Asset Recovery Specialist

2 weeks ago


Toronto, Canada Vault Credit Corporation Full time

**Who we are**:
Vault is a non-bank owned private lending company offering a wide array of financial services such as mortgages, business loans, equipment leasing as well as many other lending products. Vault has a devoted team of experts with years of experience in both financial services and real estate. We deliver products and services that meet our borrowers' diverse needs quicker and easier than any traditional sources

**Who you are**:
The successful candid responsibilities of this job, required work experience, skills, or education.

ate: You are a passionate and motivated by the success of recovering assets on defaulted finance agreements and achieving solid recoveries on the sale of the assets. You are also empowered to develop and share efficient processes which will support asset recovery techniques. In addition, you will resolve bad debt through various negotiation techniques and skip tracing efforts, work with bailiffs, research the fair market value of an asset and understand the debtor’s financial situation to foster sound decisions being made on the recovery. A team player who believes in the relentless pursuit of excellence.

**Essential Job Duties and Responsibilities**:

- Assist on accounts received for repossession to third party repossession companies as approved by the company.
- Assist the repossession department with communication with customers that want to pay to avoid repossession.
- Send notifications to customers regarding (Notice of Sale) the sale of the asset.
- Calculate deficiency balance once the sale proceeds have been received and sent deficiency letters on a timely manner
- Contact customers/insurance brokers to obtain insurance renewals and contact customers upon receipt of an insurance cancellation.
- Assist with all assigned accounts that are not in repossession through daily calls, letters, monitoring ACH transactions, etc.
- Negotiate pay off balances, settlements, or payment arrangements on past due and charged off accounts.
- Identify accounts which need to become non-accrual or charged-off early.
- Locate lessee through various skip tracing techniques
- Analyze lessee’s financial information by reviewing credit bureau reporting.
- Overcome lessee’s stalls and objections and suggest money sources for debt payment.
- Answer and respond to all incoming calls on assigned queues.
- Maintain daily and monthly performance standards set by management.
- Meet weekly with collections team to review accounts and progress.
- Maintain and update accurate account records, including accurate notes in Lease Plus/Aspire for every account activity or conversation held.
- Monitor payment arrangements placed by the Litigations Manager
- Other duties and special projects as assigned.

**Knowledge, Skills and Experience required (unless otherwise noted)**:

- High School diploma or GED required, plus a minimum of four (4) years collections experience in a commercial/consumer industry, preferably with past due accounts of over thirty (30+) days.
- Thorough knowledge and understanding of the structure and content of the English language including the meaning and spelling of words, rules of composition, and grammar.
- Interpretation of consumer credit reports including Equifax
- Excellent organizational and time-management skills. Must be detail oriented.
- Ability to research and understand the different types of equipment in the market to stay informed when working with the repossession companies.
- Strong interpersonal/internal customer service skills.
- Ability to assess if equipment is cost effective to pursue.
- Ability to research the asset fair market value and cost of recovery
- Effectively control costs of recovery (transport, bailiff costs etc.)
- Ability to make judgment calls in a quick & timely fashion.
- Ability to calculate figures and amounts such as interest and percentages.
- Ability to work well under the pressure of meeting tight deadlines in a timely manner.



  • Toronto, Canada Vault Credit Corporation Full time

    **Who we are**: Vault is a non-bank owned private lending company offering a wide array of financial services such as mortgages, business loans, equipment leasing as well as many other lending products. Vault has a devoted team of experts with years of experience in both financial services and real estate. We deliver products and services that meet our...


  • Toronto, Canada Paralucent Full time

    The Technology Risk Control Group is accountable to ensure effective Technology participation, challenge and reviews of Technology risk domains for all enterprise risk assessment processes (Risk Control Self-Assessment (RCSA), Change Initiative Risk Assessment (CIRA), Third Party Risk Assessment (TPRA) External Event Reviews and Operational Incident Reports)...

  • Senior Recoveries Analyst

    Found in: Talent CA C2 - 2 weeks ago


    Toronto, Canada First Capital REIT Full time

    Description First Capital [TSX: ] owns, operates, and develops grocery anchored open air centres in neighbourhoods with the strongest demographics in Canada. Through the expertise and collaboration of our team, we create thriving properties which generate value for businesses, investors and our neighbourhoods. As one of the Greater Toronto Area’s...


  • Toronto, Canada PSD Full time

    **About PSD Citywide** PSD Citywide is a full-service firm offering research, consulting services and software to the North American public sector market. Our client base includes hundreds of small, mid-sized, and large municipalities from across North America, provincial/state and federal government agencies, and private sector entities. We are an industry...

  • Product Manager, Customer Recovery

    Found in: beBee jobs CA - 2 weeks ago


    Toronto, Ontario, Canada Air Canada Full time

    Job Description Description Being part of Air Canada is to become part of an iconic Canadian symbol, recently ranked the best Airline in North America. Let your career take flight by joining our diverse and vibrant team at the leading edge of passenger aviation. As the Product Manager for Customer Recovery, you are a pivotal element in the digital...


  • Toronto, Canada Total Credit Recovery Full time

    **Total Credit Recovery Limited** is the leading and largest collection agency in Canada with over 350 employees across 4 provinces. We work with recognized portfolios and our clients are the largest financial and government institutions and recognized telecommunications companies. **Some work from home opportunities are available.** We are currently...


