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Collection Repossession Specialist Jobs (NOW HIRING)

First Bank

Audit & Collections Specialist

Greenville, SC · On-site

$17.50 - $23.50/hr

Maintain communication with the Sales Team concerning collection/repossession efforts. Coordinate transport of repossessed units if management makes decision to secure collateral at auction.

KYYBA

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Repossession Representative

Fort Worth, TX · On-site

$16 - $20/hr

Specialists are responsible for assessing repossession charges to the account, assigning the asset ... year collection experience Company Description Founded in 1998 and headquartered in Farmington ...

Addison Group

Collection Specialist

Tulsa, OK · On-site

$21/hr

Collection Specialist Industry: Financial Services Location (city, state): Tulsa, OK Assignment ... Recommend recovery actions, including collateral repossession or legal escalation, when necessary.

Volvo Group

Account Resolution Specialist

Greensboro, NC · On-site

$14 - $19.50/hr

... collection, repossession, credit reference policies and legal requirements. • Additional responsibilities as deemed appropriate by the Account Resolution Team Leader. • Audit compliance as deemed ...

Volvo Group

Account Resolution Specialist

Greensboro, NC · On-site

$14 - $19.50/hr

Assures compliance with collection, repossession, credit reference policies and legal requirements. Additional responsibilities as deemed appropriate by the Account Resolution Team Leader. Audit ...

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Yamaha

Collection Support Specialist II

Kennesaw, GA · On-site

$17 - $23/hr

Yamaha Motor Finance - US has openings for experienced Collections Support Specialist II . The ... Coordinate repossession activity for eligible delinquent accounts, including assignment, vendor ...

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Collection Repossession Specialist information

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How much do collection repossession specialist jobs pay per hour?

As of Sep 11, 2026, the average hourly pay for collection repossession specialist in the United States is $21.46, according to ZipRecruiter salary data. Most workers in this role earn between $17.79 and $24.04 per hour, depending on experience, location, and employer.

What does a collection repossession specialist do?

A Collection Repossession Specialist is responsible for recovering assets, such as vehicles or equipment, from individuals or businesses who have defaulted on their loans or lease agreements. They locate and communicate with borrowers to arrange payments or negotiate settlements, and if necessary, coordinate the physical repossession of the property. Their goal is to minimize financial losses for lenders while ensuring that all repossession activities comply with state and federal regulations.

What are the key skills and qualifications needed to thrive as a collection repossession specialist?

To thrive as a Collection Repossession Specialist, you need strong negotiation skills, knowledge of debt collection laws, and typically a high school diploma or equivalent. Familiarity with customer relationship management (CRM) systems, skip tracing tools, and repossession tracking software is commonly required. Excellent communication, resilience, and conflict resolution abilities are crucial soft skills for handling challenging interactions with clients. These competencies are essential for ensuring compliance, maximizing recoveries, and maintaining professionalism during sensitive financial situations.

How does a collection repossession specialist typically collaborate with other departments to ensure successful recoveries?

A Collection Repossession Specialist regularly works with customer service, legal, and asset management teams to coordinate the recovery process. They communicate with customer service representatives to gather updated client information and with the legal team to ensure all repossession actions comply with regulations. Asset management teams are also involved to track and secure recovered property. Effective collaboration ensures repossessions are handled efficiently, ethically, and in accordance with company and legal standards.

What is the difference between Collection Repossession Specialist vs Debt Collector?

AspectCollection Repossession SpecialistDebt Collector
CredentialsHigh school diploma, sometimes specialized trainingHigh school diploma, often required
Work EnvironmentFieldwork, repossessing assets from borrowersOffice and fieldwork, contacting debtors
Employer & IndustryLoan companies, financial institutions, repossession agenciesDebt collection agencies, financial institutions
Primary FocusRecovering physical assets or collateralCollecting overdue payments or debts

While both roles involve recovering owed money, a Collection Repossession Specialist primarily focuses on repossessing physical assets like vehicles or collateral, often requiring fieldwork and asset retrieval skills. In contrast, a Debt Collector mainly contacts debtors to recover overdue payments, often working in an office setting. Both roles are essential in the debt recovery industry but serve different functions based on the type of debt and recovery method.

What cities are hiring for Collection Repossession Specialist jobs?

Cities with the most Collection Repossession Specialist job openings:

What are popular job titles related to Collection Repossession Specialist jobs?

