Financial Services Organization
Director of Collections and Recovery
Hybrid-Wilmington, DE
Position Summary: The Head of Collections and Recovery is responsible for analyzing and developing strategies to achieve profitable growth while maintaining credit risk within acceptable levels. The position has the analytical abilities to translate business objectives into analytical frameworks and to solve them by optimally balancing different metrics.
Responsibilities:
Develop collection strategy to mitigate the portfolio risk
Develop portfolio performance monitoring metrics
Develop / refine loss forecast including timing curve to measure and keep track of the portfolio
Develop / refine delinquency forecasting for collection agency staffing and budgeting
Develop testing plan to test the effectiveness of the collection strategies
Monitor portfolio performance and identify opportunities to enhance underwriting
Develop recovery strategies to maximize the recovery income
Develop multi-channel recovery by adding legal and / or debt sale
Monitor recovery performance including recovery timing
Assist custom scorecard development
Securitization related activities including rating agencies’ data request and road show
Ad-hoc data requests
Experience & Qualifications:
Bachelor’s degree required in Business, Finance, Engineering, or STATs (Masters preferred)
Minimum of 8 years of consumer lending industry experience
Experience in credit risk management and collecting and recovery
A background in sophisticated quantitative environments in student loans / personal
loans / credit cards
Proficient coding skills n Python/SQL
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