The Director of Collections is responsible for evaluating and implementing strategies that drive profitable growth while keeping credit risk within acceptable boundaries. This role requires strong analytical skills to convert business goals into data-driven frameworks and develop solutions that effectively balance various performance metrics.
location: Wilmington, Delaware
job type: Permanent
salary: $180,000 - 200,000 per year
work hours: 9 to 5
education: Bachelor's degree
experience: 8 Years
responsibilities:
Key Responsibilities:
- Design and implement strategies to minimize portfolio risk.
- Establish key performance indicators to track portfolio performance.
- Develop and enhance loss forecasting models, including timing curves, to measure and monitor portfolio trends.
- Create and refine delinquency forecasting models for staffing and budgeting of collection agencies.
- Formulate testing frameworks to evaluate the effectiveness of collection strategies.
- Analyze portfolio trends and identify opportunities to improve underwriting policies.
- Develop and execute strategies to maximize recovery income.
- Expand recovery efforts across multiple channels, including legal proceedings and debt sales.
- Track and assess recovery performance, focusing on recovery timelines.
- Assist in the development of custom credit scoring models.
- Support securitization activities, including responding to data requests from rating agencies and participating in roadshows.
- Handle ad-hoc data analysis requests as needed.
qualifications:
Qualifications & Experience:
- Bachelor's degree in Business, Finance, Engineering, or Statistics (Master's degree preferred).
- At least 8 years of experience in the consumer lending industry.
- Strong background in credit risk management, collections, and recovery processes.
- Experience working in advanced quantitative environments within student loans, personal loans, or credit card industries.
- Proficiency in programming languages such as Python, SAS, and SQL.
skills: SQL
Equal Opportunity Employer: Race, Color, Religion, Sex, Sexual Orientation, Gender Identity, National Origin, Age, Genetic Information, Disability, Protected Veteran Status, or any other legally protected group status.
At Randstad, we welcome people of all abilities and want to ensure that our hiring and interview process meets the needs of all applicants. If you require a reasonable accommodation to make your application or interview experience a great one, please contact HRsupport@randstadusa.com.
Pay offered to a successful candidate will be based on several factors including the candidate's education, work experience, work location, specific job duties, certifications, etc. In addition, Randstad offers a comprehensive benefits package, including health, an incentive and recognition program, and 401K contribution (all benefits are based on eligibility).
This posting is open for thirty (30) days.
