Member Care Admin - VP - Member Care and Credit Bureau Reporting Oversight

About the role

The Vice President of Collections is responsible for all aspects of Collections (Member Care) which includes loss mitigation programs, third party collection agencies, bankruptcy, credit bureau reporting, litigation, repossessions, foreclosure and REO management. In addition, this role will oversee credit bureau reporting for the entire credit union, including consumer and business, member expulsion, third party oversight, Board of Directors reporting.

Responsibilities

• Define and build buy-in for the business unit's strategic vision; implement solutions that deliver the strategy, including financial plan.
• Lead changes necessary to support firm growth strategy while ensuring Golden level member service and creating a scalable operation within current cost structure.
• Collaborate with senior management, peers, and partners across the credit union on enterprise and departmental initiatives to accomplish strategic goals and remain within low-mod risk appetite.
• Leverage data and analytics to solve problems and articulate operational strengths, weaknesses, and ongoing performance.
• Implement and publish KPIs, KRIs, OKRs with appropriate targets and thresholds (RYG) across people, process, technology, risk, and strategy.
• Oversee business unit planning, risk, governance, quality, reporting, project management, monitoring, and finance.
• Stay current on collections, member service delivery and technology trends across operations.
• Improve Performance Across People, Process, and Technology Through Four Key Objectives:
• Elevate to a High-Performing Team: Manage, develop, coach, and hold talent accountable.
• Own the Risk: Manage the risk of the end-to-end process within the mandate.
• Execute Flawless and Efficient Processes: Lead the process owners and managers within the operation.
• Cultivate Peer Relationships: Foster relationships internally and externally.
• Develop and maintain an understanding of the pertinent regulatory requirements and risks inherent to job responsibilities, establish, and maintain control activities that mitigate those risks consistent with the Credit Union’s risk appetite, and ensure operational integrity and compliance with applicable regulations.
• Lead Member Care and credit bureau reporting teams consistent with state and federal compliance standards and Golden 1 policies and procedures.
• Maintain oversight of delinquency and charge off trends for all products and lead teams to develop effective collection strategies for all functional areas: collections, loss mitigation, third party collection agencies, bankruptcy, litigation, repossessions, foreclosures, loss mitigation and REO management.
• Understand Golden 1’s credit culture, underwriting, related lending policies, risk profile, portfolio and product concentration risks, including geographic, and industry, to understand delinquency and charge off trends.
• Develop effective multi-channel collections strategies that utilize autodialer, phone, text, email and outbound voice response unit.
• Develop ways to measure results.
• Ensure proper oversight and compliance for all vendors related to the collection process (PAR, collection agencies, attorneys etc.).
• Foster a positive and engaging work environment for each team member by promoting skill development, coaching, inspiring others through your words and actions, ensuring positive employee morale throughout the credit union, and embracing our mission.
• Direct the preparation of all collections of summary reports for Senior Management and the monthly Board Meeting.
• Responsible for the accuracy and timely delivery of all reporting owned by the Member Care department.

Qualifications

• Bachelor’s degree or strong subject matter experience with excellent people leadership skills.
• Minimum ten years of progressively responsible management or supervisory experience within a financial institution overseeing collections, loss mitigation and/or servicing for auto, unsecured and real estate secured products, including a minimum five years as a manager.
• Conversant with collection rules, regulations, and procedures.
• Excellent analytical and problem-solving abilities.
• Excellent verbal and written communications skills.
• Strong leadership, project and resource management, and Member Relationship skills.
• Experience with managing large groups.
• Sound knowledge of the methods and principles of business administration.
• Experience with financial accounting and departmental budgets.
• Ability to lead and manage multiple tasks concurrently and self-prioritize workload to meet deadlines as an individual and leader.
• Advanced knowledge of Microsoft Office programs such as Word, Excel, PowerPoint, and Outlook.

Physical Requirements

• Prolonged sitting throughout the workday with occasional mobility required.
• Corrected vision within the normal range.
• Hearing within normal range.
• A device to enhance hearing will be provided, if needed.
• Occasional movements throughout the department daily to interact with staff, accomplish tasks, etc.
• Minimal local and statewide travel by car or public conveyance to attend meetings.
• Unusually long work hours may be required to accomplish tasks.

License / Certifications

• None