Payment Specialist (63153)

Payment Specialist

Salary Range $23.00 - $26.00 Hourly

UEI College is a leader in post-secondary career education. Working at our employee-owned company is more than just a great career - it's an investment in yourself. Our mission is to drive personal and community transformation by empowering students to make a positive and enduring life change. We are consistently searching for like-minded compassionate professionals who strive to be the best in their respective fields. Our top candidates share our commitment to helping students build the skills to create a future of which they can be proud.

We are currently seeking a Payment Specialist to join our team. In this position you will perform cash collections activities for our institutional loans, private loans, cash payment plan collections, and past-due collections for all inactive student accounts. You will also assist the Collections Supervisor in coordinating the collection efforts between the institutional loan servicers and third party collection agencies. Ensure all regulatory requirements are adhered to in regards to collection activities. The Payment Specialist also has the opportunity to be eligible for a quarterly performance bonus based on collections goals met.

Successful candidates will be:

• Stay current and follow all HEOA Disclosure and Regulation Z requirements, including Truth in Lending and Consumer Financial Protection Bureau requirements applicable to collection activities.
• Responsible for outbound calls, e-mailing and/or sending letters to inactive students with past due balances to obtain payments.
• Ensures the collection goals assigned are met each month and strives to exceed this goal.
• Ensures the proper number of collection activities are performed per day/week to meet account collection goals set by supervisor.
• Perform skip tracing activities in locating borrowers.
• Assist Collections Supervisor in data collections and report preparation on an on-going basis as required.
• Making 80-100 outbound calls daily.
• Good skip tracing skills.
• Good knowledge of all system databases.
• Assist training of the Collection Associate.