Vice President of Collections and Loss Prevention

Vice President of Collections and Loss Prevention About the Company Large credit union in Alabama, dedicated to providing exceptional financial services to its members. Industry Financial Services Type Privately Held Founded 1966 Employees 201-500 Categories Banking Finance Financial Services Specialties Banking Financial Credit Union Membership About the Role We are seeking a dynamic Vice President of Collections and Loss Prevention to spearhead our Collection and Loss Prevention operations. This pivotal role aims to protect the company's assets by efficiently managing daily operations within the Collections department, including staff development and performance management. You will implement and optimize effective processes to control and recover delinquent accounts. Your responsibilities will encompass preparing charge-offs, overseeing repossessed collateral sales, conducting fieldwork, and remaining informed about legal and technical advancements in collections. You will have the opportunity to shape departmental policies, analyze trends in loan underwriting, and engage proactively in strategic planning to support future staffing and resource requirements. Ideal candidates will possess a Bachelor’s degree coupled with 5-10 years of relevant management experience. A robust background in collections and loss prevention is essential, with specific expertise in charge-offs, repossessed collateral sales, and fieldwork. We seek a collaborative leader who excels in team management, policy development, and working closely with senior management on credit risk initiatives. A strategic mindset and a keen ability to identify underwriting trends and industry developments are vital for success in this role. Hiring Manager Title SVP Finance and Administration Travel Percent Less than 10% Functions Finance Operations