Senior Collections Specialist

Established in 1975, Financial Pacific Leasing, Inc. (a subsidiary of Columbia Bank), is a direct provider of small-ticket commercial equipment leases. FinPac originates business through partnering with vendors, third party originators and lessors nationwide. For over 50 years, these partners have relied on Financial Pacific to provide them with innovative financing solutions for their customers

About the Role:

Take ownership of a portfolio of accounts typically 91–120 days past due, where strong negotiation, persistence, and sound judgment are key to driving successful resolutions. You’ll connect with customers through phone, email, written correspondence, and direct outreach to understand the circumstances behind delinquency, negotiate realistic repayment solutions, and determine the most effective path to bring accounts back into good standing while protecting the company’s financial interests.

This is an opportunity for an experienced collections professional who enjoys challenging conversations, finding solutions, and delivering measurable recovery results. You’ll investigate account history, develop resolution strategies, manage follow-up activity, and utilize available resources to maximize collections effectiveness while balancing a professional, respectful customer experience..

• Communicates with Lessees that are 91-120 days past due (NPA additions), by telephone, mail and personal contact.
• Possesses and demonstrates strong telephone customer service skills.
• Responsible to meet and exceed goals (specifically NPA).
• Responsible for making resolution arrangements when accepting less than total due.
• Assists in negotiating and resolution of insurance issues on delinquent 91-120 day accounts undefined
• Ensures collection of late charges and miscellaneous fees as appropriate.
• Maintains complete and accurate collection notes on collection screens so that others will be able to understand conversations, promises and payment plans arranged with Lessees.
• Prepares repossession authorization packets as needed.
• Meets individual call volume as assigned by management and calls are made in a professional manner.
• Performs extensions, rewrites, purchase agreements and forbearance agreements as needed within their authority level or with approval of management.
• Prepare files for Attorney Demand Letters/Litigation packets when necessary.
• Prepares Settlement packets to include FMV’s and Credit Bureau Requests.
• Maintains current knowledge and adherence of UDAAP and FDCPA tenets.
• Notifies Supervisor or Manager of any significant situations that may cause harm or loss to the company.
• Provides highest level of Customer Service to all lessees, vendors, brokers and staff. 
• Maintains confidentiality of all company information.
• Develops and maintains positive relationships with all Financial Pacific Company managers and staff. Assists and supports other staff as needed. 
• Regular and predictable attendance and punctuality.
• Performs all other duties as assigned by management.
• Demonstrates compliance with all bank regulations for assigned job function and applies to designated job responsibilities – knowledge may be gained through coursework and on-the-job training. Keeps up to date on regulation changes.
• Follows all Bank policies and procedures, compliance regulations, and completes all required annual or job-specific training.
• Maintain a working knowledge of Bank's written policies and procedures regarding Bank Secrecy Act, Regulation CC, Regulation E, Bank Security and other regulations as applicable to this job description.
• May be asked to coach, mentor, or train others and teach coursework as subject matter expert.
• Actively learns, demonstrates, and fosters the Columbia corporate culture in all actions and words.
• Takes personal initiative and is a positive example for others to emulate.
• Embraces our vision to become “Business Bank of Choice”
• May perform other duties as assigned.

About You:

• Must be a high school graduate or equivalent.
• Previous collections experience required.
• Collection experience in a leasing/contract environment or equivalent preferred.
• Data entry skills and the ability to multi-task.
• Ability to learn and comply with all Bank policies, procedures, and systems.
• Consistently demonstrates ability and willingness to build relationships with associates.
• Ability to think critically and provide appropriate solutions.
• Requires reading, writing and basic math skills.

This role may qualify for monthly performance-based incentives ranging from $750 to $1,750, subject to eligibility and performance criteria. 

The pay range for this role is $22.00 - $25.50.

The pay rate for the selected candidate is dependent upon a variety of non-discriminatory factors including, but not limited to, job-related knowledge, skills, and experience, education, and geographic location. The role may be eligible for performance-based incentive compensation, and those details will be provided during the recruitment process.

Primary Location: Ability to work fully onsite at posted location(s).

3455 South 344th Way Suite 300 Federal Way WA 98001

Our Benefits:

We are proud to offer a competitive total rewards package including base wages and comprehensive benefits.

We offer eligible associates comprehensive healthcare coverage (medical, dental, and vision plans), a 401(k)-retirement savings plan with employer match for qualifying associate contributions, an employee assistance program, life insurance, disability insurance, tuition assistance, mental health resources, identity theft protection, legal support, auto and home insurance, pet insurance, access to an online discount marketplace, and paid vacation, sick days, volunteer days, and holidays. Benefit eligibility begins the first day of the month following the date of hire for associates who are regularly scheduled to work at least thirty hours weekly.

Our Commitment to Diversity:

Columbia Bank is an equal opportunity and affirmative action employer committed to employing, engaging, and developing a diverse workforce. All qualified applicants will receive consideration for employment without regard to race, color, national origin, religion, sex, age, sexual orientation, gender identity, gender expression, protected veteran status, disability, or any other applicable protected status or characteristics. If you require an accommodation to complete the application or interview(s), please let us know by email: [email protected].

To Staffing and Recruiting Agencies:

Our posted job opportunities are only intended for individuals seeking employment at Columbia Bank. Columbia Bank does not accept unsolicited resumes or applications from agencies and Columbia Bank will not be responsible for any fees related to unsolicited resume submissions. Staffing and recruiting agencies are not authorized to submit profiles, applications, or resumes to this site or to any Columbia Bank employee and any such submissions will be considered unsolicited unless requested directly by a member of the Talent Acquisition team.