AVP - Collections Officer

Company: Bristol County Savings Bank
Location: Taunton
Posted on: February 20, 2026

Job Description:

Job Description Job Description Department: Collections Reports To: Chief Credit Officer OVERVIEW: Responsible for identifying and recovering delinquent funds for a diverse portfolio, including auto loans, consumer loans, personal lines of credit and residential mortgages, while ensuring strict adherence to Federal and State regulations. This role requires high-volume outreach, negotiation of repayment plans, and coordination with loss mitigation and/or legal teams for late-stage defaults and foreclosures. PRIMARY ACCOUNTABILITIES / RESPONSIBILITIES: Perform any functions necessary, within the scope of authority and expertise, to provide the highest level of service and responsiveness to customers and the community in which we serve. 1. Manage assigned queues of past due consumer, Indirect business and real estate loans to reduce overall delinquency rates. 2. Perform daily inbound and outbound collection calls, emails and written correspondence to establish contact with delinquent borrowers. 3. Analyze borrower financial data to negotiate repayment plans, forbearance agreements, loan modifications or loan workout plans. 4. Manage secondary market (Fannie Mae, Freddie Mac) and government-guaranteed (FHA, VA, USDA) mortgage collections according to specific investor guidelines. 5. Coordinate with legal counsel and Bank management to coordinate legal collection efforts, to include the initiation of foreclosure or repossession when necessary. Oversee disposition and post-sale claims process for repossessed collateral. 6. Responsible for ensuring that any loss mitigation documentation is prepared in accordance with Bank policy. 7. Maintain precise and up to date records of all collection efforts and borrower interactions within the collections software module. Ensure proper documentation for attorney, appraiser, insurers, governmental authorities, regulators and loan file. Oversee tracking of bankruptcies and ensure the preparation of required documentation (to include proof of claims). Assemble proper documentation to submit mortgage insurance claims post-disposition. 8. Oversee the issuance of default, loss mitigation and foreclosure notices. Review notices for compliance with applicable State and Federal guidelines and regulations. Ensure notices are sent out via proper channels. 9. Ensure all activities comply with the Fair Debt Collection Practices Act (FDCPA), Real Estate Settlement Procedures Act (RESPA), Consumer Financial Protection Bureau (CFPB), Servicemembers Civil Relief Act (SCRA), Federal bankruptcy laws and applicable State collections laws. 10. Facilitate the processing of Collection-related approvals, to include forbearance agreements, loan modifications, loan workout plans and/or loan charge-offs. 11. Prepare related collection reports. 12. Coordinate and attend foreclosure sales. Work with counsel to prepare post-closing accounting, produce foreclosure deed and prepare necessary approval and accounting documentation. Oversee residential other real estate owned (OREO) property management, to include the marketing and sale of OREO properties. 13. Keep abreast of regulatory compliance changes for assigned area and apprises staff of same. Recommends procedural changes as needed to support regulatory and legal requirements. 14. Responsible for proper training of new and experienced staff. 15. Contribute to a positive team environment through the department and the Bank. 16. Treat people with respect, keep commitments, inspire the trust of others, work ethically and with integrity, accept responsibility for own actions, uphold Bank organizational values and benefit the Bank through community activities. OTHER ACCOUNTABILITIES / RESPONSIBILITIES: Perform related and unrelated duties as may be required. POSITION REQUIREMENTS: Bachelor’s or Associate’s degree in finance, business or a related field preferred. Five or more years of experience in Bank collections or consumer loan servicing, with a strong focus on residential mortgages. Management experience is strongly preferred. Proven experience with servicing and collecting Government Sponsored Enterprise (GSE) loans, especially FNMA and FHLMC is required. Must have knowledge of all investor processes, procedures and guidelines regarding loss mitigation. Proficiency with Microsoft Office Suite (such as Word and Excel) and experience with core loan processing/servicing systems required. Excellent verbal and written communication skills and the ability to interact professionally and empathetically with distressed borrowers. Strong negotiation, conflict resolution and problem-solving abilities are essential. In-depth knowledge of mortgage loan servicing policies, consumer collection laws, bankruptcy process and laws and banking regulations. General knowledge of collecting VSI damage, GAP insurance, warranty and repossession fee claims. Must be detail-oriented, highly organized, able to manage multiple priorities and work independently in a fast-paced environment. Ability to prioritize workloads. Ability to sit, bend, answer the phone and perform computer input. Valid driver’s license and use of an automobile are required. Must be able to travel within the Bank’s lending territory. This position may require the employee to register and maintain registration with the Nationwide Mortgage Licensing System & Registry (NMLS). SUPERVISORY SCOPE Manage a team of consumer loan collectors. Responsible for initial training, ongoing training and updates in the Collections field, coaching and development of staff. INDEPENDENT ACTION: Establishes short-range plans and objectives within scope of Bank-wide policies and goals. Consults with departmental management regarding policy interpretation or exceptions. QUALIFICATIONS: To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed above are representative of the knowledge, skill, and/or ability required. Any physical demands or work conditions described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. FULL-TIME BENEFITS: 401(k) Employee Pension Paid Time Off (PTO) Parental Leave Tuition Reimbursement Begins first of the month following date of hire: Medical, Dental, Vision Critical Illness Insurance Disability insurance including LIFE, Long-term disability Employee Assistance Program Flexible Spending Account Dependent Care Account Health Savings Account VISIT OUR WEBSITE : https://www.bristolcountysavings.com/ LINKEDIN: https://www.linkedin.com/company/bristol -county-savings-bank/ EEO STATEMENT: Bristol County Savings Bank is an Equal Opportunity Employer and is committed to a diverse workforce. The Bank considers applicants for employment without regard to race, color, sex, sexual orientation, national origin, age, genetic information, veteran status, disability or membership in any other protected class as defined by law.

Keywords: Bristol County Savings Bank, Framingham , AVP - Collections Officer, Accounting, Auditing , Taunton, Massachusetts