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Collateral Protection Insurance Jobs in New Hudson, MI

University of Michigan Credit Union

Collector

Ann Arbor, MI

$16.75 - $22.25/hr

Determines appropriate action to take for skip traces, legal filings (Small Claims and General Civil), repossessions, collection agencies, collateral protection insurance, titles related to secured ...

Roehm

Strategic Account Manager

Detroit, MI · Remote

Understand and monitor product costs / CM1 to protect margins and insure profitable growth and ... Help develop marketing collateral for assigned sub-segment(s) / territory * Working jointly with ...

Roehm

Strategic Account Manager

Detroit, MI · On-site +1

Understand and monitor product costs / CM1 to protect margins and insure profitable growth and ... Help develop marketing collateral for assigned sub-segment(s) / territory * Working jointly with ...

Aeris

Senior Solutions Engineer

Auburn Hills, MI · On-site

$140K - $165K/yr

Create demonstrations, reusable technical collateral, reference architectures, and proposal ... other protected status. As part of our hiring process, Aeris may conduct background checks to ...

All JobsCollateral Protection Insurance JobsCollateral Protection Insurance Jobs in New Hudson, MI

Collateral Protection Insurance information

See New Hudson, MI salary details

$11.2K

$69.7K

$91.8K

How much do collateral protection insurance jobs pay per year?

As of Aug 28, 2026, the average yearly pay for collateral protection insurance in New Hudson, MI is $69,748.00, according to ZipRecruiter salary data. Most workers in this role earn between $55,800.00 and $79,100.00 per year, depending on experience, location, and employer.

What is collateral protection insurance?

Collateral Protection Insurance (CPI) is a type of insurance policy that lenders purchase to protect themselves against loss or damage to property used as collateral for a loan, such as vehicles or real estate, when the borrower fails to maintain adequate insurance. If a borrower’s insurance lapses or is insufficient, the lender may buy CPI and charge the premium to the borrower. This coverage ensures the lender’s financial interest is safeguarded, but it may not provide the same coverage or benefits as standard borrower-acquired insurance.

What are the key skills and qualifications needed to thrive as a collateral protection insurance specialist?

To thrive as a Collateral Protection Insurance Specialist, you need a solid understanding of insurance principles, financial regulations, and risk assessment, often supported by a degree in finance, business, or a related field. Familiarity with insurance management software, loan servicing platforms, and relevant certifications such as an insurance license are typically required. Outstanding attention to detail, analytical thinking, and strong communication skills help professionals excel when analyzing policies and interacting with clients or stakeholders. These skills ensure accurate policy administration, regulatory compliance, and effective risk mitigation for lenders and their clients.

What are some common challenges faced by professionals working in collateral protection insurance and how can they be addressed?

Professionals in Collateral Protection Insurance often encounter challenges such as managing high volumes of policy tracking, dealing with incomplete borrower information, and ensuring regulatory compliance. Overcoming these obstacles requires strong organizational skills, proficiency with specialized CPI software, and effective communication with lenders and borrowers. Staying updated on industry regulations and participating in ongoing training can also help professionals navigate these complexities and deliver excellent service.

What is the difference between Collateral Protection Insurance vs Insurance Adjuster?

AspectCollateral Protection InsuranceInsurance Adjuster
CredentialsTypically requires licensing or certification in insuranceRequires state licensing and adjuster certification
Work EnvironmentOffice, field inspections, claims processingField inspections, claims assessment, office work
Employer & IndustryInsurance companies, lenders, auto dealershipsInsurance companies, independent agencies
Search & Comparison IntentUnderstanding coverage for financed assetsEvaluating claim adjustments and settlement processes

Collateral Protection Insurance focuses on insuring financed assets like vehicles, often used by lenders. Insurance Adjusters assess claims and determine payouts. While both roles involve insurance, they serve different functions within the industry.

Collateral Protection Insurance jobs near you
Infographic showing various Collateral Protection Insurance job openings in New Hudson, MI as of August 2026, with employment types broken down into 1% As Needed, 73% Full Time, 21% Part Time, and 5% Contract. Highlights an 91% Physical, 1% Hybrid, and 8% Remote job distribution, with an average salary of $69,748 per year, or $33.5 per hour.

