Full-Time

Asset Recovery Specialist III

Confirmed live in the last 24 hours

Octane

Octane

201-500 employees

Instant financing for lifestyle purchases

Fintech
Financial Services

Senior

Irving, TX, USA

This is a hybrid position, which implies that the candidate will be required to work in-office for part of the week.

Category
Risk Management
Finance & Banking
Required Skills
Customer Service

You match the following Octane's candidate preferences

Employers are more likely to interview you if you match these preferences:

Degree
Experience
Requirements
  • HS Diploma or GED required (some college coursework a plus) followed by preferably five years of Collection experience, ideally in auto finance or an installment loan portfolio including minimum of three years’ experience in heavy skip trace.
  • Able to work a flexible schedule; honest with strong work ethic, unscheduled absences are rare, always punctual.
  • Solid understanding of finance/lending/collections.
  • Proficient working knowledge of MS Office Suite.
  • Able to master use of web-based system of record (LoanPro) and available skip tools (training provided).
  • Energetic, flexible, empathetic, with a positive attitude, with the ability to work well under pressure.
  • Strong communication and negotiation skills along with excellent “people” skills and a strong customer service attitude.
  • Possess excellent written and verbal communications skills; Bilingual English/Spanish a plus.
  • Bankruptcy knowledge a plus.
Responsibilities
  • Possess advanced skip tracing skills for post charge off accounts and accounts referred for legal remedies.
  • Recovery on losses by manually conducting outbound and inbound collection and customer service calls.
  • Investigate and resolve issues generally associated with loan servicing, i.e., potential loss situations such as confiscations, impounds, bankruptcy, replevins, and repossessions.
  • Provide consistent and productive follow up on Charge Off accounts 120 days or greater; determine if account should be considered for legal actions; work closely with skip vendors to resolve via repossession or collection of balance owed.
  • Monitor bankruptcy accounts assigned for recovery; skip trace as needed.
  • Initiate contact with consumer to negotiate arrangements up to 45 days after the collateral is sold where a deficiency balance is present prior to account being issued to an outside collection agency.
  • Adhere to all federal and state laws, regulatory guidelines and internal company policies and procedures.
  • Negotiate win-win solutions to assist consumer with acceptable payment options as warranted.
Desired Qualifications
  • Some college coursework a plus.
  • Bankruptcy knowledge a plus.

Octane provides instant financing solutions for lifestyle purchases, specifically targeting items like motorcycles, ATVs, and mowers. Their service allows customers to receive quick credit decisions, making the buying process smoother whether shopping online or in-store. Octane stands out by offering personalized financing options that involve a soft credit pull, meaning customers can check their rates without affecting their credit scores. This approach caters to a wide range of clients, including prime borrowers, credit builders, and first-time buyers. The company's goal is to simplify the financing process, making it more accessible and inclusive for everyone.

Company Stage

Debt Financing

Total Funding

$190.6M

Headquarters

New York City, New York

Founded

2014

Growth & Insights
Headcount

6 month growth

-1%

1 year growth

-1%

2 year growth

-2%
Simplify Jobs

Simplify's Take

What believers are saying

  • Octane's partnership with CFMOTO expands its reach in the powersports market.
  • The rise of digital financing solutions boosts Octane's market potential post-pandemic.
  • Octane's asset-backed securitization program has issued over $4 billion in notes.

What critics are saying

  • Increased competition from fintech companies could erode Octane's market share.
  • Reliance on asset-backed securitizations exposes Octane to market volatility.
  • Potential regulatory changes in consumer finance could impact Octane's business model.

What makes Octane unique

  • Octane offers instant financing for lifestyle purchases like powersports vehicles and RVs.
  • The company uses a soft credit pull to provide personalized financing without affecting credit scores.
  • Octane integrates financing options from online shopping to in-store purchases seamlessly.

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Benefits

Health Insurance

Dental Insurance

Vision Insurance

Life Insurance

Disability Insurance

Unlimited Paid Time Off

Parental Leave

401(k) Retirement Plan

401(k) Company Match

Tuition Reimbursement

Wellness Program