Jobs · OTHR · Michigan

Repossession Specialist M-F 8am-5pm

Fifth Third Bank · Grand Rapids, MI · 3 wk ago
OTHRFull-time

Essential Duties And Responsibilities

  • Cover conduct research, utilize skip tracing tools, and evaluate data from multiple sources to make strategic actionable decisions.
  • Submit voluntary, involuntary, and impound repossession assignments/reassignments using multiple systems.
  • Monitor daily verbal and written correspondence regarding impounds, contact any third party that has possession of the Bank’s collateral, and negotiate all storage/tow/repair charges.
  • Accurately process and document all requests for repossession cancellations and redemptions.
  • Reconcile and review vendor invoices to ensure agreed upon charges are paid and process adjustments to post repossession fees.
  • Follow state and federal laws to protect both the Bank and the customer.
  • Collaborative approach to identify and recommend solutions to issues.
  • Consistently meet or exceed commitments as defined by leadership.

Supervisory Responsibilities

None

Minimum Knowledge, Skills And Abilities Required

  • High school diploma or equivalent required.
  • Minimum 2 years of collections, repossession, or equivalent work experience.
  • Excellent verbal and written communication skills.
  • Strong experience with Microsoft office products, such as Word, Excel, PowerPoint, and Outlook.
  • Proficient with computer systems and keyboarding / data entry skills with moderate speed and accuracy.
  • Ability to work in a team environment, presenting a professional image and commanding the respect of peers and leadership.
  • General knowledge of collection laws, regulations, principles of credit lending, and risk management.
  • Utilizes a fair degree of independence and problem solving.
  • Ability to multi-task and be flexible while managing change.
  • Self-motivated, professional with strong organizational and problem-solving skills.

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