Full-Time

Branch Collections Specialist

Posted on 12/20/2024

OneMain Financial

OneMain Financial

5,001-10,000 employees

Provides personal loans for consumers

Financial Services

Compensation Overview

$18 - $22Hourly

+ Additional Compensation Program

Entry, Junior

Schenectady, NY, USA

Position requires onsite presence in Schenectady, NY.

Category
Customer Success Management
Sales & Account Management
Required Skills
Customer Service
Requirements
  • HS Diploma/GED
  • Collections or Customer Service experience
  • Bilingual
Responsibilities
  • Responsible for high volume collections activities to achieve delinquency goals for an assigned branch
  • Work with customers in a consultative manner, negotiating (including renewing the loan) to resolve account matters
  • Commitment to excellent customer service with the ability to prioritize and manage multiple responsibilities
  • Ability to overcome objections and utilize strong negotiation skills to resolve customer delinquencies

OneMain Financial specializes in providing personal loans to individuals, especially those with lower credit scores who may not have access to traditional banking. The company offers both secured loans, which require collateral, and unsecured loans, catering to various financial needs like debt consolidation and home improvements. OneMain generates revenue through interest and fees on these loans and utilizes a securitization platform called Springleaf Funding Trust to bundle and sell loans as securities. The goal of OneMain is to offer accessible financial solutions tailored to its customers through 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

  • AI-driven credit scoring models can improve creditworthiness assessment and reduce defaults.
  • Digital lending platforms offer expansion opportunities to reach tech-savvy younger consumers.
  • Partnership with Pagaya enhances risk assessment and loan personalization through AI algorithms.

What critics are saying

  • Increased competition from fintechs offering lower rates could erode market share.
  • Rising interest rates may lead to higher default rates among lower credit score customers.
  • Class action lawsuit over Military Lending Act violations could incur legal costs and reputational damage.

What makes OneMain Financial unique

  • OneMain offers both secured and unsecured loans, catering to diverse financial needs.
  • The Springleaf Funding Trust securitization platform provides a steady capital stream.
  • Extensive branch network enhances customer-centric service and personalized financial solutions.

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