Job Description

Position Summary:

Blue Bridge Financial is seeking a highly motivated and experienced Senior Late Stage Collector to manage and resolve commercial equipment finance accounts that are 61+ days past due. This role is responsible for minimizing portfolio losses through effective collection strategies, workout negotiations, collateral recovery efforts, and account resolution.

The ideal candidate is a confident negotiator with strong commercial collections experience who can effectively manage high-risk, high-balance accounts while maintaining professionalism in challenging situations. This individual will have a demonstrated ability to evaluate complex borrower circumstances, make sound decisions, and drive timely resolutions that protect the Company's financial interests.

Key Responsibilities

• Manage a portfolio of severely delinquent commercial equipment finance accounts and drive resolution through cure, workout, repossession, legal action, settlement, or charge-off.
• Conduct a high volume of outbound communications with customers, guarantors, brokers, attorneys, and vendors through phone, email, and text.
• Negotiate payment arrangements, settlements, restructures, and workout agreements within established authority levels.
• Analyze financial and operational factors impacting borrowers' ability to repay, including industry-specific challenges and cash flow concerns.
• Issue demand letters, default notices, and other collection communications in accordance with company policies and applicable regulations.
• Perform skip tracing, business verification, and investigative research to locate borrowers, guarantors, and collateral.
• Coordinate collateral inspections, repossessions, recovery efforts, and asset remarketing activities.
• Recommend loss mitigation strategies based on thorough account analysis.
• Maintain accurate, timely, and detailed records of all collection activities within company systems.

• Partner closely with Credit, Operations, Legal, and Servicing teams to resolve disputes, documentation issues, and account adjustments.
• Contribute to process improvement initiatives and support departmental performance objectives.

Qualifications:

Required

• Minimum of 5 years of commercial collections experience, including at least 2 years managing late-stage delinquency portfolios.
• Strong knowledge of commercial collection practices, asset recovery, guarantor enforcement, legal referrals, and workout strategies.
• Experience negotiating payment arrangements, settlements, and account resolutions.
• Excellent verbal and written communication skills with the ability to remain professional and effective in difficult conversations.
• Strong analytical, organizational, and decision-making skills.
• Proficiency with Microsoft Office Suite, particularly Excel.
• Ability to manage multiple priorities in a fast-paced environment while maintaining exceptional attention to detail.

Preferred

• Experience in equipment finance, commercial lending, leasing, or asset-based finance.
• Knowledge of repossession processes, UCC filings, bankruptcy proceedings, and collateral recovery.
• Experience with Salesforce is a plus.

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