Repossession Specialist I

About Working at Commerce 

Building a career here is more than just steps on a ladder. It’s about helping people find financial safety and success, helping businesses thrive, and making sure people and their money are taken care of. And our commitment doesn’t stop there. Our culture is about our people, the ones in our communities and the ones that work with us.  

Here, you’ll find opportunities to grow and learn, to connect with others, and build relationships with the people around you. You’ll have the space and resources to grow into the best version of yourself. Because our number one investment is you.

Creating an award-winning culture doesn't come easy. And after 160 years, we know Commerce Bank is only at its best when our people are. If this sounds interesting to you, keep reading and let’s talk. 

Compensation Range

Essential Functions

• Assign and track repossession orders via vendor portals

• Remarket and liquidate bank-owned assets to positively impact both direct and indirect consumer loan net losses while remaining compliant with repossession laws and Bank policies and maintaining an acceptable level of quality assurance and productivity

• File physical damage insurance claims, request ancillary product cancellation refunds, and negotiate fees to further reduce per unit losses

• Interact with outside vendors, including repossession agents, forwarders, dealerships, etc.

• Generate, send and track regulatory required notifications to borrowers

• Negotiate with borrowers, vendors, etc. as needed

• Ensure proper documentation and account maintenance

• Coordinate collateral and/or personal property redemption

• Contact originating dealership for ancillary product cancellation

• Perform other duties as assigned

Knowledge, Skills & Abilities Required

• Basic knowledge of repossession and remarketing platforms, such as AutoIMS, IBEAM

• Basic knowledge of lien perfection and repossession laws/regulations

• Ability to maintain a high degree of confidentiality

• Motivated and organized self-starter with strong attention to detail and the ability to manage multiple priorities

• Inquisitive, agile and strong team player with excellent written, verbal and interpersonal communication skills

• Ability to remain adaptable and resilient to all situations with an optimistic outlook and cast a positive shadow that is aligned with our culture and Core Values

• Basic level proficiency with Microsoft Word, Excel and Outlook

Education & Experience

• High School Diploma or equivalent combination of education and experience required

• 1+ year related customer service experience required

• Collections experience preferred

*** For individuals applying, assigned and/or hired to work in areas with pay transparency requirements, Commerce is required by law to include a reasonable estimate of the compensation range for some roles.  This compensation range is for the Repossession Specialist I job and contemplates a wide range of factors that are considered in making compensation decisions, including but not limited to location, skill sets, education, relevant experience and training, licensure and certifications, and other business and organizational needs. The disclosed range estimate has not been adjusted for any applicable differentials (geographic, bilingual, or shift) that could be associated with the position or where it is filled. At Commerce, compensation decisions are dependent on the facts and circumstances of each situation. A reasonable estimate of the current base pay is $19.00 to $21.90 per hour.

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The candidate selected for this position may be eligible for the following employment benefits: employer sponsored health, dental, and vision insurance, 401(k), life insurance, paid vacation, and paid personal time. In addition, we offer career development, education assistance, and voluntary supplemental benefits.  Click here to learn more.

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