Repossession Specialist Objective: To coordinate the repossession of and timely disposal of property that serves as collateral on company loans and leases. To control delinquency on outstanding leases two or more months past due and to collect the outstanding balance on lease receivable items. Description: Works accounts at every stage of delinquency through charge-off + Controls every stage of delinquency on outstanding lease accounts by providing specialized counseling to current and/or past due members and co-makers. + Determines reasons for delinquency and establishes equitable repayment arrangements, processes refinances of loans or leases. + Recommend loan extensions, new loans, or refinancing to members and the Credit Committee. + Remains alert to situations and patterns of activity which indicate fraud and, when fraud or forgery s suspected, refers accounts to Supervisor, Specialized Collections. + Responds to inquiries from members, dealerships, insurance companies, state and local governments, and other areas of company concerning lease accounts. + Investigates and resolves problems related to abandoned property, damaged vehicles, impoundments, and misapplied payments. + Evaluates the member's financial situation and determines the best approach to resolve the delinquency; recommends and assigns delinquent lease accounts for repossession. Coordinates the repossession process + Reviews member file to ensure proper documentation is available (e.g., lien recorded title, promissory note, etc.) before assigning property for repossession. + Selects repossession agents, negotiates feed for repossession, and coordinates delivery to location of sale. + Communicates to members, co-makers, and/or join owner all aspects of the repossession process. + Records all collection, repossession, activity, or member related contact. + Remains familiar with payment methods available to members (e.g., direct remittance, recurring deposits, Western Union Quick Collect, SpeedPay, etc.); works out a payment plan, refinance, or payoff of the account for members who want to redeem the vehicles after repossession. + Recommend accounts for charge-off. Coordinated the sale of repossessed property + Determines the best method to sell the property (e.g., auction, private sale, advertisement). + Oversees the timely sale of repossessed property to keep storage fees to a minimum. + Evaluates repossession agent reports, market data, and repossession process expenses to determine the best sale price of property. + Initiates the sale of property; receives and recommends approval of bids on property. + Negotiates sale price with buyers, wholesalers, dealers, and other purchases to maximize income and minimize losses to the institution. Ensures compliance and proper documentation for all processes and expenses related to repossessions + Ensures compliance with federal and state laws and all policies and procedures regarding repossessions and disposal of collateral. + Remains informed and complies with the Fair Debt Collection Practices Act (15 U.S.C. 19620), state consumer protection laws, and regulations. + Maintains records or repossessions and produces reports for management. + tracks all expenses insured during the repossession process and reconciles all expenses with general accounting. Work Environment – this position is 100% onsite in Winchester, VA Shift: Mon-Fri 8am-4:30pm Pay: $17  #eastpriority25 Pay and Benefits The pay range for this position is $17.00 - $17.00/hr. Eligibility requirements apply to some benefits and may depend on your job classification and length of employment. Benefits are subject to change and may be subject to specific elections, plan, or program terms. If eligible, the benefits available for this temporary role may include the following: • Medical, dental & vision• Critical Illness, Accident, and Hospital• 401(k) Retirement Plan – Pre-tax and Roth post-tax contributions available• Life Insurance (Voluntary Life & AD&D for the employee and dependents)• Short and long-term disability• Health Spending Account (HSA)• Transportation benefits• Employee Assistance Program• Time Off/Leave (PTO, Vacation or Sick Leave) Workplace Type This is a fully onsite position in Winchester,VA. Application Deadline This position is anticipated to close on Mar 18, 2025. About TEKsystems: We're partners in transformation. We help clients activate ideas and solutions to take advantage of a new world of opportunity. We are a team of 80,000 strong, working with over 6,000 clients, including 80% of the Fortune 500, across North America, Europe and Asia. As an industry leader in Full-Stack Technology Services, Talent Services, and real-world application, we work with progressive leaders to drive change. That's the power of true partnership. TEKsystems is an Allegis Group company. The company is an equal opportunity employer and will consider all applications without regards to race, sex, age, color, religion, national origin, veteran status, disability, sexual orientation, gender identity, genetic information or any characteristic protected by law.