Career Opportunities
At TEG, we pride ourselves on being more than just a financial institution. We’re a caring team committed to one another and to our members! TEG has offices located in Poughkeepsie, Fishkill, Beekman, Wappingers Falls, Newburgh and Hyde Park. We believe in making a difference for each other, our members, and our communities.
Assistant Vice President of Collections
- Job Title
- Assistant Vice President of Collections
- Job ID
- 27736452
- Location
- Poughkeepsie, NY 12603
- Other Location
- Description
-
At TEG Federal Credit Union, we pride ourselves on being more than just a financial institution; we are a caring team dedicated to each other and our community. We are seeking a motivated and creative Assistant Vice President of Collections to join our growing team in Poughkeepsie, NY. Our vision at TEG is to empower our members to embrace their financial wellbeing each and every day. TEG’s mission is to enrich the lives of our members by providing quality financial services within the credit union philosophy of ‘people helping people,’ while maintaining a strong financial foundation.
To further that effort, we are looking for an Assistant Vice President of Collections to direct and coordinate all collection activities within the credit union, ensuring compliance with credit union collection policy; preserve the credit union's assets through supervision of the collection department; direct the development of collection policy; manage collection activity to meet credit union goals and objectives.
What We’re Looking For (Qualifications):- Bachelor’s degree in business, finance, or similar preferred
- 3-5 years of experience directly working with collections and asset recovery
- In-depth understanding of and ability to interpret regulations affecting collection activities
- Knowledge of consumer and real estate lending practices and procedures
What You’ll Get (Perks & Benefits):- Generous annual bonus based on Credit Union performance
- Defined benefit plan (Pension)
- 401K with company match
- Complete health & welfare benefits package including medical, dental, and vision insurance
- Paid Time Off, and much more!
What You’ll Do as the Assistant Vice President of Collections (Responsibilities):- Direct and monitors collection activities for the credit union through the Collections Department
- Direct the activities of the Collections and Risk Mitigation staff
- Recommend modifications to procedures and/or policies due to regulatory or statutory changes
- Develop, propose, gain acceptance for, and implement collections program policy and strategy; develop procedural changes as compliance requires or new programs demand. Lead activity related to new product development and process initiatives with respect to collection programs, compliance changes, and record retention
- Ensure that delinquent accounts are controlled, delinquent payments are collected, and/or collateral is recovered
- Oversee and monitor the Overdraft Privilege program. Represents Credit Union in foreclosure actions and related functions
- Prepare monthly reports for management and Board of Directors. Recommend accounts for charge-off. Perform and/or monitor all functions necessary to complete the charge-off process. Authorize the allocation of payments on charge-offs to recovery accounts
- Participate in establishment of annual department budget and monitor performance to budget throughout the year
- Serve as member of TEG Federal Credit Union's Security Committee, and Policy Review Committee. Serve as a member of the Asset/Liability Committee to develop operating procedures that assure the credit union maintains sufficient levels of capital, liquidity and pricing spreads
What You'll Make (Salary):
$78,000 - $88,000 / year, with a generous annual bonus based on Credit Union performance.
APPLY NOW for immediate consideration!
TEG Federal Credit Union is an Equal Opportunity Employer. Applications are considered on the basis of skills, experience and qualifications without regard to race, age, creed, color, nationality, gender, sexual orientation, gender identity, marital status, military background, disability or any other legally protected status. All employment related decisions are made in accord with this policy.
