Collections Officer

5 months ago


Toronto, Canada Vault Credit Corporation Full time

**Collections Officer**

**Required Skills and Responsibilities**
- Strong written and oral communication skills are essential.
- Promptly notifying customers on the assigned task list of the delinquent monthly payment and collecting past due payments to bring the account back into good standing
- Evaluate a situation and advise customers of necessary actions and negotiate debt repayment.
- Follow up frequently for payment or commitments as per company process guidelines.
- Determine when legal action is required and act on these accounts with speed
- Accurately complete all documentation required in the required timelines when working on a file, according to company policy.
- Knowledge of contract terms and other contract documentation required to enforce the contracts effectively.
- Assist with the administration of loans in enforcement
- Accurately preparing discharge statements
- Provide documents and answer questions to assist the Lawyer handling the enforcement file
- Schedule property inspections with a property manager
- Keep the files updated with detailed notes, invoices, documents, and timelines
- Problem-solving and tactfully handling confrontational or stressful interactions
- Efficiently de-escalating complaints and always treating customers with integrity.
- Able to achieve exceptional results while maintaining high ethical standards and compliance with all policies and legislation.
- Ability to multitask and successfully perform in a high-pace environment.
- Work independently within a team to ensure service levels met
- To escalate to Management any queries beyond the scope of individual empowerment
- Diligently make notes and update client information in relevant software platforms.
- Good mathematical skills and ability to understand payment histories, calculate payouts and renewals
- Flexible and supportive of taking on other tasks as Management may request

**Requirements**:

- 3-5 years of collections experience
- Mortgage experience an asset
- Post-secondary education
- Good English oral and written skills. French is a bonus.



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