Debt Recovery Specialist

Salary Range for Debt Recovery Specialist in Activities Related to Credit Intermediation

The salary range for a Debt Recovery Specialist in Activities Related to Credit Intermediation is typically between $40,000 to $80,000 per year.

Sample Job Description for Debt Recovery Specialist in Activities Related to Credit Intermediation Industry

Job Objective:

The Debt Recovery Specialist Is Responsible For Managing And Collecting Outstanding Debts From Clients And Customers Of The Company. They Work Closely With Clients To Develop And Implement Debt Recovery Strategies That Are Effective And Ethical. They Also Ensure That All Legal And Regulatory Requirements Related To Debt Collection Are Followed.

Job Requirements:

1. Bachelor'S Degree In Finance, Business, Or A Related Field. 2. Knowledge Of Debt Recovery Laws And Regulations. 3. Excellent Communication And Negotiation Skills. 4. Ability To Analyze Financial Data And Make Informed Decisions. 5. Attention To Detail And Accuracy. 6. Ability To Work Independently And As Part Of A Team. 7. Strong Organizational And Time Management Skills. 8. Experience With Debt Collection Software And Tools. 9. Understanding Of Credit Reporting And Credit Scores. 10. Ability To Handle Confidential Information With Discretion.

Job Responsibilities:

1. Communicate With Clients And Customers To Collect Outstanding Debts. 2. Develop And Implement Debt Recovery Strategies That Are Effective And Ethical. 3. Maintain Accurate And Up-To-Date Records Of Debt Collection Activity. 4. Monitor And Analyze Customer Accounts To Identify Potential Delinquencies. 5. Research And Resolve Customer Disputes Related To Debt Collection. 6. Negotiate Payment Plans And Settlements With Customers. 7. Work With Legal And Regulatory Teams To Ensure Compliance With Debt Collection Laws And Regulations. 8. Provide Regular Reports On Debt Collection Activity To Management. 9. Assist In The Development And Implementation Of Policies And Procedures Related To Debt Collection. 10. Continuously Evaluate And Improve Debt Collection Processes And Procedures.

Top 10 Employers for Debt Recovery Specialist in Activities Related to Credit Intermediation:

1. JPMorgan Chase & Co - New York, NY - www.jpmorganchase.com 2. Wells Fargo - San Francisco, CA - www.wellsfargo.com 3. Bank of America - Charlotte, NC - www.bankofamerica.com 4. Capital One - McLean, VA - www.capitalone.com 5. Citibank - New York, NY - www.citibank.com 6. PNC Financial Services - Pittsburgh, PA - www.pnc.com 7. SunTrust - Atlanta, GA - www.suntrust.com 8. HSBC - New York, NY - www.hsbc.com 9. TD Bank - Cherry Hill, NJ - www.tdbank.com 10. Ally Financial - Detroit, MI - www.ally.com

Career Path for Debt Recovery Specialist in Activities Related to Credit Intermediation:

1. High School Diploma or GED 2. Associate's Degree in Business Administration or related field 3. Customer Service Representative 4. Collections Specialist 5. Debt Recovery Specialist (Recommended 2-3 years in this position)

Top 5 Countries by Debt Recovery Specialist in Activities Related to Credit Intermediation:

1. United States 2. Canada 3. United Kingdom 4. Australia 5. New Zealand

Top 5 Countries with Established Activities Related to Credit Intermediation:

1. United States 2. United Kingdom 3. Canada 4. Japan 5. Germany