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Repossession Coordinator Jobs in Alabama (NOW HIRING)

Collections Specialist

Birmingham, AL · On-site

$17.25 - $23.50/hr

... coordinating equipment repossession efforts. • Assist collections manager with third party collection firms who may be working on collecting receivables deemed "bad debt" by Altec Capital. • ...

Repossession Coordinator information

What is a repossession coordinator?

Repossession Coordinators are professionals who manage the process of reclaiming property, such as vehicles or equipment, from individuals or businesses that have defaulted on loans or lease agreements. They coordinate with repossession agents, lenders, and sometimes law enforcement to ensure that repossessions are conducted legally and efficiently. Their duties often include reviewing accounts, arranging for pick-up of collateral, handling documentation, and communicating with borrowers about outstanding debts. By overseeing each step of the process, Repossession Coordinators help lenders minimize losses while ensuring compliance with state and federal regulations.

What skills and qualifications are needed to be a repossession coordinator?

To thrive as a Repossession Coordinator, you need strong organizational skills, attention to detail, and knowledge of repossession laws and procedures, typically supported by a high school diploma or equivalent. Familiarity with repossession management software, GPS tracking systems, and CRM platforms is often required. Outstanding communication, negotiation abilities, and conflict resolution skills help manage interactions with clients, agents, and debtors. These skills ensure efficient, legal, and professional handling of asset recovery while minimizing risks and maintaining positive stakeholder relationships.

What challenges do repossession coordinators face and how can they be managed?

As a Repossession Coordinator, you'll often encounter challenges such as coordinating logistics between lenders, repossession agents, and customers, managing tight deadlines, and handling sensitive conversations with individuals facing asset recovery. Effective communication, strong organizational skills, and a thorough understanding of compliance regulations are crucial to navigating these challenges. Building positive relationships with vendors and maintaining meticulous records can also help streamline the process and reduce potential conflicts.

What is the difference between Repossession Coordinator vs Repossession Agent?

AspectRepossession CoordinatorRepossession Agent
CredentialsTypically requires a high school diploma or equivalent; some roles prefer certifications in repossession or collectionsHigh school diploma or equivalent; often required to have a valid driver’s license and sometimes specific repossession certifications
Work EnvironmentOffice-based with field visits; coordinating repossessions and managing schedulesPrimarily fieldwork, locating and repossessing vehicles or assets
Employer & IndustryFinancial institutions, leasing companies, and repossession agenciesRepossession agencies, lenders, and financial institutions

In summary, Repossession Coordinators focus on organizing and managing repossession processes, often working both in the office and in the field, while Repossession Agents are primarily responsible for physically locating and recovering assets. Both roles require similar credentials and industry experience, but their daily tasks and work environments differ.

What are popular job titles related to Repossession Coordinator jobs in Alabama?

For Repossession Coordinator jobs in Alabama, the most frequently searched job titles are:

What job categories do people searching Repossession Coordinator jobs in Alabama look for?

The top searched job categories for Repossession Coordinator jobs in Alabama are:

Collections Specialist

Altec

Birmingham, AL • On-site

$17.25 - $23.50/hr

Full-time

Medical, Dental, Life, Retirement, PTO

Re-posted 7 days ago


Altec rating

8.3

Company rating: 8.3 out of 10

Based on 112 frontline employees who took The Breakroom Quiz

119th of 499 rated machine equipment manufacturers


Job description

Responsibilities
Altec Capital Services, a division of Altec, is hiring a Collections Specialist in Birmingham, AL (Corporate Location). This position focuses on collecting outstanding lease payments and working through customer service issues that relate to customer payments. Major responsibilities include the following:
• Respond to customer billing inquiries that affect payment of outstanding invoices.
• Perform audits on the customer's account and if necessary work with lease accountants to reconcile billing issues in a timely manner to expedite customer payments.
• Make courtesy calls to new clients to ensure timely payments and respond to "first bill" inquiries.
• Assist collections manager with coordinating equipment repossession efforts.
• Assist collections manager with third party collection firms who may be working on collecting receivables deemed "bad debt" by Altec Capital.
• Manage default deadlines and mail default notices to customers.
• Promptly contact custom er upon receipt of returned checks or ACHs due to non-sufficient funds.
• Document all communications with the customer in LeaseWave.
• Other duties as assigned.
Please apply directly on our website https://jobs.altec.com/
Education, Experience, and Skills Required
• High School degree or equivalent required
• 3+ years of prior accounts receivable collections experience required
• Strong communication skills
• Demonstrate the ability to work independently
• Maintain company confidentiality
• Customer service oriented
Should the selected candidate meet the qualifications of a more experienced level in the career path, the job level may be adjusted.
Since 1929, Altec has been a company committed to excellence, consistently raising the bar through innovative design, manufacture, integrated safety features, and a continued dedication to total customer satisfaction. Altec is present in more than 100 countries throughout the world supporting the electric utility, telecommunications, contractor, lights and signs, and tree care markets. Altec Capital offers customized lease and purchase financing solutions, to make every purchase more affordable and convenient for our customers. We are known for lifting products -- bucket trucks, cranes, and equipment used to help people access tough-to-reach places -- but the success starts with thousands of associates who come together to Reach Higher!
Altec Values (in alphabetical order): Customer First - Enjoyment of Work - Family - Financial Stability - Integrity - People are our Greatest Strength - Quality - Spiritual Development - Teamwork
Competitive pay which rewards performance
Comprehensive benefits including Medical, Dental and Prescription Drug Program - Retirement 401(k) Program - Vacation and Holidays - Flexible Spending Accounts - Tuition Assistance Program - Employee Assistance and Mental Health/Substance Abuse Program - Life Insurance, Accidental Death and Dismemberment Insurance
EEO Statement
Altec Industries, Inc. and its affiliates are equal opportunity employers and maintain affirmative action plans to recruit, retain, develop, and promote qualified individuals without unlawful consideration of race, gender, color, religion, sexual orientation, gender identity, national origin, age, disability, citizenship status, veteran status, or any other characteristic protected by federal, state or local law. Altec strives to maintain a work environment free from unlawful discrimination and harassment, where associates are treated with respect and dignity.

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