Manager, Collections & Recoveries

4 months ago
Full-time
Senior
Operations
Forbright Bank

Forbright Bank

Forbright Bank is a full-service bank committed to sustainability and clean energy, offering a wide range of banking and lending services with a focus on decarbonization.

Banks
251-1K
Founded 2003

Description

  • Execute collections and recovery strategies across early- and late-stage delinquency and post charge-off accounts.
  • Monitor portfolio performance and identify trends, risks, and opportunities to improve outcomes.
  • Manage third-party subservicers and collection agencies responsible for delinquency management and charged-off recoveries.
  • Hold vendors accountable to KPIs, SLAs, and performance expectations and drive corrective action plans when needed.
  • Lead recurring weekly, monthly, and quarterly performance reviews and operational meetings with vendors.
  • Analyze collections and recovery data to understand delinquency and recovery drivers and translate findings into action.
  • Partner with internal analytics, Legal, and Compliance teams to improve processes and ensure policy and regulatory alignment.
  • Prepare and deliver regular performance reporting with clear trends, drivers, and actions taken.
  • Support forecasting and performance tracking for collections and recovery channels.
  • Identify, design, and implement process improvements and new collections tactics to improve scalability, borrower experience, and cost efficiency.

Requirements

  • Associate’s degree required; Bachelor’s degree preferred.
  • Minimum of 5 years of experience in collections, recoveries, or servicing operations, preferably in consumer lending.
  • Demonstrated experience managing third-party vendors or subservicers to deliver business outcomes.
  • Strong analytical skills with the ability to use data to drive performance improvements.
  • Knowledge of collections regulations and compliance requirements, such as FDCPA and CFPB guidance.
  • Proficiency with Microsoft Office tools, including Outlook, Word, PowerPoint, and Excel.
  • Excellent verbal, written, and interpersonal communication skills.
  • Strong project management rigor with the ability to manage priorities effectively.
  • Highly organized with strong time-management capabilities and attention to detail.
  • Self-motivated, adaptable, results-oriented, and able to work independently and collaboratively in a fast-paced environment.

Benefits

  • Comprehensive health, dental, and vision plans.
  • 4 weeks of PTO.
  • 401(k) with company match.
  • Metro SmartTrip benefits of $50 per month.
  • Remote or hybrid work schedules for most positions, including this remote role.
  • Incentives for purchasing solar panels, electric vehicles, and biking to work.
  • Paid subscriptions and reimbursements, including Veterans Compost, Capital Bikeshare, and Imperfect Foods.
  • Recognition as a top workplace by multiple industry and media awards.

Interested in this position?

Apply directly on the company website

Apply Now

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