About Job

Position Title: Consumer Collections

Locations: O'Fallon_MO

Time Type: Full time

Req ID: JR1086-O'Fallon_MO

At Midland, we’re proud to be a little different. You can see it in our bright orange signs-but there’s more to it than that. With our heartfelt and personalized approach, we’re focused on meeting every customer’s needs with the brightest solutions.

For more than 140 years, we’ve learned by serving customers skillfully with dedication and follow-through, we can brighten every interaction to drive our collective success. And this goes beyond traditional banking.

We foster programs that empower our communities, continuously invest in our employees, and actively pursue brighter futures for all.

Our humble ambition keeps us growing, giving back, and looking ahead. We’re innovating and optimizing our services to ensure we stay unique - providing strength you can count on with heart you can feel.

You might say we’re unlike any other bank.

And you’d be right."

At Midland States Bank, base salary is one component of our Total Rewards program. Exact compensation is determined by factors such as (but not limited to) education, skills, internal equity, and experience. This position offers additional compensation in the form of short-term incentives (i.e. bonus and/or commission) and may include long-term incentives (i.e. stock awards). Benefits for this role include comprehensive healthcare, well-being benefits, paid family leave as well as generous paid time off. Total Rewards also include banking perks, an Employee Stock Purchase Plan, 401K plan with company match and may include the opportunity to participate in our Non-Qualified Deferred Compensation plan. Incentives and benefits are subject to eligibility requirements.

Starting pay: $20.00-$24.00/hour

Position Summary

The primary purpose of this position is to maintain the bank’s interest by collecting past due consumer accounts in all stages of delinquency by minimizing losses due to repossessions, foreclosures and charge offs. To maintain personal and departmental goals for delinquency and charges offs on a monthly, quarterly and yearly basis through effective communication and loss mitigation strategies. Responsibilities are varied and require an existing knowledge of consumer collections.

Primary Accountabilities

Collect past due retail and mortgage loans through written, verbal, and in person customer contact.
Contact delinquent customers on a consistent time-line based procedure.
Keep accurate records of communications with customers and update current contact information in collections software.
Achieve departmental delinquency and charge off goals.
Minimize losses through effective loss mitigation techniques and strategies.
Identify and recommend advanced collection activities as needed to protect the banks interests.
Maintain knowledge of State and Federal collection statutes.
Analyze borrower financial statements to recommend and execute options such as loan modifications, short sales, and deeds-in-lieu of foreclosure.
The role requires occasional travel for training and team meetings, and willingness to travel periodically, to locations within market as needed.
May require work in a Midland office to ensure collaboration and support of internal and external customers.
Maintain compliance with all applicable regulations including, but not limited to, the Bank Secrecy Act (BSA).
Other duties as assigned.

Position Qualifications

Education/Experience:

Collect past due retail and mortgage loans through written, verbal, and in person customer contact.
Contact delinquent customers on a consistent time-line based procedure.
Keep accurate records of communications with customers and update current contact information in collections software.
Achieve departmental delinquency and charge off goals.
Minimize losses through effective loss mitigation techniques and strategies.
Identify and recommend advanced collection activities as needed to protect the banks interests.
Maintain knowledge of State and Federal collection statutes.
Analyze borrower financial statements to recommend and execute options such as loan modifications, short sales, and deeds-in-lieu of foreclosure.

Competencies:

Business insight
Cultivates innovation
Drives results
Makes sound decisions
Being a brand champion
Collaborates
Communicates effectively
Customer focus
Being Authentic
Emotional Intelligence
Self development
Being flexible and adaptable

At Midland States Bank, we believe that when we can bring our whole selves to work each day, we become happier, more comfortable, more confident and more excited to do great things for our customers, each other and our company. We’re proud to be an Equal Opportunity and Affirmative Action employer. At Midland, we recruit, employ, train, compensate and promote without regard to race, color, religion, gender, gender identity or expression, sexual orientation, national origin, genetics, disability, age, or veteran status. If you are looking for a place to grow, we encourage you to apply at Midland States Bank, because you belong here.

If you require reasonable accommodation in completing this application, interviewing, completing any pre-employment testing, or otherwise participating in the employee selection process, please direct your inquiries to Midland States Bank Human Resources at .

THIS JOB DESCRIPTION DOES NOT CONSTITUTE A CONTRACT FOR EMPLOYMENT

Compensation details: 20-24 Hourly Wage