Full-Time

Head of Debt Recovery

Posted on 10/11/2024

Nelnet

Nelnet

1,001-5,000 employees

Government & Public Sector
Energy
Financial Services
Education

Compensation Overview

$175k - $200kAnnually

+ Annual Bonus

Senior, Expert

Lincoln, NE, USA

Category
Risk Management
Finance & Banking
Requirements
  • Bachelor’s Degree in Business Administration (MBA preferred) and/or commensurate experience in a strategic role.
  • 8 Years of experience in Financial Services, personal loans, loan originations (any combination) in an Analyst or Strategic Leadership capacity.
  • Experience managing client profiles.
  • Demonstrated success building client relationships.
  • Experience of working in a commercial debt recovery environment would be an advantage.
  • Proven ability to develop new business and maintain existing contacts.
  • Good IT skills and knowledge are essential.
  • Judgement to balance commercial debt recovery and compliance risks to achieve positive outcomes.
  • Maintains the highest professional standards.
  • Ability to build supportive relationships with everyone across Nelnet.
  • Excellent communication and leadership skills with an ability to influence at all levels.
  • Excellent organizational skills.
  • Able to multi-task, manage time effectively and keep calm under pressure.
Responsibilities
  • Expand and maintain the customer base of Nelnet’s delinquency management team by working with call center operations and client services to understand portfolio dynamics, client goals and industry approaches that will drive outcomes.
  • Manage a portfolio of clients while developing and maintaining new commercial opportunities, taking opportunities to sell the services that Nelnet offers.
  • Liaise directly with clients, third parties and colleagues in departments to maximize collections performance whilst also ensuring good client outcomes.
  • Provide technical and strategic advice about debt collection services and procedures, both externally and internally.
  • Have an appropriate level of knowledge of all clients’ business, background and circumstances and fully understand the client requirements.
  • Drive industry best practices and innovation to evolve Nelnet’s approach as Consumer Services expands and diversifies its portfolio.
  • Undertake effective due diligence processes at all times.
  • Act in the best interests of clients at all times.
  • To achieve financial objectives including cash collection and billing.
  • Remain vigilant for changes in FCA regulations and legislation.
  • Ensure all file audits and monthly reviews are completed accurately and within agreed timescales.
  • Record all time, chargeable and non-chargeable.
  • Provide updates on caseloads to management as required.
  • Act ethically and professionally at all times, acting as a positive role model in accordance with Nelnet’s leadership values.
  • Promote the interests of Nelnet at all times.
  • Maintain up to date knowledge and understanding of appropriate regulations and internal policies and procedures in relation to debt recovery.
  • Comply and uphold Nelnet’s policies and procedures, such as health and safety, IT, security, email and anti-virus policies and equality and fair treatment.
  • Be flexible to carry out any other reasonable task as requested within the office environment.

Company Stage

IPO

Total Funding

N/A

Headquarters

Lincoln, Nebraska

Founded

1977

Growth & Insights
Headcount

6 month growth

0%

1 year growth

0%

2 year growth

0%
Simplify Jobs

Simplify's Take

What believers are saying

  • Nelnet's diversification into sports software and telecom broadens its business portfolio.
  • Collaboration with Convera offers flexible tuition payment options, increasing customer base.
  • Partnership with Otus expands Nelnet's market share in the K-12 education sector.

What critics are saying

  • Investment in fintech exposes Nelnet to volatile market and regulatory scrutiny.
  • Involvement in student loans poses risks due to technical issues and public scrutiny.
  • Investment in early-stage startups like Nave Analytics could lead to financial losses.

What makes Nelnet unique

  • Nelnet's strategic investment in Edge Focus enhances its fintech capabilities.
  • Partnership with Otus positions Nelnet as a leader in K-12 edtech solutions.
  • Investment in Nave Analytics aligns Nelnet with sustainable agriculture technology trends.

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