For Collection Repossession Specialist jobs, the most frequently searched job titles are:

Repossession Specialist M-F 8am-5pm

Grand Rapids, MI • On-site

Fifth Third Bank
See more jobs at Fifth Third Bankexternal

Full-time

Re-posted 10 days ago

Fifth Third Bank rating

7.6

Company rating: 7.6 out of 10

Based on 114 frontline employees who took The Breakroom Quiz

Job description

Make banking a Fifth Third better®
We connect great people to great opportunities. Are you ready to take the next step? Discover a career in banking at Fifth Third Bank.
GENERAL FUNCTION: Under moderate supervision, complete research utilizing skip tracing tools and process orders for voluntary, involuntary, and impound loan repossession assignments and reassignments while following all state and federal laws. Review and complete requests for repossession cancellations and redemptions. Review various additional repossession charges, including requests for additional towing, storage, or repair fees. Conduct research and approve, negotiate, or deny fees.
Responsible for risk by openly exchanging ideas and opinions, elevating concerns, and personally following policies and procedures as defined. Accountable for always doing the right thing for customers and colleagues and ensures that actions and behaviors drive a positive customer experience. While operating within the Bank's risk appetite, achieves results by consistently identifying, assessing, managing, monitoring, and reporting risks of all types.
ESSENTIAL DUTIES AND RESPONSIBILITIES:
  • Conduct research, utilize skip tracing tools, and evaluate data from multiple sources to make strategic actionable decisions
  • Submit voluntary, involuntary, and impound repossession assignments/reassignments using multiple systems
  • Monitor daily verbal and written correspondence regarding impounds, contact any third party that has possession of the Bank's collateral, and negotiate all storage/tow/repair charges.
  • Accurately process and document all requests for repossession cancellations and redemptions.
  • Reconcile and review vendor invoices to ensure agreed upon charges are paid and process adjustments to post repossession fees.
  • Follow state and federal laws to protect both the Bank and the customer.
  • Collaborative approach to identify and recommend solutions to issues.
  • Consistently meet or exceed commitments as defined by leadership.
  • Perform any other duties as assigned.

SUPERVISORY RESPONSIBILITIES: None
MINIMUM KNOWLEDGE, SKILLS AND ABILITIES REQUIRED:
  • High school diploma or equivalent required.
  • Minimum 2 years of collections, repossession, or equivalent work experience. Excellent verbal and written communication skills.
  • Strong experience with Microsoft office products, such as Word, Excel, PowerPoint, and Outlook.
  • Proficient with computer systems and keyboarding / data entry skills with moderate speed and accuracy.
  • Ability to work in a team environment, presenting a professional image and commanding the respect of peers and leadership.
  • General knowledge of collection laws, regulations, principles of credit lending, and risk management.
  • Utilizes a fair degree of independence and problem solving.
  • Ability to multi-task and be flexible while managing change.
  • Proficient with computer systems and keyboarding / data entry skills with moderate speed and accuracy.
  • Self-motivated, professional with strong organizational and problem-solving skills

#LI-EG1
Repossession Specialist M-F 8am-5pm
At Fifth Third, we understand the importance of recognizing our employees for the role they play in improving the lives of our customers, communities and each other. Our Total Rewards include comprehensive benefits and differentiated compensation offerings to give each employee the opportunity to be their best every day.
The base salary for this position is reflective of the range of salary levels for all roles within this pay grade across the U.S. Individual salaries within this range will vary based on factors such as role, relevant skillset, relevant experience, education and geographic location.
Our extensive benefits programs are designed to support the individual needs of our employees and their families, encompassing physical, financial, emotional and social well-being. You can learn more about those programs on our 53.com Careers page at: https://www.53.com/content/fifth-third/en/careers/benefits.html or by consulting with your talent acquisition partner.
LOCATION -- Grand Rapids, Michigan 49546
Attention search firms and staffing agencies: do not submit unsolicited resumes for this posting. Fifth Third does not accept resumes from any agency that does not have an active agreement with Fifth Third. Any unsolicited resumes - no matter how they are submitted - will be considered the property of Fifth Third and Fifth Third will not be responsible for any associated fee.
Fifth Third Bank, National Association is proud to have an engaged and inclusive culture and to promote and ensure equal employment opportunity in all employment decisions regardless of race, color, gender, national origin, religion, age, disability, sexual orientation, gender identity, military status, veteran status or any other legally protected status.

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