  • Toronto, Canada Total Credit Recovery Limited Full time

    We’re looking for **Junior Debt Counsellors to work from the comfort of their home in the Toronto area.** Ideally, you will possess strong communication skills, be computer savvy, and be confident in your ability to speak to debtors regarding payments. Prior experience in collections is not required for a junior role, just confidence! **In order to be...

  • Product Manager, Customer Recovery

    Found in: beBee S CA - 2 weeks ago


    Toronto, Canada Air Canada Full time

    Job Description Description Being part of Air Canada is to become part of an iconic Canadian symbol, recently ranked the best Airline in North America. Let your career take flight by joining our diverse and vibrant team at the leading edge of passenger aviation. As the Product Manager for Customer Recovery, you are a pivotal element in the digital...


  • Toronto, Canada COTA Health Full time

    **PEER SUPPORT SPECIALIST** **Health, Home and Community Program (HHC)** **One (1) Bargaining Unit, Permanent Full-Time position** **(Monday - Friday: 10:00 am - 6:00 pm)** **About Cota** If you're looking to contribute your expertise at a community-based organization making a positive impact in the lives of thousands of people each year - Cota would...

  • Call Center Agent

    1 week ago


    Toronto, Canada Total Credit Recovery Limited Full time

    **About Us**: Total Credit Recovery Limited (TCR) is the largest Canadian-owned receivables management company, servicing most major Canadian credit grantors. TCR is a progressive company in the financial sector, with over 350 employees in 4 offices across Canada. **Position Overview** We are currently seeking hard working, energetic, professional...


  • Toronto, Canada Madison Community Services Full time

    POSITION TITLE: Mental Health Case Manager - 1 Year Contract (Spanish-speaking) REPORTS TO: Program Manager, Case Management Programs Madison Community Services (Madison) is a non-profit agency whose mission is to promote independence, health, recovery, and community integration of persons with mental health challenges through the provision of case...

  • Specialist, Account Asset Reconciliation

    Found in: Jooble CA O C2 - 22 hours ago


    Toronto, ON, Canada Smart & Biggar Full time

    Smart & Biggar has been at the forefront of IP and technology law for over 100 years. We practice in every area of IP on behalf of an exceptional international clientele, and we are consistently ranked as Canada’s leading IP firm. We are committed to hiring people with different backgrounds and experience, who represent the best talent in their field. ...


  • Toronto, Canada AstraNorth Full time

    We are looking for a skilled AWS Database Specialist to join our team. You will be responsible for designing, implementing, and managing database solutions on Amazon Web Services. You will work closely with our development, architecture, and operations teams to ensure the availability, performance, and security of our database systems. **Requirements**: -...


  • Toronto, Canada PSD Full time

    **About PSD Citywide** PSD Citywide is a full-service firm offering research, consulting services and software to the North American public sector market. Our client base includes hundreds of small, mid-sized, and large municipalities from across North America, provincial/state and federal government agencies, and private sector entities. We are an industry...


  • Toronto, Canada Toronto Community Housing Full time

    Job #: **7552** - Division: **Information Technology Services** - Vacancy Type: **Full-time Permanent** - Affiliation: **Union: CUPE 79** - Contract Length: - Grade: **Subject to formal evaluation** - # of Vacancies: **1** - Salary/Hourly: **48.35 - 52.99** - Work Details (Days/hours): **35** - Posted Date: **2/8/23** - Existing or New: **New** - Deadline to...

  • Security Specialist – Senior

    Found in: Talent CA C2 - 2 weeks ago


    Toronto, Canada Global Pharma Tek Full time

    Title: Security Specialist – Senior Location: Toronto, ON – Hybrid Duration: Months Contract + possible extension Responsibilities: Defines, evaluates, and assesses security architecture requirements for systems environments and IT projects. Ensures the incorporation of IT security and contingency measures in the development of...

  • IT Asset Specialist

    5 days ago


    Toronto, Canada Sun Life Full time

    You are as unique as your background, experience and point of view. Here, you’ll be encouraged, empowered and challenged to be your best self. You'll work with dynamic colleagues - experts in their fields - who are eager to share their knowledge with you. Your leaders will inspire and help you reach your potential and soar to new heights. Every day, you'll...

  • Sales Operations Support Specialist

    Found in: Talent CA C2 - 2 days ago


    Toronto, Canada ISC Full time

    Company Name:ESC Corporate Services Ltd.Location: Toronto, OntarioStatus: Full-time Permanent Job Close Date: May 20th, 2024We are ESC, an experienced provider that delivers solutions uniting public records data, customer authentication, corporate services, collateral management, asset recovery, and accounts receivable management which support registration,...


  • Toronto, Canada Boat Rocker Media Full time

    **Job purpose** The purpose of the Digital Asset Manager role is to manage the storage and archiving of media assets across all business units within Boat Rocker Media. This includes organizing, updating, and maintaining media assets such as LTO tapes, audio and video files, images, and other digital assets in a secure and accessible environment. The Digital...

  • Paralegal

    2 weeks ago


    Toronto, Canada Total Credit Recovery Limited Full time

    **Who Are We?** Total Credit Recovery Limited (TCR) is the largest Canadian-owned receivables management company, servicing most major Canadian credit grantors. TCR is a progressive company with over 300 employees in four offices across the country. **What Will You Do?** - You will provide litigation support to meet the needs of TCR and its clients by...