About Figure
Figure is revolutionizing financial services with its disruptive, scaled, and rapidly expanding technology platform. By capitalizing on the loan origination activities on its platform and extensive network of partners, Figure is poised to deliver and scale new products that enhance efficiency and transparency in the industry. Through the integration of cutting-edge technology, Figure’s platform fosters more transparent and efficient capital markets, bolstered by the growing pool of assets originated on its platform.
This transformational journey is fueled by a dedicated team at Figure, characterized by their drive, innovation, collaboration, and passion for building from scratch. We value individuals who bring an entrepreneurial mindset to every task and will embrace our culture of innovation. Every day at Figure is a journey in continuous learning yet a daily focus on getting work done that makes a difference. Join a team of proven leaders who have already created billions of dollars in value in the financial technology space.FastCo Most Innovative CompaniesForbes Top 50 Blockchain Companies
About the Role
The Collections Supervisor will oversee the daily operations of the 0-60 day delinquent collections team for all Figure serviced products. The Collections Supervisor will be accountable for individual collectors and overall team performance. Primary KPI for this role will be 0-30 and 30-60 day role rates. This includes, but is not limited to: building out processes and procedures (for collections and loss mitigation strategies), assessing day to day performance, quality of work, and goal setting.
Directs development and implementation of strategic plans; ensures projects are designed and implemented efficiently and effectively; directs departmental business continuity planning to minimize risk. This position reports to the Director of Servicing and will be based in the office (hybrid).
What You’ll Do
- Develop and implement strategies to improve collection processes and efficiencies to maximize recovery and reduce roll rates
- Actively hire, train, manage motivate, and coach a team of collectors through performance coaching and ongoing training to ensure consistent optimal performance and successful achievement of department goals
- Insure compliance of the collections group with all applicable laws and regulations
- Prepare regular reports on collections activities, presenting data and insights to upper management to identify trends and recommend strategies
- Define system capabilities, evaluate current and potential technology use and the need for improved performance
- Continuous development of incentive plan for the collectors that coincides with monthly/quarterly goals
- Collaborate with cross-functional teams, including legal, compliance, and customer operations, to enhance processes and resolve escalated customer issues.
- Conduct frequent department meetings to provide organizational, department and industry updates and facilitate the training and coaching of team members as needed
- May include management of 3rd party collection vendor and other 3rd parties such as vendors performing field visits
- Additional duties and assignments as needed
W
hat we look for:
- Hands on manager with 4+ years of collections/default manager experience preferably in the Mortgage/HELOC space and in early stage delinquency management
- Proven track record of meeting or exceeding collections targets
- BA/BS degree preferred
- Strong knowledge of regulations relative to debt collection such as CFPB rules, FDCPA, TCPA, Bankruptcy and secondary market investor guidelines
- Proficiency in using collections software and systems.
- Exceptional organizational and time management skills, with the ability to prioritize and handle multiple tasks simultaneously.
- Analytical mindset, with the ability to analyze data, identify trends, and make data-driven decisions.
- Excellent verbal and written communication skills, with the ability to effectively negotiate and persuade customers to resolve outstanding debts
- Exercises independent judgment in methods, techniques, and evaluation criteria for obtaining results
- Proficient with Microsoft Office Suite, comfortable creating reports for upper management, cross-functional, and investors
Benefits and Perks
- Competitive salary and growth opportunities
- Company quarterly performance based bonus
- Equity stock options package
- Employer funded comprehensive health, vision, dental insurance and wellness program for employees and their dependents
- Employer funded life and disability insurance coverage
- Company HSA, FSA, Dependent Care, 401k, and commuter benefits
- Up to 12 weeks paid family leave
- In office, remote, and hybrid work location options
- Home office and technology stipend for those working outside of a traditional office more than 75% of the time
- Flexible time-off plan to empower employees to take the time off that they want and need
- Continuing education reimbursement
- Routine Team swag deliveries!
Our salary range is $70,400 - $72,000 with up to a 25% Bonus and Equity. Actual compensation may vary based on individual candidate experience and location.Depending on your residential location certain laws might regulate the way Figure manages applicant data. California Residents, please review our California Employee and our General Workforce Privacy Notice for further information. By submitting your application, you are agreeing and acknowledging that you have read and understand the above notice.Figure will not sponsor work visas for this position.
In compliance with federal law, all persons hired will be required to verify identity and eligibility to work in the United States and to complete the required employment eligibility verification form upon hire.#LI-EK1 #LI-Hybrid
