Internal Collection Officer

1 month ago


Cairo, Egypt EG BANK egypt Full time
Responsibilities:
  • Collaborating on debt collection efforts with Accounts, Sales, and the Legal Department.
  • Developing debt collection strategies and plans.
  • Adhering to the FDCPA throughout the debt collection process.
  • Contacting debtors by telephone to enact and negotiate debt recovery.
  • Searching publicly available databases to track down defaulters, including Credit Bureau information, background checks, and loan documents.
  • Preventing repeated payment delinquency by negotiating manageable debt payments.
  • Negotiating settlements to receive payment on a certain percentage of the debt.
  • Keeping hard copy and electronic records of all communications, payment plans agreed to, and amounts paid.
  • Sending statements of delinquencies and satisfied debts to the Credit Bureau, as well as purging records where debts have been satisfied.
  • Initiating legal and repossession proceedings if debt recovery fails.

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