Loss Recovery Specialist - Auto Loans

Posted 23 Days Ago
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Fort Worth, TX, USA
In-Office
Senior level
Financial Services
The Role
Resolves charged-off auto loan accounts through inbound and outbound calls, repayment or settlement negotiations, skip tracing, asset searches, and recommendations for legal action. Coordinates approved legal proceedings with the in-house legal department while complying with federal, state, and local collections regulations. The role requires strong communication, negotiation, problem-solving, customer interaction, independent work, and flexibility for overtime.
Summary Generated by Built In
About Us

Veros Credit is committed to making vehicle ownership possible for everyone. Through our vast network of independent and franchise dealers, we have helped countless customers with their financing needs, allowing them to drive off in the vehicle they deserve.


We realize that our greatest assets are our employees, which is why we strive to make work welcoming and fun but offer limitless opportunities for growth and advancement. At Veros Credit, you can look forward to company events, free meals quarterly, holiday activities, and more. You will be greeted by friendly, positive, and ambitious team members, and work alongside leaders who encourage and value your new ideas. We are proud to say that it is this sense of community that makes us excited to walk through the door every day.


Some of our benefit offerings include:


  • Medical, Dental, and Vision Insurance
  • Life Insurance
  • Flexible Spending Accounts (FSA)
  • Accident, Hospital, Indemnity Insurance
  • Short Term Disability (STD) and Long-Term Disability (LTD) Insurance
  • Employee Assistance Program (EAP)
  • 401(k) Plan
  • Tuition Reimbursement
  • Paid Holidays
  • Paid Time Off (PTO)
  • Transportation Reimbursement Benefit (Mass Transit, Carpool, and Plug-In Electric Vehicle)
  • Referral Bonus
  • Quarterly lunches
  • Daily fresh fruit
  • Office Starbucks Coffee/Latte/Espresso Machine
  • And a lot more!

About The Position

The Loss Recovery Specialist will be responsible for bringing charged off auto loan accounts to resolution by negotiating payment in full or settlement and initiating legal action as appropriate.


Essential Responsibilities:

  • Receive/make inbound and outbound calls to current and former customers with charged off accounts to negotiate re-payment or settlement on account(s).
  • Perform extensive skip tracing and asset searches as necessary. May use outside skip tracing services as needed.
  • Recommend initiation of legal actions as appropriate.
  • Coordinate approved legal action with the in-house legal department.
  • Other duties as assigned.

Essential Requirements:

  • Bilingual (English/Spanish) is a plus, but not required.
  • 5+ year(s) of experience in the collections field with at least 3+ years of experience with charged off accounts, preferably in the subprime consumer lending industry.
  • Effective communication, negotiation, and problem-solving skills.
  • Ability to read, interpret and apply federal, state and local collections regulations.
  • Ability to interact with customers in a professional, tactful and sensitive manner.
  • Ability to thrive in a fast-paced work environment and to work independently and as part of a team.
  • Available to work a flexible work schedule and overtime as needed.
  • High School Diploma or GED. 

Veros Credit, LLC is an equal opportunity employer.

**This Organization Participates in E-Verify





Keywords:

Automotive, Auto Finance, Automobile, Subprime, Prime, Unsecure Loans, Dealerships, Independent Dealerships, Franchise Dealerships, Skip-tracing, Skip Tracer, Skip Trace, Auto Dialer, Auto Dialing, Vehicle Repossessions, Repayment Plans, Deficiency, Customer Service, Consumer Finance, Collections, Collector, Collecting, Loss Recovery, Collateral Recovery, Post Charge Off, Negotiate, Negotiation, Negotiator, Call Center, Bilingual, Spanish, FDCPA, Noble

Skills Required

  • At least 5 years of experience in collections
  • At least 3 years of experience with charged-off accounts
  • Experience in the subprime consumer lending industry
  • Effective communication, negotiation, and problem-solving skills
  • Ability to read, interpret, and apply federal, state, and local collections regulations
  • Ability to interact with customers professionally, tactfully, and sensitively
  • Ability to work independently and as part of a team in a fast-paced environment
  • Availability for a flexible work schedule and overtime as needed
  • High school diploma or GED
  • Bilingual English and Spanish
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The Company
Santa Ana, CA
162 Employees

What We Do

Veros Credit is committed to making vehicle ownership possible for everyone. Through our vast network of independent and franchise dealers, we have helped countless customers with their financing needs, allowing them to drive off in the vehicle they deserve. We are a privately held nationwide automotive finance company that specializes in the acquisition and servicing of non-prime and sub-prime motor vehicle retail installment contracts from its network of franchise and independent automobile dealers.

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