The Arrears Collection Officer is both an interesting and responsible role that requires a proactive individual responsible for contacting customers/third parties for the purpose of obtaining outstanding payments on the gradual discharge of arrears.
The position involves a large amount of communication by telephone, letter and e-mail. Also required will be the day to day processing and administration.
The Arrears Collection Officer’s role involves
· Initiating contact with customers
· Maintaining regular communication with customers
· Negotiating acceptable payments taking into account the clearance of arrears and determining the individuals budget and income.
· Consult with legal representatives, third party agency.
· Instruct 3rd parties in the pursuit of attainable solutions
· Analyse technical situations
· Offer recommendations for course of action
· Demonstrate initiative and creativity in the delivery of specific cases
· Monitor 3rd party performance against service
· Maintain full and accurate records
· Demonstrate a flexible and positive attitude
· Work towards the achievement of set targets.
Business Management
The role of the Arrears Collection Officer is essential to the smooth running of the business unit that undertakes the cost-effective management of arrears cases. It is essential to the delivery of service to both clients and customers and requires that he/she:-
· Record and analyse information both accurately and fairly
· Is willing to be part of and fully support a successful team
· Demonstrates enthusiasm, interest, conviction
· Works towards full achievement of targets at personal and team level
· Complete assessment of each case
· Develop/bring with you a broad understanding of the mortgage business
· Interact with other business areas to develop team working and achievement
· Seek out improvement opportunities
· Become an expert
Skills and Knowledge
· Excellent communication skills- telephone/letter writing