Collections/Other Assets Specialist - First Community Bank : Job Details

First Community Bank 5406 Everhart Rd Corpus Christi TX Position Summary The position of Asset Specialist is responsible for the collection or restructure of Trouble Assets to a satisfactory status Assist in the collection of the banks loans when needed and ensure the disposition of collecting assets to minimize monetary exposure Pursue judgment filings on all outstanding debts Monitor bankruptcy filings and file the necessary documentation on these accounts Prepare monthly and quarterly reports on judgments bankruptcies and collection analysis Assist in minimizing losses on the banks loan portfolios and to maximize recovery on the charged off loans Essential Duties Lead train and supervise the day to day operations of the collection departmentDevelop and implement strategies for managing and reducing delinquent accountsMonitor and report department performance including key metrics such as delinquency rates and recovery successCommunicate with borrowers regarding overdue payments and negotiate payment plans where appropriateManage escalated collection cases which may involve difficult or sensitive customer situationsEnsure compliance with all local state and federal regulations related to debt collection including the Fair Debt Collection Practices Act FDCPAPrepare all documentation required to process bankruptcies and judgments; communicate with banks legal counsel regarding those documentsCommunicate with senior management and loan officers regarding past due loansMake court appearances when required on judgments bankruptcies or law suitsReview and approve settlements loan modifications and charge offs when appropriateRepossess collateral when necessary and make ready transport and dispose as appropriateAssist with other departmental duties; including opening and closing duties as neededKnowledge Skills and Abilities Basic computer skills; Familiar with Word and excel Must be able to verbally communicate well with customers Familiar with a variety of the fields concepts practices and procedures Rely on experience and judgment to plan and accomplish goals Position Requirement Bachelors degree in Banking Business Administration Finance or related field or equivalent experience 5 years of experience in collections preferably within the banking or financial services industry Must have a valid drivers license and good driving record Bilingual preferred but not required