VP Of Collections

ALLEGIANCE CREDIT UNIONOklahoma City, OK

Apply with Sonara

Automate your job search with Sonara.

Submit 10x as many applications with less effort than one manual application.¹

Reclaim your time by letting our AI handle the grunt work of job searching.

We continuously scan millions of openings to find your top matches.

Job Description

A completed application is required for consideration of employment.
VP of Collections
Full-Time
Must reside in Oklahoma
5-10 Years' Collection Experience Required
5+ Years' Leadership Experience Required
Role:
To preserve the Credit Union's assets by controlling delinquent accounts, collecting delinquent loan payments and/or recovering collateral; hiring, scheduling, training, and monitoring the work of other direct reports; disposing of repossessed collateral and working with vendors in assisting with attaining goals. Attendance is an essential function of performing the duties of this job.
Essential Functions & Responsibilities:
35% Hires, reviews, schedules, trains, and monitors the work of direct reports: conducts performance reviews; allocates resources to meet operational needs within the department; manage vendor relationships to assist in attaining collection goals; reviews and approves, denies, or modifies department recommendations from subordinates.
35% Analyzes financial situation of delinquent borrowers; takes action to repossess collateral when arrangements to bring the loan current are unsuccessful. Direct and indirect oversight of all legal proceeds, bankruptcies and foreclosures. Informs management of trends in loan underwriting contributing to delinquent/charged-off loans. Recommends strategies to address negative trends and isolation of impacting factors and/or risk factors which have been identified. Proactively analyzes monthly losses, identifying and projecting subsequent month’s losses and delinquency ratios and numbers.
15% Coordinates the repossession, determines further investment (repairs or improvements), and sale of repossessed collateral while seeking to maximize recovery value. Oversees the appropriate documentation for bankruptcy accounts. Prepares the required documentation for assignment to collection agencies or attorney. Attends court hearings for various legal/bankrupt files. Oversee the preparation of delinquent accounts for charge off requests.
10% Serves as a member of the Credit Union’s credit manager committee. Vocalize concerns or trends being spotted by collection team and offers suggestions/solutions. Performs quality control loan review sampling on a regular basis.
5% Performs other job related duties as assigned.

Automate your job search with Sonara.

Submit 10x as many applications with less effort than one manual application.

Apply with Sonara Apply manually

FAQs About VP Of Collections Jobs at ALLEGIANCE CREDIT UNION

What is the work location for this position at ALLEGIANCE CREDIT UNION?

This job at ALLEGIANCE CREDIT UNION is located in Oklahoma City, OK, according to the details provided by the employer. Some roles may also include multiple work locations depending on the requirement.

What pay range can candidates expect for this role at ALLEGIANCE CREDIT UNION?

Employer has not shared pay details for this role.

What employment applies to this position at ALLEGIANCE CREDIT UNION?

The employer has not provided this information. This may be discussed during the hiring process.

What is the process to apply for this position at ALLEGIANCE CREDIT UNION?

You can apply for this role at ALLEGIANCE CREDIT UNION either through Sonara's automated application system, which helps you submit applications 10X faster with minimal effort, or by applying manually using the direct link on the job page.