Full-Time

Collections Specialist

Posted on 9/9/2024

OneMain Financial

OneMain Financial

5,001-10,000 employees

Provides personal loans for consumers

Financial Services

Entry

Tempe, AZ, USA

Hybrid scheduling available after 90 days based on individual performance.

Category
Financial Planning and Analysis (FP&A)
Insurance
Finance & Banking
Requirements
  • High School Diploma or GED
  • Proficiency in utilizing multiple tools/systems simultaneously
  • Skilled at achieving and exceeding goals
Responsibilities
  • Assist customers with all financial servicing needs through both inbound and outbound contact. Listening to their specific situations, help determine how customers can best utilize company products and services
  • Work both cooperatively and independently in a goal-oriented environment to meet personal and team targets, balancing demands of multiple tasks and activities throughout the day
  • Negotiate with customers to resolve account matters, following all applicable laws, policies, and procedures including compliance with FDCPA (Fair Debt Collection Practices Act) and state regulations
  • Maintain and note all appropriate information and documentation on customer and account status
  • Collaborate both in person and virtually, using available technology to connect with other internal teams

OneMain Financial provides personal loans to individuals, particularly those who may not qualify for traditional banking services due to lower credit scores or financial challenges. The company offers both secured loans, which require collateral like a car or home, and unsecured loans that do not. This variety allows customers to address different financial needs, such as debt consolidation or home improvements. OneMain generates revenue through interest and fees on these loans and has a securitization platform called Springleaf Funding Trust, which enables it to bundle and sell loans as securities to investors. This process helps OneMain maintain a steady flow of capital for lending. Additionally, the company offers other financial products, including insurance and credit information, to better serve its customers. OneMain's goal is to provide accessible financial solutions tailored to the needs of its clients, supported by a strong branch network and online resources.

Company Stage

IPO

Total Funding

N/A

Headquarters

Baltimore, Maryland

Founded

1912

Growth & Insights
Headcount

6 month growth

4%

1 year growth

0%

2 year growth

4%
Simplify Jobs

Simplify's Take

What believers are saying

  • Increased investments suggest growing interest in OneMain's digital lending capabilities.
  • Partnership with Pagaya could enhance AI-driven credit assessment tools.
  • Successful $1.9 billion debt issuance indicates strong investor confidence.

What critics are saying

  • Class action lawsuit could lead to significant legal costs and reputational damage.
  • Executive stock sales might indicate lack of confidence in future performance.
  • Reliance on third-party technology platforms poses potential risks.

What makes OneMain Financial unique

  • OneMain specializes in personal loans for clients with lower credit scores.
  • The company offers both secured and unsecured loans, providing financial flexibility.
  • OneMain's Springleaf Funding Trust securitizes loans, ensuring steady capital flow.

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