Consider
carefully the job posting at bmo and the resume shared with you and as you have
to talk and answer to the bmo hr for the following job : Restructure
Specialist, Collections JOB DESCRIPTION: Collaborates in the review and evaluation
of delinquent, high risk, or written-off accounts for possible collections
opportunities. Understands customer needs and provides collections-related
sales and service to BMO customers or prospects. Advises customers on payment
strategies and products that meet their objectives. Fulfills sales and service
activities for the customer in accordance with approved procedures. Support
areas may include, but are not limited to, coaching and training, quality
audits, vendor management and credit collection disputes.
• Delivers exceptional
customer service that builds trust through expertise, responsive service and
support.
• Develops rapport and instils
confidence with clients in order to develop credibility and earn their trust as
relationship manager.
• Develops and maintains long-term, profitable
relationships and expands share of wallet
. • Contacts the customer to
obtain the necessary information to manage their application (as required)
ensuring the customer is aware at all times of the status/result of the present
and future payments.
• Executes established loss mitigation
processes/procedures for the resolution of non-performing and high risk
accounts.
• Handles incoming calls in an informed,
professional, and efficient manner.
• Probes to understand customer
needs and provides advice related to payments and overall collections
strategies in the best interests of the customer.
• Sends out client communications, processes
transactions and interacts with internal stakeholders to ensure customer needs
are met.
• Integrates marketing
promotions and programs into customer conversations as appropriate.
• Establishes expertise with
Consumer Collections personnel as a key support contact/resource/coach with
proficiency and tools to assist departments in achieving goals.
• Analyzes data and
information to provide insights and recommendations.
• Manages all transactions related to customer
calls or refers to appropriate internal business groups.
• Escalates complex or unresolved customer
situations to managers as required. • Completes required documentation to
ensure customer’s requests are accurately processed.
• Organizes work information to ensure
accuracy and completeness.
• Collaborates in efficient functioning of
collections life cycle. Includes participating in the execution of established
loss mitigation solutions for the successful resolution of non-performing and
high risk accounts. Solutions range from various loan modification options to
liquidation for borrowers with delinquent and high risk loans in order to offer
default / foreclosure alternatives and minimize losses.
• Delivers exceptional
customer service that builds trust through expertise, responsive service and
support.
• Follows documented policies
and procedures to execute transactions, activities and
processes.
• Keeps abreast of needs of the Collections
departments. Identifies and makes referrals to other business groups as needed.
• Maintains current knowledge
of collections strategies, practices, and trends and integrates into customer
conversations in a professional manner.
• Maintains the confidentiality of customer
and Bank information. • Supports continuous improvement initiatives by
identifying and implementing changes to make processes more effective and
efficient.
• Develops and maintains awareness of industry
trends and best practices and the regulatory environment as it relates to
collections products and services. • Completes complex & diverse tasks
within given rules/limits and may include handling escalations from other
employees.
• Analyzes issues and determines next steps. •
Broader work or accountabilities may be assigned as needed. Qualifications: •
Typically between 2 - 3 years of relevant experience and post-secondary degree
in related field of study desirable or an equivalent combination of education
and experience.
• Knowledge of federal, state/provincial and
local laws pertaining to Consumer Collections and functional area - Good.
• Knowledge of BMO products
and services - Good.
• Knowledge of competitive marketplace
and trends in product offerings.
• Specialized knowledge.
• Verbal & written communication skills -
Good.
• Organization skills - Good.
• Collaboration & team
skills - Good.
• Analytical and problem
solving skills - Good. We’re here to help At BMO we are driven by a shared
Purpose: Boldly Grow the Good in business and life. It calls on us to create
lasting, positive change for our customers, our communities and our people. By
working together, innovating and pushing boundaries, we transform lives and
businesses, and power economic growth around the world. As a member of the BMO
team you are valued, respected and heard, and you have more ways to grow and
make an impact. We strive to help you make an impact from day one – for
yourself and our customers. We’ll support you with the tools and resources you
need to reach new milestones, as you help our customers reach theirs. From
in-depth training and coaching, to manager support and network-building
opportunities, we’ll help you gain valuable experience, and broaden your
skillset. Use the resume shared with you telling and explaining why you want to
to work at bmo at the position of restructure specialist collections and do a
skills transfer about how your past working experiences can match the role ,the
idea is to do to transfer the past experiences and transfer to what can give a
good fit to get ready for a resume, check and read well the job post shared how
to offer the best product for the customer and how to be able to use the
system... Like how can you use the old job experiences to match and fit the
requirement of the job so the hr would hire you Do a skill transfer do it a
great job based on the resume shared like you with that resume must get
that job at bmo Use examples like using star method.do it like a real job.