Loss Mitigation Specialist

Location: Marshall, MN

Position Summary

We’re looking for a Loss Mitigation Specialist to join our team! 

The Equipment Finance Loss Mitigation Specialist will focus on minimizing losses and maximizing recoveries on defaulted commercial accounts. The best candidates will be self-motivated, team-oriented and eager to be a part of a rapidly growing business

Key Responsibilities: 

  • Contact and collect on past due accounts and arrange for timely payments
  • Draft payment plans/negotiate settlements
  • Coordinate inter-departmental responsibilities to ensure a timely customer response
  • Research and correspond in relation to customer disputes and collection problem inquiries
  • Review, analyze and provide recommendations to management on defaulted contracts

Skills & Specifications:

  • Excellent professional, verbal and written communication skills
  • Ability to prioritize work and shift priorities quickly
  • Proactive self-starter, excellent attention to detail
  • Proficiency in Excel

Education & Qualifications:

  • Experience and knowledge of Equipment Finance
  • 3+ years of collections experience

Who is Channel?

We are a leading provider of equipment finance and working capital funding solutions for small businesses. Utilizing customized technology and business processes, a strong balance sheet, and risk analytics, Channel provides single source financing that supports third-party originators and their customers who have business growth opportunities and a need for capital.

Since its founding in 2009, Channel has originated over 24,000 transactions funding over $1.5 billion and is one of a limited number of full-service, non-bank lenders successfully filling the gap in small business credit availability. Channel has five office locations in four states and has ranked among the 500/5000 fastest-growing private companies in the U.S. by Inc. magazine for 11 consecutive years.

The Legalities

Channel Partners is an equal opportunity employer. We consider all qualified applicants without regard to age, race, color, religion, sex, sexual orientation, gender identity, national origin, genetic information, national origin, disability, veteran status, marital status, family status or any other basis prohibited by law. Accommodation for applicants with disabilities is available upon request in connection with the recruitment process.

don’t see the role you’re looking for?

We’re always looking for talented individuals to join the Channel team and we’d love to hear from you! Contact us to start the conversation about where you might fit on our team.