Senior Collections Agent - Backline
Who we are:
Shape a brighter financial future with us.
Together with our members, we’re changing the way people think about and interact with personal finance.
We’re a next-generation fintech company using innovative, mobile-first technology to help our millions of members reach their goals. The industry is going through an unprecedented transformation, and we’re at the forefront. We’re proud to come to work every day knowing that what we do has a direct impact on people’s lives, with our core values guiding us every step of the way. Join us to invest in yourself, your career, and the financial world.
We are seeking an experienced Collection Representative who is passionate about customer service and has the skills and experience to deliver outstanding results. You will be a part of a meticulously assembled team that shares this passion for resolving delinquent loans at or ahead of target goals while delivering an outstanding member experience. The Collections Associate-Backline is responsible for improving collection rates by employing multi-channel collection efforts in a dialer and manual environment on late-stage accounts. This role reports directly to an Associate Manager in Loss Mitigation.
What you’ll do:
Work with SoFi Members to satisfy any deficient balances
Review, monitor, and engage with a high volume of members per day
Review delinquent accounts daily, and maintain losses at or below established guidelines for assigned job duties
Accurately documents all account activities and pertinent information including but not limited to verifications and demographic changes
Meet individual and departmental objectives set by department management
Efficiently assess and recommend action to borrowers concerning all other loan issues
Make recommendations to management for loans needing additional attention
Strives to continuously improve the quality and productivity of work
Be an important part of a lean but growing team with touchpoints across the organization
Some evening and weekend hours will be required
What you’ll need:
1 to 3 years of first or third-party collection experience. Experience in a financial environment is desired; consumer delinquency and collections, credit underwriting, or customer service experience preferred
Strong ability to negotiate repayment plans for late-stage accounts with varying levels of delinquency
College degree desired. High school diploma or GED required
Exceptional organizational skills and attention to detail
Exceptional work ethic and pride in work product
Demonstrates a strong understanding of regulations associated with collections (FCRA, FDCPA, UDAAP)
Ability to successfully adapt and adjust to changes in business, regulatory, and economic environments.
Firm understanding of personal finance and credit industry best practices
Intermediate Excel skills and general computer literacy
Aptitude for working independently while maintaining a team first mentality
Ability to work under tight deadlines and exhibit grace under pressure
Desire to improve borrowers’ financial situation and demonstrate the ability to make tough decisions
Excellent written and verbal communication skills
Proficiency in Microsoft Office, Google and ability to learn proprietary systems
Nice to have:
6 months to a year of experience working in early stage collections (1-60 days delinquent)
Skip tracing experience desired
Demonstrates consistent performance quarter over quarter in current role
Skilled in developing both external and internal content such as customer communications and the development of procedures and work documents
Skilled in root cause analysis and problem resolution with both quantitative and qualitative data