Repossession Specialist
AB Volvo, Greensboro, NC, United States
Transport is at the core of modern society. Imagine using your expertise to shape sustainable transport and infrastructure solutions for the future. If you seek to make a difference on a global scale, working with next-gen technologies and the sharpest collaborative teams, then we could be a perfect match.
Do you believe that people are the key to the success of an organization? Are you someone who wants to impact the bottom line of our business and that of our customers? Do you want variety, unique challenges, and opportunities to grow? If yes, keep reading to find out how you can be a part of the Repossession Team here at Volvo Financial Services, a part of the Volvo Group.
What do you picture when you hear the title “Repossession Specialist”? If it’s hooking a vehicle to a tow truck under the cover of darkness, think again.
As a Repossession Specialist with VFS, you impact the bottom line by protecting and securing financed assets that are in default of the contractual obligation. You’ll partner with internal teams such as credit, account resolution, customer service, remarketing, accounting, sales, legal and capital market resources.
In this role, you will leverage your negotiation, scheduling, relationship management, organization and prioritization skills (among others) to move assets through the repossession process. You’ll work closely with qualified external agencies to ensure timely asset delivery to a safe haven or redemption from the current customer.
As a Repossession Specialist, you’ll have access to telematics technologies to assist in the location and recovery of assets. While this position requires attention to detail, organization and prioritization skills, you’ll also have the opportunity to build and grow relationships, analyze information and make business decisions.
Other duties and responsibilities include:
Evaluating market value to determine whether it is cost effective to repossess the equipment
Obtaining inspections, ordering Federal Tax Lien and UCC searches, issue proper Notice of Sale per state requirements and completion of condition report/itemized inventory
Insurance administration for repossessed assets including payment processing for repairs, total loss. Responsible for tracking repairs and ensuring proper completion of repairs
Ensuring equipment is ready for sale by properly documenting legal file requirements
Preparing updates on active repossessions, as well as internal periodic reports on unit status for asset management and insurance tracking
Reporting/creating repossession watchlists
Securing physical storage of all vehicles, including the management of storage, transportation expenses and repair costs associated with the unit
Negotiating and coordinating directly with customers regarding voluntary surrender of equipment, repayment of past due fees, late charges, taxes and any other items due
Partnering with the Legal/Bankruptcy/Litigation Departments in matters involving seizures, bankruptcy notifications and replevins
Liaising with the syndication and capital market group
Reporting needs on all units in the repossession process
Operating in compliance with collection, repossession, credit reference policies and legal requirements
Collaborating with Collateral Administration for title release of redeemed assets, hold title requests and UCC filing/extensions
Forward thinking to ensure costs of units are within guidelines and implantation of approved processes Works with Collateral Administration on title release and title concerns
Auditing compliance as deemed by Corporate Guidelines
Additional responsibilities as directed by the Account Resolution Manager
Who are you? You are a business professional with a passion for both relationships and process. You bring 1-2 years of experience in recovery, collections and/or repossession experience in commercial banking, consumer lending or equipment leasing. We’d love if you hold a BA/BS in business or a related field, but we also value on‑job experience and will consider candidates with a higher level of experience in lieu of a degree. Microsoft Office products (especially Excel) and customer management tools are your friends and you know how to make them work for you. You’ll also need a sound knowledge of local, state and federal regulations regarding repossessions.
You will be a part of an on‑site team in Greensboro, NC reporting to the Account Resolution Manager. Occasional travel may be required.
What are the keys to success for a Repossession Specialist at VFS?
They include, but are not limited to, impeccable attention to detail, the ability to prioritize and reprioritize as needed, the ability to build and grow relationships, a passion for learning our business and working cross‑functionally, and the desire to build solid financial counseling skills.
At the Volvo Group, we strive for a clear, transparent, and straightforward compensation approach, motivating you to contribute to the company’s growth. For this position, the base pay is set at $53,700.00 - $66,400.00 annually, and where applicable, bonus eligible. The range for this role, as well as final salary offered, is determined by several factors including, but not limited to, geographic location, work‑related knowledge, certifications, skills, education, and experience. In addition to these factors, we believe in the importance of pay equity and consider internal equity of our current team members as part of any final offer.
In addition to a solid package of compensation and benefits, plus you will enjoy:
Competitive medical, dental and vision insurance.
Generous paid time off.
Competitive matching retirement savings plans.
Working environment where your safety, health and wellbeing come first.
Focus on professional and personal development through Volvo Group University.
Programs that make today’s challenging reality of combining work and personal life easier.
