• Loss Mitigation Specialist (Repossession)

    Job Location
    United States-IL-Rolling Meadows
    Work Status
    Loss Prevention & Recovery
    FLSA Status
    Requisition ID
  • Start a Rewarding Career with Alliant

    Why Alliant?

    We’re not a typical financial institution – we’re better. We’re an innovative, strengths-based, highly-engaged group of professionals that are committed to our company and the communities we serve. We love to recognize and celebrate each other and get to wear jeans every day.


    Over 90% of our employees say we are a great workplace that is focused on our mission, vision and the future of banking.


    What makes this role rewarding?

    You will be responsible for the operational management of the underlying business processes and technical platforms, vendor relationships, and human capital resource necessary to support the repossession and recovery activities. Our ultimate goal is to prevent or minimize loss. The Loss Mitigation Specialist (Repossession) is responsible for managing the full recovery lifecycle.


    Do you see yourself doing this?

    • Prepare and submit repossession referrals to third-party recovery agents, ensuring skip-tracing and other pertinent information or documentation is shared
    • Will work directly with members to process redemptions, arrange for voluntary collateral surrenders and on establishing repayment plans (if applicable) on deficiency balances
    • Partner with other Loss Mitigation Specialists to determine if legal action is appropriate based on relevant criteria
    • Provide oversight to agents/vendors, ensuring appropriate performance metrics exist and are achieved
    • Identify continuous operational improvement opportunities and service efficiency initiatives; recommend solutions, and lead the implementation of agreed upon changes


    What makes you a great fit?

    You’ll be a great fit if in addition to the completion of a Bachelor’s degree, 3-5 years in collateral recovery/loss mitigation, and you have:

    • Deep functional knowledge relating to lending and collections laws particularly in repossession, and recovery
    • Must be results driven, customer-service and quality-focused, and have the ability to work in a fast-paced, team oriented environment
    • Must possess excellent communication, organizational and problem solving skills
    • Must possess higher level knowledge of regulations relating to lending or collection laws


    When you’re happy, we’re happy!

    As a thank you for joining our team, you’ll benefit from:

    • Casual dress code
    • Competitive medical, dental, and free vision benefits
    • On-site massages and contributions towards gym memberships
    • Generous PTO and banking holidays off

    Still not convinced?

    We’re on the list of 100 Best Medium Companies to work for, check it out here. For more details, you can also visit our Glassdoor and LinkedIn profiles.



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