Remarketing Specialist Jr (Finance)
Company Description
Ent Credit Union exists to improve the financial quality of life of the people we serve. This mission drives us every day, but we are more than our mission. We're also individuals using our unique abilities to make our organization, and the communities we serve, better than they were yesterday. We're a not-for-profit that puts people above profits and actively invests in our community. Our rapidly growing team is expanding our reach to serve more people throughout Colorado. To spread our mission far and wide, we need people like you. If you're interested in a paycheck with a purpose, apply with us today. Our people make the difference, and we truly believe you are our greatest asset.
Job Description
The primary role of this position is to dispose of repossessed collateral in a timely and efficient manner by monitoring the Repossessions on Hand Report and following up with auctions for sales. This will centralize the disposition process and ensure better follow-up and inventory control. Furthermore, this role is to increase the return on repossessed collateral and reduce net loss by using proper methodologies, and sound judgment to occasionally determine a repossessed vehicle's floor price when appropriate to ensure a greater return to the credit union by timely auction sales. The position will also, at times, be responsible for validating, using condition reports and mechanical inspections to determine the asset's overall marketability. Invoices to repossession agents, transport companies and auctions, etc., are to be reviewed and submitted to management in a timely manner along with submissions of titles to auction for prompt sales.
Essential Functions
- Documentation and vehicle processing: Prepare and send titles and all needed repossession affidavits/documents to the auctions. Document final sale and prepare deficiency letters to be sent to members. Process invoices. Review auction condition reports and use them as a tool to help determine vehicle values. Use pictures and damage estimates to submit the appropriate damage claim if needed.
- Liaison for auto auctions: Approve vehicle floor values using known methodologies such as NADA, Black Book, MMR reports, and auction condition reports to make approval/denials of sale bids. Assess reconditioning approvals/denials. Monitor and review the remarketing agency's website for follow-ups and add notes to our systems with all updates.
- Repossession support: Monitor Reposession's on-hand report weekly or as needed to communicate with auctions for the timely disposition of collateral. Inform management of any repossessed vehicle that due to condition and costs to sell etc. , may represent a loss at the auction to Ent. Complete valuations for repossession recovery decisions.
- Transportation of Collateral: Facilitate transport of vehicles to auction from repossession lots, repair shops, Service Center locations and work with transport companies to ensure vehicles are properly secured and the location of collateral properly listed on our systems at all times.
- Bank Secrecy Act: Remains cognizant of and adheres to Ent policies and procedures, and regulations pertaining to the Bank Secrecy Act.
Qualifications
Minimum Formal Qualifications for this Position
- High School Diploma/G.E.D. or equivalent.
- 2+ years' financial institution or similar experience.
- 1+ years' combined experience with auto auction sales, auto IMS condition reports, automotive remarketing strategies, title preparation, or related work experience. Pref
Technical or Specialized Knowledge/Skills:
- Ability to add, subtract, multiply and divide in all units of measure using whole numbers, common fractions, and decimals.
- Ability to learn and use the credit union's equipment and software programs.
- Ability to become familiar with the collection policies, State and Federal Laws, and department collection procedures.
- Organizational skills with the ability to manage multiple tasks, prioritize responsibilities, and maintain accurate records.
- Attention to detail to ensure all documentation, valuations, and communications are accurate and complete.
- Communication skills, both written and verbal, to interact with internal teams, external vendors, and management.
- Problem-solving ability to identify issues, assess risks, and take appropriate actions to address challenges in repossession and auction processes.
- Ability to work independently and as part of a team, managing tasks in a fast-paced environment with minimal supervision.
- Ability to evaluate and assess the condition of assets to make informed decisions regarding vehicle disposition and potential loss prevention.
- Analytical skills to review and interpret data, such as auction reports and valuations, for decision-making.
- Adaptability and flexibility to handle changing priorities, deadlines, and unexpected issues while maintaining productivity.
- None
- Standing - Occasionally
- Walking - Occasionally
- Sitting - Frequently
- Lifting - Rarely (40 Lbs)
- Carrying - Rarely
- Pushing - Rarely
- Pulling - Rarely
- Balancing - Rarely
- Stooping - Rarely
- Kneeling - Rarely
- Crouching - Rarely
- Crawling - Rarely
- Reaching - Occasionally
- Handling - Occasionally
- Grasping - Occasionally
- Feeling - Occasionally
- Talking - Frequently
- Hearing - Frequently
- Repetitive Motions - Frequently
- Eye/Hand/Foot Coordination - Occasionally
- Noises louder than normal speaking volume - Occasionally
- Temperature Changes - Rarely
- Atmospheric Conditions - Rarely
Additional Information
The pay range for this position is: $20 to $25 per Hour (S12)
Final compensation for this position will be determined by various factors such as relevant work experience, specific skills and competencies, education, certifications, and internal pay equity.
This position is eligible for our corporate bonus program based on company performance.
We anticipate this position to close on 01/17/2025. Please submit your application at your earliest convenience to be considered.
Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities.
Benefits Summary Sheet
The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor's legal duty to furnish information. 41 CFR 60-1.35(c)
