
- Coordinate with collection agents to ensure timely follow-up and resolution of accounts in each bucket.
- Repossessions:
- Manage the repossession process in compliance with regulatory requirements and company policies.
- Liaise with legal and recovery teams to execute repossession activities efficiently and ethically.
- Minimize losses by maximizing asset recovery and minimizing associated costs.
- Overall Portfolio Management:
- Conduct regular portfolio reviews to assess the health of the portfolio and identify areas of concern.
- Develop and execute strategies to mitigate portfolio risks and improve overall performance.
- Collaborate with risk management teams to implement preventive measures and address emerging risks.
To succeed in this role, you will need a Bachelor's degree in business administration, finance, or a related field, and minimum 5-7 years of proven experience in collections management, preferably in the financial services industry.
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