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Posted: Saturday, February 3, 2018 9:34 PM

Under direct supervision of the Loss Mitigation Team Leader, the Loss Mitigation Account Representative performs recovery efforts to minimize losses on accounts that are identified as impounds, total loss or substitution of collateral. In addition, this team member may have responsibility for expired loans or other small balance accounts. This team member has contact with customers, insurance agents, repossession agents and other outside agencies.
+ Review and monitor all total loss, impounds, substitution of collateral or expired loan queues on a daily basis.
+ Properly document all account activity in the computer system.
+ Assist insurance adjusters with requests, questions and problems regarding any pending claim settlements.
+ Initiate contact with customers or agencies in an effort to negotiate payments or to satisfy any deficiency balances. Calls are generated by manual dialing and by predictive dialer.
+ Recommendations to repossess or abandon impounds by assessing the value of the vehicle vs. any storage/repair/repossession fees.
+ Prepare Repossession Assignment Cover Sheet (RACS) and ensure all actions comply with all federal and state regulatory requirements.
+ Assess the value of vehicles and ensure coordination between the customers and dealerships on substitution of collaterals.
+ Maintain losses at or below established guidelines for assigned job duties.
+ Recommend settlements as circumstances warrant.
+ Perform other duties as needed.
+ May assist in other related departments as required by business need.
+ Some overtime, evenings and weekends (Saturday) may be required to meet established goals and objectives.
+ Reports to: Loss Mitigation Team Leader
+ Direct Reports: None
+ Basic knowledge of vehicle titles and state DMV regulations.
+ Basic knowledge of the collection policies and procedures and be familiar with the Fair Debt Collection Practices Act.
+ Good oral and written communication skills.
+ Ability to perform basic arithmetic calculations in order to perform duties described above.
+ Accurate typing and data entry skills.
+ Ability to operate standard office equipment and demonstrate competency in the use of standard software applications.
+ Excellent negotiation skills.
+ Interpersonal skills necessary to promote a cooperative team environment and provide good customer service.
+ High school diploma or equivalent.
+ Previous collections experience preferred, automobile collections desired.
Normal office environment.
Requisition ID: 2018-30931
External Company Name: GM Financial
External Company URL:
Associated topics: adjuster, auto, automobile, claim adjuster, insurance, insurance adjuster, insurance investigator, investigate, liability, title examiner


• Location: Fort Worth

• Post ID: 77676297 fortworth is an interactive computer service that enables access by multiple users and should not be treated as the publisher or speaker of any information provided by another information content provider. © 2018