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Title

Collections Officer 

EOE StatementBMI Federal Credit Union strives to maintain a work environment free from discrimination where employees are treated with dignity and respect. All employees contribute to the Credit Union's commitment to equal employment opportunity. BMI Federal Credit Union does not discriminate on the basis of race, sex, gender identity, religion/creed, pregnancy, age, physical or mental disability, size or shape, marital status, national origin, genetics/genetic markers, military or veteran status, sexual orientation or any other characteristic protected by applicable laws. We adhere to these principles in all aspects of employment, including recruitment, hiring, placement, compensation, benefits, promotion, and discipline. We believe that by adhering to these policies we can cultivate a welcoming environment by embracing each individual's identities and abilities.
 
About the Organization BMI Federal Credit Union (BMI FCU) offers competitive pay and benefits including holiday pay, paid time off (PTO), a matching 401(k) plan, a robust wellness program, professional development, opportunities to help our community, health insurance (for full-time employees), and more. If you enjoy working for a smaller company and having the ability to positively affect an entire organization, then BMI FCU is the place for you.








***For 14 consecutive years (2010-2023), BMI Federal Credit Union has been named a "Best Employer in Ohio" by the Best Companies Group, an independent organization that conducts a rigorous evaluation to identify and name the best employers in the state!***








BMI FCU is a not-for-profit, financial cooperative providing banking services to our member-owners. Our goal is simple - to improve the financial well-being of our members and the community. One of the ways we do this is through our Money Management Program, a free financial education program for all members. We also provide traditional savings and lending products, like savings and checking accounts, IRAs, Certificates, credit cards, car loans, personal loans, and mortgages plus convenience services such as ATMs, online banking, online bill payment, and mobile banking. BMI FCU has five branch locations in Central Ohio.








EEO/AA Employer/Minority/Female/Disability/Veteran/Sexual Orientation/Gender Identity. BMI FCU maintains affirmative action programs to promote the employment opportunities of disabled individuals and covered veterans. Employees and applicants may request a review of appropriate portions of the BMI FCU Affirmative Action Program from the Human Resources Dept.  
Category Risk Management  
Full-Time/Part-Time Full-Time  
Location BMI Federal Credit Union - General  
Location Details 6165 Emerald Parkway, Dublin OH 43016  
Internal/External Posting  
Description

STARTING HOURLY RANGE: $20.50-$25.50

ABOUT BMI FEDERAL CREDIT UNION (BMI FCU):
BMI FCU is a not-for-profit, financial cooperative providing banking services to our member-owners. Our goal is simple - to improve the financial well-being of our members and our community.

For 14 consecutive years (2010-2023), BMI FCU has been named a "Best Employer in Ohio" by the Best Companies Group.

We offer competitive pay and benefits including holiday pay, paid time off (PTO), a matching 401(k) plan, professional development, opportunities to help our community, health insurance, a wellness program, and more. If you enjoy working for a smaller company and having the ability to positively affect an entire organization, then BMI FCU is the place for you!
 

POSITION SUMMARY: Responsible for the control of late and/or delinquent loan accounts by establishing and maintaining communication with members in order to facilitate collecting payments and organizing information pertaining to the delinquent accounts. The position is also in charge of protecting the assets of the credit union and minimizing losses on behalf of its members while in compliance of all state and federal regulations and laws, and compliance with all governing regulations. This position is a back-up to other Collections Officer positions, in the lending department.

ESSENTIAL JOB FUNCTIONS:

  • Establish contact via phone, letter, or visits with members who are delinquent on their payments to ascertain member status and reason for delinquency
  • Professionally and respectfully encourage members to pay in an effort to bring and keep their account current
  • Analyze, evaluate and assist members with credit problems; recommend and establish alternative payment options
  • Make recommendations to members regarding repossessions, refinances, modifications and charge-offs
  • Consult with management and recommend solutions on more problematic accounts to limit loan losses
  • Notify co-signers regarding status of delinquent accounts
  • Update files and system accounts using the credit union’s collection system
  • Locate missing members by contacting the following including but limited to: relatives, neighbors, and employer(s); request information from outside sources relating to verification of credit information
  • Track, record, and monitor, and notify repossessions
  • Serve as a liaison with legal counsel regarding all real estate and non-real estate transactions
  • Assist with the collection of Negative Share (NS) accounts
  • Review charge off accounts for recovery options and ensure payments and arrangements are still being met
  • Research payroll deductions, stops, starts, and changes as they may affect the status of loan repayment
  • Process and assist with payment
  • Prepare and track all modifications/extension requests
  • Assist members in filing credit life and/or credit disability insurance claims
  • In some cases: file claims, attend hearings, and coordinate with trustees for all bankruptcy filings
  • Assign and identify accounts for legal action
  • File reports with appropriate law enforcement agencies on fraud and forgery items; file bond claims with insurance company


WORK ENVIRONMENT: Office environment

QUALIFICATIONS AND SKILLS REQUIREMENTS:

  • High School Diploma or equivalent required
  • Collections, consumer finance, and/or lending background required
  • Some college education preferred
  • A minimum of 3-5 years of related experience; a viable combination of experience and education will be considered
  • Previous customer service and/or banking experience
  • Knowledge of laws and regulations related to collections and bankruptcy
  • Proficient in Microsoft Office, general computer programs, and general office equipment
  • Advanced problem solving skills
  • Analytical, critical thinking, and problem solving abilities in combination with effective interpersonal relationship skills
  • Excellent written and oral communication skills
  • Strong attention to detail
  • Skills in organization and planning
  • Ability to receive and maintain confidential information
  • The ability to obtain Certified Financial Counselor status


PHYSICAL REQUIREMENTS:

Must be able to meet the following physical requirements, with or without reasonable accommodation: 1) Sit, walk, stand, use hands to manipulate, handle, feel, and control items or equipment; 2) Reach with hands and arms; 3) Talk and hear; 4) See and be able to read, write, and interpret text, spreadsheet, and graphical documents.

As an equal opportunity employer, BMI FCU does not discriminate in its employment decisions on the basis of race, religion, color, national origin, sex, pregnancy, childbirth and related conditions, lactation status, gender identity, sexual orientation, age, disability, veteran or military status, genetic information, or ancestry.

 
Position Requirements  
Schedule Monday-Friday, 8:00am- 5:00pm or 9:00am - 6:00pm if needed. Flexibility to work occasional Saturdays 9:00am-1:00pm (time off provided during the week when working on Saturday)  

This position is currently not accepting applications.

To search for an open position, please go to http://BMIFederalCreditUnion.appone.com



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