Position Location: Sheridan, WY or Billings, MT
 
Experience: Six months to two years of similar or related experience, including time spent in preparatory positions.
 
Education/Certifications/Licenses: High school education or GED is required.
 
Major Duties and Responsibilities
 
Commercial Loan Collection Specialist

• Monitor and manage a portfolio of delinquent commercial loans, ensuring timely and effective collection efforts.
• Generate written communication for delinquent loans as mandated by bank policy.
• Monitor delinquent loan list (twice per month) and send delinquent letters as needed; send all late charge notices; follow-up according to Collection Policy
• Develop and implement strategies for loan workout, restructuring, and recovery.
• Negotiate with borrowers, guarantors, and third parties to resolve delinquent accounts.
• Prepare and maintain accurate documentation of collection activities and asset disposition.
• Collaborate with legal counsel on foreclosure, bankruptcy, and litigation matters.
• Ensure compliance with all applicable laws, regulations, and internal policies.
• Provide regular reporting on collection performance and asset recovery status to management.
• Document borrower contact in core processor (Jack Henry).
• Comply with all bank policies and regulations.

• Coordinate repossession of collateral and manage the sale or liquidation of repossessed assets to maximize recovery.
• Provide assistance to bank management and attorneys during repossessions and foreclosures.
• Other duties may be assigned.