Consumer Loan Collection/Recovery Manager jobs in Michigan
Consumer Loan Collection/Recovery Manager manages a group of collection/recovery supervisors and develops collection strategies to minimize "bad debt" portfolio loss. Responsible for initial and ongoing training for all subordinate personnel. Being a Consumer Loan Collection/Recovery Manager requires a bachelor's degree. Typically reports to a top management. The Consumer Loan Collection/Recovery Manager typically manages through subordinate managers and professionals in larger groups of moderate complexity. Provides input to strategic decisions that affect the functional area of responsibility. May give input into developing the budget. To be a Consumer Loan Collection/Recovery Manager typically requires 3+ years of managerial experience. Capable of resolving escalated issues arising from operations and requiring coordination with other departments. (Copyright 2024 Salary.com)
Recently Added Consumer Loan Collection/Recovery Manager jobs
Consumer Loan Accounting Manager
- Comerica Bank
-
Detroit, MI
FULL_TIME
-
Consumer Loan Accounting Manager
The Consumer Loan Accounting Manager is responsible for the management and supervision of the Bank's residential mortgage and consumer loan accounting functions and team members, which includes residential mortgage, HELOCs and other consumer loan products. The Manager also supports the accounting department's monthly close processes as well as ensures accurate external financial reporting is provided for consumer loan activities. The role will have a particular focus on providing meaningful financial analysis and driving business process efficiencies and automation.Position Responsibilities:
Accounting Operations Management- Oversee and manage the Consumer Loan Accounting team to ensure timely and accurate accounting for loan origination, settlement and servicing activities, including review of journal entries and account reconciliations to ensure proper accounting.
- Reviews the consumer financial loan activity (disbursements, payments, adjustments, sales, and purchases), to ensure accurate processing on the loan servicing sub-systems and general ledger impacts.
- Manages compliance with general ledger and demand deposit account corporate reconciliation and aging standards for all consumer loan accounts.
- Assist Consumer Loan Center (CLC) business partners with the review and maintenance of the Consumer Loan Policies and ensure compliance with these policies effectuates accurate accounting treatment under US GAAP.
Change Agent and Project Coordinator- Serve as leader for Consumer Loan Accounting on digital transformation initiatives impacting the General Ledger or loan subledgers.
- Support the development and maintenance of the financial systems utilized in the Consumer Loan area, including overseeing testing of the system for enhancements and upgrades in coordination with IT and the Systems Support team.
- Make and implement recommendations which result in improvements to the integrity and quality of our consumer loan accounting processes, accounting policies and procedures along with the efficiency of the department.
Analytics and Financial Monitoring- Analyze revenue and expense trends and report on net interest margin categories by assisting with month-end close analysis.
- Prepare monthly financial analysis and coordinate with CLC business partners and business finance/FP&A for additional insights on performance trends.
- Manages external Loan Center financial reporting including Federal Reserve Call Reporting and the FHLB audit for accounting; comply with government regulations and maintain procedures for timely and accurate reporting.
- Lead all responses to risk management and internal control inquiries (including SOX) for the consumer loan accounting functional area, including providing relevant information to management, auditors, and regulators in accordance with monthly, quarterly, and annual deadlines.
Position Qualifications:- Bachelor's degree in accounting, finance, management, or related field
- 5 years of Experience in Accounting, Finance, or in Auditing (or a combination relevant to the job requirements)
- 3 years of Experience with financial analysis and reconciliations
- 3 years of Experience in management or supervision
- 2 years of Working on a project team or leading projects; experience with implementing systems and/or process changes
- Knowledge of consumer loan settlement processes and banking products
License or Certification:- CPA Preferred (or specialized experience, certification, license, or advanced degree in area of expertise)
8:00am - 5:00pm Monday - Friday This position offers a hybrid work model that includes onsite and remote days as determined by the manager.
Comerica is proud to be an Equal Opportunity Employer - veterans/individuals with disabilities, committed to workplace diversity. - 13 Days Ago
Sales and Loan Associate / Manager Trainee
- American Jewelry and Loan
-
Pontiac, MI
FULL_TIME
- Job Description We are Michigan's premier operator of pawnshops currently operating 5 locations in the Metro area including Pontiac, Hazel Park, Southgate, Lincoln Park and most notably Detroit, the h...
- 10 Days Ago
Consumer Loan Sales Specialist
- OneMain Financial
-
Livonia, MI
FULL_TIME
- At OneMain, Consumer Loan Sales Specialists empower customers - listening to their needs and providing access to friendly, fast, and affordable financing for life's expenses.ConsumerLoan Sales Special...
