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Billing and Collection Associate
2 hours ago
Responsibilities:
- Collaborating on debt collection strategies with other departments.
- Enacting debt recovery plans that adhere to the FDCPA.
- Contacting debtors by telephone to negotiate debt recovery.
- Preventing recurring delinquency by negotiating manageable debt payment plans.
- Negotiating settlements to recover a maximum percentage of outstanding debt.
- Keeping hard copy and electronic records of all documents, payment plans, and amounts paid.
- Researching publicly available resources to track down defaulters, including credit bureau information, databases, loan documents, and background checks.
- Sending statements of delinquency to the Credit Bureau and initiating legal proceedings if debt recovery fails.
- Purging records where debts have been satisfied.
Requirements:
- Debt collection certification or training in a similar role preferred but not required.
- Graduate of Bachelor's degree in Accounting or Finance.
- A minimum of 2 years experience in a sales or customer service role.
- Previous experience in debt collection will be advantageous.
- Proficiency in debt collection software, such as Collect and ezyCollect.
- Proficiency in Microsoft excel.
- Advanced knowledge of the FDCPA.
- Extensive experience in developing and enacting debt recovery strategies.
- Experience in locating defaulters by searching publicly available documents and databases.
- Exceptional ability to negotiate debt recovery with debtors.
- Ability to perform debt collection in collaboration with other stakeholders.
- Excellent recordkeeping and interpersonal skills.
- Can start ASAP