What You'll Do:
- Strategic Collections Management: Develop and implement data-driven collection strategies to improve delinquency management and optimize recovery rates.
- Title IV Expertise: Leverage knowledge of Title IV schools regulations and best practices to enhance student loan and student account repayment performance.
- Performance Analysis & Reporting: Analyze portfolio performance, identify trends, and generate weekly reports with actionable insights. Ability to achieve key performance metrics for champion challenger environment for some clients.
- Vendor Management: Oversee and manage multiple third-party collection vendors, ensuring adherence to contractual obligations and performance expectations.
- Metrics & Goal Achievement: Design collection strategies to meet and exceed client-defined key performance indicators (KPIs) and overall performance success goals.
- Process Optimization: Identify inefficiencies in current collections processes and implement enhancements to improve effectiveness and compliance.
- Cross-functional Collaboration: Work closely with internal teams in compliance, vendors, and clients to align collection efforts with company and partner objectives.
- Technology & Tools: Utilize advanced Excel, Microsoft programs, and data visualization tools to track, measure, and enhance collection performance.
- Regulatory Compliance: Ensure all collection strategies align with federal, state, and industry regulations, including FDCPA, CFPB, and Title IV guidelines.
What You’ll Need:
- 3+ years of experience in collections management, with a proven track record in setting and executing strategic collection initiatives.
- Experience in the Title IV school space is highly preferred.
- Strong analytical skills with the ability to interpret complex data and develop actionable strategies.
- Demonstrated success in improving collection performance and meeting key metrics.
- Experience managing multiple collection vendors and optimizing their performance.
- Advanced proficiency in Excel, including pivot tables, VLOOKUP, and data analysis.
- Strong project management skills; PMP certification is a plus.
- Excellent communication and presentation skills, with the ability to provide detailed performance insights to senior management.
- Understanding collection compliance requirements, particularly in the student loan or financial services industry.
What We Give In Return:
- Competitive cash and equity compensation
- Health benefits (health, dental, & vision)
- 401k
- Commuter benefits
- Flexible PTO policy
- Opportunities to grow and perform in a fast-paced environment alongside a stellar team
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What We Do
We are revolutionizing the way employers attract and retain critical talent in hard-to-hire fields—while simultaneously tackling the student debt crisis. (Yep, we think BIG.)
A Forbes Fintech 50 and SHRM-backed company, Clasp is driven by impact.
By enabling employers to invest in future talent where it matters most—easing overwhelming student debt—our platform creates lasting bonds between employers and employees.
We believe that when employers have a stake in the cost of education, we can create a more sustainable, equitable, and skilled workforce.
Why Work With Us
Our mission is to create a better, more equitable world by building financial journeys that open doors and give power to learners. We strive to be outcomes-driven, student-centric, data-inspired, team-oriented, and committed to doing the right thing.
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