Collections Supervisor
About Figure
Figure is revolutionizing financial services with its disruptive technology platform. Our flagship product is the #1 non-bank HELOC in America. We’re delivering new consumer lending products and a capital markets ecosystem that maximize efficiency and transparency – by capitalizing on our loan origination activities, extensive network of partners, and growing pool of assets.
Join a team of 450+ people at Figure who have originated $11+ billion in loan volume. We’re very profitable and growing fast.
Figure has raised $469 million from top investors like Ribbit Capital, DST, Apollo, and Morgan Creek.
FastCo Most Innovative Companies
Forbes Top 50 Blockchain Companies
About the Role
The Collections Supervisor will oversee the daily operations of the 0-60 day delinquent collections team for all Figure serviced products. The Collections Supervisor will be accountable for individual collectors and overall team performance. Primary KPI for this role will be 0-30 and 30-60 day role rates. This includes, but is not limited to: building out processes and procedures (for collections and loss mitigation strategies), assessing day to day performance, quality of work, and goal setting. Directs development and implementation of strategic plans; ensures projects are designed and implemented efficiently and effectively; directs departmental business continuity planning to minimize risk. This position reports to the Director of Servicing and will be based in the office (hybrid).
What You’ll Do
- Develop and implement strategies to improve collection processes and efficiencies to maximize recovery and reduce roll rates
- Actively hire, train, manage motivate, and coach a team of collectors through performance coaching and ongoing training to ensure consistent optimal performance and successful achievement of department goals
- Insure compliance of the collections group with all applicable laws and regulations
- Prepare regular reports on collections activities, presenting data and insights to upper management to identify trends and recommend strategies
- Define system capabilities, evaluate current and potential technology use and the need for improved performance
- Continuous development of incentive plan for the collectors that coincides with monthly/quarterly goals
- Collaborate with cross-functional teams, including legal, compliance, and customer operations, to enhance processes and resolve escalated customer issues.
- Conduct frequent department meetings to provide organizational, department and industry updates and facilitate the training and coaching of team members as needed
- May include management of 3rd party collection vendor and other 3rd parties such as vendors performing field visits
- Additional duties and assignments as needed
What we look for:
- Hands on manager with 4+ years of collections/default manager experience preferably in the Mortgage/HELOC space and in early stage delinquency management
- Proven track record of meeting or exceeding collections targets
- BA/BS degree preferred
- Strong knowledge of regulations relative to debt collection such as CFPB rules, FDCPA, TCPA, Bankruptcy and secondary market investor guidelines
- Proficiency in using collections software and systems.
- Exceptional organizational and time management skills, with the ability to prioritize and handle multiple tasks simultaneously.
- Analytical mindset, with the ability to analyze data, identify trends, and make data-driven decisions.
- Excellent verbal and written communication skills, with the ability to effectively negotiate and persuade customers to resolve outstanding debts
- Exercises independent judgment in methods, techniques, and evaluation criteria for obtaining results
- Proficient with Microsoft Office Suite, comfortable creating reports for upper management, cross-functional, and investors
- Compensation Range: $70,400 - $72,000
- 25% bonus target
- Equity stock options package
- This is the compensation range for the United States, actual compensation may vary based on individual candidate experience, location, or evolving business needs
Benefits
- Comprehensive health, vision, and dental insurance with 100% employer-paid premiums for employees and their dependents on select plans
- Company HSA, FSA, Dependent Care, 401k, and commuter benefits
- Employer-funded life and disability insurance coverage
- 11 Observed Holidays & Accrued PTO plan
- Up to 12 weeks paid family leave
- Continuing education reimbursement
Depending on your residential location certain laws might regulate the way Figure manages applicant data. California Residents, please review our California Employee and our General Workforce Privacy Notice for further information. By submitting your application, you are agreeing and acknowledging that you have read and understand the above notice.
Figure will not sponsor work visas for this position. In compliance with federal law, all persons hired will be required to verify identity and eligibility to work in the United States and to complete the required employment eligibility verification form upon hire.
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