Collector

Ann Arbor, MI

University of Michigan Credit Union
Commercial Banking • 51 - 200 employees

9.1

Company rating: 9.1 out of 10

Based on 5 frontline employees who took The Breakroom Quiz

Great coworkers

Good employer

Respectful managers

Learn more about University of Michigan Credit Unionexternal

$16.75 - $22.25/hr

Full-time

Medical, Dental, Vision, Retirement, PTO

Re-posted 21 days ago

Job description

Are you looking for an exciting new opportunity? Here at UMCU we are passionate about our team members’ growth, success and contribution to our amazing company culture. Consider joining the University of Michigan Credit Union (UMCU) a pillar of the local community for 70 years.
UMCU is currently searching for a bright, professional and friendly Collector to assist in all aspects of collection activities, including delinquent and charged-off loans and shares, NSF checks, and courtesy pay accounts that are not in compliance with program limitations. The Collector is also responsible for related legal action, settlement and debt workout situations, and possible restriction of services related to delinquent accounts.
Why join the UMCU Team?
  • Work with a high energy and collaborative group of supportive professionals.
  • We are committed to helping you own your career and grow professionally and personally.
  • Comprehensive benefits including low cost/high coverage medical, dental, vision, leave of absence and more!
  • Very generous paid time off and a very flexible work environment to help you find just the right work-life balance.
  • Tuition reimbursement and a student loan debt repayment program
  • Our Fidelity 401k program with employer match is one of the most generous you'll find.
  • From our parental leave, to pet insurance and home office credits, our benefits package is one of the best you'll find!
What will you be doing in this role?
  • Contacts members by telephone, letter, e-mail or in person to determine the reasons for the delinquent account and to assist the member in developing a plan to bring the account current
  • Ensures that co-signers and co-makers are promptly and continuously notified on the status of a delinquent account and provides notification as needed.
  • Initiates appropriate account restrictions to encourage the member to contact the Credit Union to make a payment or payment arrangements
  • Evaluates delinquent loan accounts and determines possible actions to assist member in repaying their obligations as agreed. This may include financial counseling, evaluating credit reports, and
  • Maintains high level of professionalism in regard to confidentiality and service in collection efforts
  • Monitor Fraud Software
  • Determines appropriate action to take for skip traces, legal filings (Small Claims and General Civil), repossessions, collection agencies, collateral protection insurance, titles related to secured collateral and bankruptcy processing following UMCU guidelines. Initiates and follows-through on any action taken on the assigned accounts.
  • Serves as UMCU representative in court hearings as assigned. Prepares any accounts to be recommended for charge-off
  • Continues collection efforts on previously charged-off loans
  • Assists in providing training to other department team members
  • Demonstrates responsibility for security of member information
  • Contributes to the improvement of credit union processes and procedures
  • Provides reports of collection activities
  • Maintains knowledge of laws and regulations affecting financial institutions policies and procedures
  • Volunteers in various activities sponsored by UMCU within the University of Michigan and Ann Arbor communities
  • Maintains knowledge of and follows all credit union policies and procedures regarding BSA, OFAC, U.S. Patriot Act, Anti-Money Laundering, S.A.F.E Act, CFPB regulations and Customer Identification Program BSA/etc.
  • Other duties as assigned
What you will need for this role:
  • Associate's degree, or a minimum of 3 years financial institution or collection agency experience is required
  • 1 year of collection experience is desirable
  • Sensitivity to confidential matters and ability to exercise discretion
  • Proficient in Microsoft Office – Word, Excel, PowerPoint and Outlook
  • Strong verbal and written communications skills
  • Must be a team player and possess a high energy “can do” attitude
Physical Demands/Work Environment
  • The environment is typical of an office atmosphere. The noise level in the environment is usually moderate
  • While performing the duties of this job, the team member is frequently required to sit; use hands to finger, handle, or feel; and talk or hear. The team member is required to stand, walk, and reach with hands and arms. The team member must occasionally lift and/or move up to 20 pounds. Specific vision abilities required by this job include close vision

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