Equipment Finance Loss Mitigation Specialist

Company Summary

Channel is a leading provider of small business loans and advances utilizing customized technology and business processes. Channel empowers and trains team members at all levels to make quick decisions to service our partners and ensure the flexibility and nimbleness needed to compete in today’s marketplace. If you are motivated by being part of a fast growing, nimble, and diverse organization where you can make a difference every day, Channel is the perfect home for you. We are shaped by people who are enthusiastic, self-motivated, flexible, and team oriented.

Established in 2009, Channel is the only full-service independent lender offering a single source solution for equipment finance and working capital exclusively through equipment finance companies for their small and mid- size business customers. To date, Channel has provided over $900 million in financing to over 10,000 businesses nationwide. The company is headquartered in Minnetonka, MN, with additional offices in Atlanta, GA, Des Moines, IA, and Marshall, MN.

Channel offers a flexible work environment where we encourage innovation and the growth of our team members. Compensation is negotiable and includes a base salary plus a monthly bonus plan designed to support company goals. Benefits include medical and dental plans, a generous PTO policy, an employer-match company 401K plan, life insurance, and long-term disability insurance plan.

Position Responsibilities

The Equipment Finance Loss Mitigation Specialist position will function as the primary contact for customer concerns regarding loan delinquency issues. The candidate will handle all aspects of collections from early stage to late stage and repossession/remarketing. The best candidates will be self-motivated, team-oriented and eager to be a part of a rapidly growing business.

Key Tasks

• Answer all customer communications in a friendly, professional, and timely manner
• Contact and collect on past due accounts and arrange for timely payments
• Draft modifications, settlement agreements and stipulations
• Coordinate inter-departmental responsibilities to ensure a timely customer response
• Process customer complaints, inquiries, authorizations, requests, and delivery follow up
• Process research and correspondence in relation to customer disputes and collection problem inquiries
• Enlist efforts of sales and senior management when necessary to accelerate the collection process
• Prepare daily, weekly, and monthly delinquency notices and reports

Skills and Specifications

• Strong verbal and written communication skills
• Excellent phone etiquette
• Critical thinker and possesses sound judgment
• Ability to synthesize information and draw conclusions
• Ability to discern when confidentiality must be observed
• Excellent organization skills and attention to detail
• Ability to prioritize work and shift priorities quickly
• Ability to perform in a high intensity, customer focused environment
• Ability to work flexible hours around business need
• High proficiency in Microsoft suites and ability to work efficiently through several software platforms

Education and Qualifications

• 3 – 5 years’ experience in a high-volume equipment finance collections environment
• Repossession and Remarketing experience a plus
• Knowledge of billing and collections procedures
• Must be efficient with Microsoft Suite
• Bachelor’s Degree preferred if no prior related work experience
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