A finance recovery job, such as a loan recovery officer or debt collector, involves collecting debts, managing non-performing loans, and working with clients to recover payments.
- Loan recovery officerResponsible for identifying and assessing clients, planning recovery strategies, and executing techniques with branch managers and loan officers. The goal is to maximize recovery rates while minimizing costs and turnaround time.
Debt collectorResponsible for collecting debts before legal proceedings begin, negotiating payments, and handling debtor inquiries. They may also need to make outbound calls to secure payments on past due accounts.
Other responsibilities of a finance recovery job may include:- Preparing and circulating statements
Planning courses of action to recover outstanding payments
- Disposing of recovered assets
Engaging with debtors through meetings, letters, and calls- Researching information using available resources
Updating control registers and outsourced files
Job Types: Full-time, Permanent
Benefits:
Paid sick time
Schedule: Morning shift
Experience:
- total work: 1 year (Preferred)
Work Location: In person
