We are seeking a skilled and experienced Commercial Debt Collector to join our dynamic team. The ideal candidate will be responsible for managing the collection of outstanding debts from businesses, negotiating payment plans, and overseeing the litigation process for accounts that require legal action. This role requires a strategic thinker with a strong understanding of commercial debt collection laws and litigation procedures.
Key Responsibilities:
Manage a portfolio of commercial accounts, ensuring timely collection of outstanding debts.
Contact debtors via telephone, email, and written correspondence to negotiate payment arrangements.
Conduct thorough investigations to locate debtors and assets for potential recovery.
Prepare and review documentation related to the collection process, including demand letters and settlement agreements.
Monitor and report on the status of delinquent accounts, providing regular updates to management.
Collaborate with attorneys and legal teams to refer accounts for litigation, ensuring all necessary documentation and evidence are accurately prepared and submitted.
Oversee the litigation process for assigned accounts, acting as the primary liaison between legal counsel and the company.
Ensure compliance with all federal, state, and local laws and regulations pertaining to debt collection, including the Fair Debt Collection Practices Act (FDCPA).
Participate in legal proceedings as required, including providing testimony and documentation in court.
Assist in the development and implementation of collection strategies to improve recovery rates and reduce delinquencies.
Qualifications:
Bachelor’s degree in Business, Finance, Law, or related field preferred.
Minimum of 3 years of experience in commercial debt collection, with a proven track record of successful debt recovery.
Knowledge of legal processes related to debt collection and litigation.
Strong negotiation and conflict resolution skills.
Excellent verbal and written communication abilities.
Proficient in Microsoft Office Suite and debt collection software.
Ability to work independently and manage multiple priorities in a fast-paced environment.
High level of professionalism and ethical standards.