- 19 Days Ago
Consumer Loan Sales Specialist
- OneMain Financial
-
Flint, MI
FULL_TIME
- PUT YOUR CAREER IN MOTION AS A CONSUMER LOAN SALES SPECIALISTAt OneMain, Consumer Loan Sales Specialists empower customers - listening to their needs and providing access to friendly, fast, and afford...
- 20 Days Ago
Consumer Loan Officer
- Straits Area Fed Credit Union
-
Cheboygan, MI
FULL_TIME
- Why join Straits Area Federal Credit Union?Here at SAFCU, we take pride in giving our members the best experience and service available. In order to achieve our goal, we understand that it starts with...
- 20 Days Ago
Consumer Loan Supplier Analyst
- Comerica Bank
-
Auburn, MI
FULL_TIME
- CLC Supply AnalystThis position is tasked with managing some smaller supplier relationships supporting the bank and all employees. Often this is the first step in moving into higher level management o...
- 1 Month Ago
Consumer Loan Collection/Recovery Manager jobs at Popular Companies
Collections Manager
- Erisa Recovery
-
Dallas, TX
- Overview ERISA Recovery, a frontrunner in the Federal ERISA appeals process for collecting complex and aged claims, seek...
- 4/19/2024 12:00:00 AM
Collections Manager
- Stone Alliance Group
-
Westborough, MA
- Our client, headquartered in Westborough, MA is a national leader in providing sustainable restroom solutions and has se...
- 4/19/2024 12:00:00 AM
Collections Manager
- MATHESON
-
Irving, TX
- Collections Manager will be responsible for all aspects of credit and collections policy and procedures adherence for th...
- 4/19/2024 12:00:00 AM
Collections Manager
- Marcolin
-
Neshanic Station, NJ
- The Credit & Collections Manager is responsible for the strategic management and the day-to-day operations of the Credit...
- 4/18/2024 12:00:00 AM
Collections Manager
- Stone Alliance Group
-
Westborough, MA
- Our client, headquartered in Westborough, MA is a national leader in providing sustainable restroom solutions and has se...
- 4/17/2024 12:00:00 AM
Collections Manager
- ERISA Recovery
-
Dallas, TX
- Overview ERISA Recovery, a frontrunner in the Federal ERISA appeals process for collecting complex and aged claims, seek...
- 4/16/2024 12:00:00 AM
Collections Manager
- Marcolin
-
Branchburg, NJ
- The Credit & Collections Manager is responsible for the strategic management and the day-to-day operations of the Credit...
- 4/15/2024 12:00:00 AM
Collection Manager
- Leidos
-
Charlottesville, VA
- Description The National Security Sector within Leidos is seeking a Collection Manager to support our customer and work ...
- 4/9/2024 12:00:00 AM
About Michigan
Michigan consists of two peninsulas that lie between 82°30' to about 90°30' west longitude, and are separated by the Straits of Mackinac. The 45th parallel north runs through the state—marked by highway signs and the Polar-Equator Trail—along a line including Mission Point Light near Traverse City, the towns of Gaylord and Alpena in the Lower Peninsula and Menominee in the Upper Peninsula. With the exception of two small areas that are drained by the Mississippi River by way of the Wisconsin River in the Upper Peninsula and by way of the Kankakee-Illinois River in the Lower Peninsula, Michigan...
Source: Wikipedia (as of 04/11/2019). Read more from Wikipedia
Income Estimation for Consumer Loan Collection/Recovery Manager jobs
$86,123 to $128,307
Most Popular Cities in Michigan for Consumer Loan Collection/Recovery Manager Jobs
What does a Consumer Loan Collection/Recovery Manager do?
Consumer Loan Collection/Recovery Manager in Brockton, MA
The consumer loan collection recovery manager job description also includes that the collection recovery manager is responsible for the training of any subordinate employees (both initial and ongoing) and is responsible for any losses these personnel make.
February 20, 2020
Consumer Loan Collection/Recovery Manager in High Point, NC
The consumers targeted did not actually owe the debt being collected.
February 22, 2020
Consumer Loan Collection/Recovery Manager in Boulder, CO
DFI has received complaints from Washington consumers who received threatening emails from entities claiming to be “Ace Cash Services” and “Ace Cash.” It appears that this activity is a loan collection scam.
December 31, 2019