Asset/Collections Manager

Univest Financial Corporation (UVSP), has approximately $8.1 billion in assets and $5.2 billion in assets under management and supervision (as of December 31, 2024). Headquartered in Souderton, Pa. and founded in 1876, the Corporation and its subsidiaries provide a full-range of financial solutions for individuals, businesses, municipalities and nonprofit organizations in the Mid-Atlantic Region. For nearly 150 years, Univest has stayed true to our philanthropic spirit and the strength of our Committed to Local giving program is one of the things that differentiates us. In 2024, Univest donated $2.1 million to our local nonprofits and our employees volunteered more than 16,000 hours.

At Univest we invest in the success of our employees and customers. We offer our employees the ability to be their authentic selves, while fostering a culture and an environment that inspires change and inclusivity. We seek career-focused individuals, looking to bring passion and creativity to drive change. Our employees are encouraged to work collaboratively and embrace innovation to deploy needs-based financial solutions in the communities we serve.

We're hiring a Asset/Collections Manager to join our Equipment Financing Team.

Daily Job Functions/Primary Duties

Collection Management - Univest Capital:

• Contact:

• Monitor delinquency trends and call reports to ensure adequate effort is being used to collect past due accounts.
• Handle accounts that are more seriously delinquent or have larger balances and require more sophisticated handling.

• Administrative:

• Oversee that collectors are filing dunning letters and correspondence from and about delinquent customers.
• Oversee the processing of pay-off requests obtained from accounting, forward the information to the lessee, and maintain a record of the quote in Dollars (system) comments and process lien release requests.
• Chair the Collections Group's monthly delinquency/charge-off meetings.
• Draft, review, and update departmental Policy and Procedure Manual.

• Operational:

• Review incoming correspondence and distribute/send out letters and correspondence as needed.
• Update Dollars (system) collector notes for any follow-up calls.

• Post Charge-off Account Management:

• Coordinate with vendors, asset recovery companies, and others to repossess and remarket equipment.
• Work with attorneys to prepare and manage suits as directed by the Collections Group.
• Oversee all phases of litigation management, including selection of counsel, collections performance, and legal costs.
• Verify proofs of claim are filed timely in bankruptcies except no-asset Ch.7 filings.
• Ensure litigation account list with status and action plans is accurate and current.

• Ability to coach and develop a staff.
• Accountable for compliance with laws and regulations that apply to the position including the Univest Code of Conduct.
• Perform additional duties as assigned.

Excellent written, verbal negotiation, and relationship management skills.

Bachelor's degree in a business field and at least 10 years of experience collecting small business accounts including duties for workout accounts, litigation, bankruptcies, and collection agency management.

Experience recruiting, motivating, and managing collections staff.

Experience with issues related to secured lending including collateral liquidation, repossessions, and UCC filings.

Experience managing multiple information technology programs to collect different loan and lease products.

Innovative, efficient, able to multi-task, demonstrated evaluative ability, sound judgment-making, and background in a fast-paced environment.

Exposure to credit, loan origination, servicing, and core processing systems in addition to other ancillary software programs such as Microsoft Office Suite.

Demonstrated success in working with a variety of teams and ability to influence at all levels of the organization.

Demonstrated success in working with attorneys in the collection process.

Financial Services Industry and/or Legal experience is a plus.

Wage Range:

The salary for this position ranges from $60,400 to $105,200

Benefits Overview:

Univest offer's a comprehensive benefits package that includes:

• Health Insurance: Medical, dental and vision coverage (single or family; begins the first of the month following start date)
• Retirement Plan: Participation in 401(k) plan with up to a 3% employer match after 6 months of employment
• Paid Time Off (PTO): 20 days annually (prorated your first year)
• Short Term Disability: 10 days annually of sick time with a doctors note (prorated your first year)
• Holiday Time Off: 11 paid holidays
• We offer company paid life insurance: as well as other supplemental insurances
• Tuition reimbursement
• Employee Wellness programs: including fitness club discounts and fitness tracker discounts/ annual reimbursement
• Discounts: on loan products
• Professional development trainings

Click here for Benefit Information

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An Equal Opportunity Employer. Univest does not discriminate against any applicant for employment because of race, color, religion, religious creed, ancestry, national origin, age, sex, disability or protected veteran status.

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