[Remote] Director, Servicing & Collections
Note: The job is a remote job and is open to candidates in USA. Forbright Bank is a nationwide full-service bank and commercial lender dedicated to exceptional client service and innovative personal banking solutions. The Director, Servicing & Collections, will oversee the loan portfolio's performance across the servicing lifecycle, managing vendor strategies and ensuring compliance while driving operational enhancements and cost efficiency.
Responsibilities
ā¢ Own portfolio performance across the servicing lifecycle, including core servicing and customer support, late-stage collections, and default loan servicing
ā¢ Manage service offerings for borrowers whose installers cannot complete their projects or fulfill on warranty obligations to bolster borrower satisfaction and loan performance
ā¢ Establish, forecast, and deliver against aggressive portfolio performance targets including roll rates, loss rates, prepayment rates, and expense related metrics
ā¢ Manage a network of vendors who primarily execute business processes
ā¢ Hold vendors accountable to clearly defined performance standards, proactively identifying performance gaps and driving corrective action plans with urgency and precision
ā¢ Responsible for expense management related to processes and vendors under your oversight
ā¢ Develop and oversee comprehensive monitoring programs for oversight of process and vendor performance
ā¢ Partner with analytics to translate data into actionable strategies; independently challenge assumptions and drive strategy refinement based on performance insights
ā¢ Prepare and deliver portfolio performance reviews, articulating both the drivers of performance trends and the strategies and tactics under development or deployed to improve performance
ā¢ Partner with Capital Markets to respond to loan owner questions about performance trends
ā¢ Collaborate with legal and compliance teams to create programs and processes that can both deliver superior loan performance and withstand regulatory scrutiny
ā¢ Perform other duties as assigned
ā¢ Supervise employees who will be managing specialized vendors and processes within servicing and collections
ā¢ Maintain a top performing team through development of existing personnel or recruiting, selecting, orienting, and training employees as needed
ā¢ Manage performance of employees through development, coaching, and counseling
Skills
ā¢ Bachelor's Degree required
ā¢ Minimum of 8 years of loan servicing and collections experience required; experience in secured and unsecured home improvement finance loan servicing preferred
ā¢ Minimum of 5 years of supervisory experience required
ā¢ Proven track record of materially improving portfolio performance metrics
ā¢ Demonstrated ability to analyze complex problems and develop responsive business plans
ā¢ High sense of urgency and ownership mentality
ā¢ Proficiency with Microsoft Office tools (Outlook, Word, PowerPoint, Excel)
ā¢ Excellent verbal, written, and interpersonal communication skills
ā¢ Strong organizational skills and attention to detail
ā¢ Outstanding problem-solving and time management skills
ā¢ Self-motivated, self-directed, and results-oriented
ā¢ Adaptable and able to multitask in a fast-paced environment
ā¢ Can work independently and within a team; solution-oriented with a collaborative approach
Benefits
ā¢ Comprehensive health, dental, and vision plans
ā¢ 4 weeks PTO
ā¢ 401k + company match
ā¢ Metro SmartTrip benefits ($50/mo)
ā¢ Remote or hybrid work schedules for most positions
ā¢ Incentives for purchasing solar panels, electric vehicles, biking to work, etc
ā¢ Paid subscriptions to Veterans Compost, Capital Bikeshare, Imperfect Foods reimbursement, and more!
ā¢ Best Workplaces for Commuters 2023 & 2024 winner
ā¢ The Washington Post Top Workplaces 2023, 2024, and 2025 winner
ā¢ American Banker Best Banks to Work For 2023 winner
Company Overview
ā¢ Forbright Bank is a banking and financial services agency. It was founded in 2003, and is headquartered in Chevy Chase, Maryland, USA, with a workforce of 501-1000 employees. Its website is https://www.forbrightbank.com.
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Responsibilities
ā¢ Own portfolio performance across the servicing lifecycle, including core servicing and customer support, late-stage collections, and default loan servicing
ā¢ Manage service offerings for borrowers whose installers cannot complete their projects or fulfill on warranty obligations to bolster borrower satisfaction and loan performance
ā¢ Establish, forecast, and deliver against aggressive portfolio performance targets including roll rates, loss rates, prepayment rates, and expense related metrics
ā¢ Manage a network of vendors who primarily execute business processes
ā¢ Hold vendors accountable to clearly defined performance standards, proactively identifying performance gaps and driving corrective action plans with urgency and precision
ā¢ Responsible for expense management related to processes and vendors under your oversight
ā¢ Develop and oversee comprehensive monitoring programs for oversight of process and vendor performance
ā¢ Partner with analytics to translate data into actionable strategies; independently challenge assumptions and drive strategy refinement based on performance insights
ā¢ Prepare and deliver portfolio performance reviews, articulating both the drivers of performance trends and the strategies and tactics under development or deployed to improve performance
ā¢ Partner with Capital Markets to respond to loan owner questions about performance trends
ā¢ Collaborate with legal and compliance teams to create programs and processes that can both deliver superior loan performance and withstand regulatory scrutiny
ā¢ Perform other duties as assigned
ā¢ Supervise employees who will be managing specialized vendors and processes within servicing and collections
ā¢ Maintain a top performing team through development of existing personnel or recruiting, selecting, orienting, and training employees as needed
ā¢ Manage performance of employees through development, coaching, and counseling
Skills
ā¢ Bachelor's Degree required
ā¢ Minimum of 8 years of loan servicing and collections experience required; experience in secured and unsecured home improvement finance loan servicing preferred
ā¢ Minimum of 5 years of supervisory experience required
ā¢ Proven track record of materially improving portfolio performance metrics
ā¢ Demonstrated ability to analyze complex problems and develop responsive business plans
ā¢ High sense of urgency and ownership mentality
ā¢ Proficiency with Microsoft Office tools (Outlook, Word, PowerPoint, Excel)
ā¢ Excellent verbal, written, and interpersonal communication skills
ā¢ Strong organizational skills and attention to detail
ā¢ Outstanding problem-solving and time management skills
ā¢ Self-motivated, self-directed, and results-oriented
ā¢ Adaptable and able to multitask in a fast-paced environment
ā¢ Can work independently and within a team; solution-oriented with a collaborative approach
Benefits
ā¢ Comprehensive health, dental, and vision plans
ā¢ 4 weeks PTO
ā¢ 401k + company match
ā¢ Metro SmartTrip benefits ($50/mo)
ā¢ Remote or hybrid work schedules for most positions
ā¢ Incentives for purchasing solar panels, electric vehicles, biking to work, etc
ā¢ Paid subscriptions to Veterans Compost, Capital Bikeshare, Imperfect Foods reimbursement, and more!
ā¢ Best Workplaces for Commuters 2023 & 2024 winner
ā¢ The Washington Post Top Workplaces 2023, 2024, and 2025 winner
ā¢ American Banker Best Banks to Work For 2023 winner
Company Overview
ā¢ Forbright Bank is a banking and financial services agency. It was founded in 2003, and is headquartered in Chevy Chase, Maryland, USA, with a workforce of 501-1000 employees. Its website is https://www.forbrightbank.com.
Apply tot his job
Apply To this Job