Full-Time

Branch Collections Specialist

Posted on 10/16/2024

OneMain Financial

OneMain Financial

5,001-10,000 employees

Provides personal loans for consumers

Financial Services

Compensation Overview

$20 - $24Hourly

+ Additional Compensation Program

Entry

Staten Island, NY, USA

On-site position.

Category
Asset Management
Commercial Banking
Corporate Finance
Financial Planning and Analysis (FP&A)
Insurance
Investment Banking
Private Equity
Risk Management
Sales & Trading
Treasury
Venture Capital
Finance & Banking
Required Skills
Customer Service
Requirements
  • HS Diploma/GED
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 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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