All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, national origin, disability, or status as a protected veteran.
We value your data privacy and therefore do not accept applications via mail.
#J-18808-Ljbffr
Do you believe that people are the key to the success of an organization? Are you someone who wants to impact the bottom line of our business and that of our customers? Do you want variety, unique challenges, and opportunities to grow? If yes, keep reading to find out how you can be a part of the Repossession Team here at Volvo Financial Services, a part of the Volvo Group.
What do you picture when you hear the title “Repossession Specialist”? If it’s hooking a vehicle to a tow truck under the cover of darkness, think again.
As a Repossession Specialist with VFS, you impact the bottom line by protecting and securing financed assets that are in default of the contractual obligation. You’ll partner with internal teams such as credit, account resolution, customer service, remarketing, accounting, sales, legal and capital market resources.
In this role, you will leverage your negotiation, scheduling, relationship management, organization and prioritization skills (among others) to move assets through the repossession process. You’ll work closely with qualified external agencies to ensure timely asset delivery to a safe haven or redemption from the current customer.
As a Repossession Specialist, you’ll have access to telematics technologies to assist in the location and recovery of assets. While this position requires attention to detail, organization and prioritization skills, you’ll also have the opportunity to build and grow relationships, analyze information and make business decisions.
Other duties and responsibilities include:
Evaluating market value to determine whether it is cost effective to repossess the equipment
Obtaining inspections, ordering Federal Tax Lien and UCC searches, issue proper Notice of Sale per state requirements and completion of condition report/itemized inventory
Insurance administration for repossessed assets including payment processing for repairs, total loss. Responsible for tracking repairs and ensuring proper completion of repairs
Ensuring equipment is ready for sale by properly documenting legal file requirements
Preparing updates on active repossessions, as well as internal periodic reports on unit status for asset management and insurance tracking
Reporting/creating repossession watchlists
Securing physical storage of all vehicles, including the management of storage, transportation expenses and repair costs associated with the unit
Negotiating and coordinating directly with customers regarding voluntary surrender of equipment, repayment of past due fees, late charges, taxes and any other items due
Partnering with the Legal/Bankruptcy/Litigation Departments in matters involving seizures, bankruptcy notifications and replevins
Liaising with the syndication and capital market group
Reporting needs on all units in the repossession process
Operating in compliance with collection, repossession, credit reference policies and legal requirements
Collaborating with Collateral Administration for title release of redeemed assets, hold title requests and UCC filing/extensions
Forward thinking to ensure costs of units are within guidelines and implantation of approved processes Works with Collateral Administration on title release and title concerns
Auditing compliance as deemed by Corporate Guidelines
Additional responsibilities as directed by the Account Resolution Manager
Who are you? You are a business professional with a passion for both relationships and process. You bring 1-2 years of experience in recovery, collections and/or repossession experience in commercial banking, consumer lending or equipment leasing. We’d love if you hold a BA/BS in business or a related field, but we also value on‑job experience and will consider candidates with a higher level of experience in lieu of a degree. Microsoft Office products (especially Excel) and customer management tools are your friends and you know how to make them work for you. You’ll also need a sound knowledge of local, state and federal regulations regarding repossessions.
You will be a part of an on‑site team in Greensboro, NC reporting to the Account Resolution Manager. Occasional travel may be required.
What are the keys to success for a Repossession Specialist at VFS?
They include, but are not limited to, impeccable attention to detail, the ability to prioritize and reprioritize as needed, the ability to build and grow relationships, a passion for learning our business and working cross‑functionally, and the desire to build solid financial counseling skills.
At the Volvo Group, we strive for a clear, transparent, and straightforward compensation approach, motivating you to contribute to the company’s growth. For this position, the base pay is set at $53,700.00 - $66,400.00 annually, and where applicable, bonus eligible. The range for this role, as well as final salary offered, is determined by several factors including, but not limited to, geographic location, work‑related knowledge, certifications, skills, education, and experience. In addition to these factors, we believe in the importance of pay equity and consider internal equity of our current team members as part of any final offer.
In addition to a solid package of compensation and benefits, plus you will enjoy:
Competitive medical, dental and vision insurance.
Generous paid time off.
Competitive matching retirement savings plans.
Working environment where your safety, health and wellbeing come first.
Focus on professional and personal development through Volvo Group University.
Programs that make today’s challenging reality of combining work and personal life easier.
All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, national origin, disability, or status as a protected veteran.
We value your data privacy and therefore do not accept applications via mail.
#J-18808-Ljbffr