AVP Collections

TRUE SKY FEDERAL CREDIT UNION - Oklahoma City, OK

Full-time - Senior

Oklahoma City, OK

About the position

The AVP Collections role at True Sky Federal Credit Union is designed to manage the Collections department effectively, ensuring the preservation of the Credit Union's assets. This position involves implementing strategic initiatives to align with the Credit Union's growth, improving processes, managing staff, and reducing delinquency and charge-offs while enhancing recoveries. The role requires strong leadership and the ability to adapt to changing economic conditions and product initiatives.

Responsibilities

• Oversee all aspects of TSCU's collection and recovery efforts and initiate programs and procedures to adjust to changing economic environments and new product initiatives.
• Exhibit strong leadership presence by engaging staff in modeling and setting clear expectations.
• Monitor progress of department staff and mentor staff to ensure achievement of personal performance goals.
• Develop and recommend work-out strategies and collateral/credit enhancements.
• Monitor tracking systems for all bankruptcies, suits, foreclosures, and other post charge-off activity.
• Monitor collection practices and procedures and maintain a written procedures manual regarding all collection functions including garnishments, judgments, and other legal proceedings.
• Inform management of trends in loan underwriting contributing to delinquent/charged-off loans.
• Perform other job-related duties as assigned.

Requirements

• Bachelor's degree in Accounting/Finance or equivalent.
• 10 to 15 years of similar or related experience.
• Thorough understanding of delinquency management, loan & collateral documentation, loss mitigation, foreclosure process, repossession, bankruptcy, and consumer credit collections regulations and laws.
• Demonstrated knowledge of collateral valuations.

Nice-to-haves

• Completion of a specialized course of study at a business or trade school.
• Completion of a specialized and extensive in-house training or apprenticeship program.

Benefits

• Competitive salary range of $98.7K - $125K per year.
• Full-time position with potential for career advancement.