Full-Time

Call Escalation Specialist

Posted on 10/31/2024

OneMain Financial

OneMain Financial

5,001-10,000 employees

Provides personal loans for consumers

Financial Services

Entry

Evansville, IN, USA

Category
Risk Management
Finance & Banking
Required Skills
Customer Service
Requirements
  • High School Diploma or GED
  • Strong phone, communication and negotiation skills
  • Ability to work well under pressure and meet goals in a fast-paced environment
  • Quick thinker with creative research skills
  • Proficiency with Internet and basic MS Office applications
  • Ability to maintain confidentiality with sensitive information
Responsibilities
  • Taking inbound calls from customers and authorized third parties regarding the status of an active or inactive account.
  • Responding to inbound caller inquiries around debt settlement options and status requests, with focus on quality and first call solution.
  • Providing an explanation of programs and benefits available to customers.
  • Negotiate with authorized customers via telephone regarding past due accounts.
  • Investigating, researching & tracking consumer information.
  • Negotiate payments & settlements on customer accounts.
  • Qualifying consumers for payment plans by gathering full and complete information.
  • Ability to quickly determine customer needs, and overcome objections.
  • Educate customers on what impacts working with a DSA can have on their credit and overall expense.
  • Educate customers on difference between DSA and Consolidation loans.
  • Provide customers with necessary information to educate customer on NFCC relationship.
  • Maintaining compliance with FDCPA and state regulations.
  • Implement key strategies to negate losses as well as demonstrating exemplary customer service standards.
  • Monitor delinquent accounts for status updates and follow up with consumers and authorized third parties if needed.
  • Using online tools to research information on accounts.
  • Maintaining account documentation and follow up as necessary.
  • Provide outstanding customer service to customers, 3rd parties, and OneMain employees.
  • Prioritizing assigned work to align with business and company needs.

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

  • Growing demand for digital lending platforms aligns with OneMain's customer-centric approach.
  • AI-driven credit scoring models can improve OneMain's risk assessment and loan approvals.
  • Partnerships with fintechs can enhance OneMain's customer service and operational efficiency.

What critics are saying

  • Increased competition from fintechs may erode OneMain's market share.
  • Class action lawsuit over Military Lending Act violations poses legal and reputational risks.
  • Recent executive share sales might indicate concerns about OneMain's future performance.

What makes OneMain Financial unique

  • OneMain specializes in personal loans for individuals with lower credit scores.
  • The company offers both secured and unsecured loans, providing flexibility to customers.
  • OneMain's securitization platform, Springleaf Funding Trust, enhances its capital funding capabilities.

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