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BMO

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. To find out more visit us at BMO Careers .

Account Specialist

Location

Canada

Posted

37 days ago

Salary

C$36K - C$54.5K / year

Seniority

Mid Level

Job Description

Account Specialist

BMO

Role 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 - Credit collection disputes Delivers exceptional customer service that builds trust through expertise, responsive service and support. - Develops rapport and instils confidence with clients to develop credibility and earn their trust as relationship manager. - Develops and maintains long-term, profitable relationships and expands share of wallet. - 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. - 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. - Follows documented policies and procedures to execute transactions, activities and processes. - Keeps abreast of needs of the Collections departments. - Maintains current knowledge of collections strategies, practices, and trends. - 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. - Analyzes issues and determines next steps; escalates as required. - Broader work or accountabilities may be assigned as needed. - Takes measured risks while protecting the bank by applying our Risk Management Framework. Qualifications - Typically between 1 – 2 years of relevant experience and post-secondary degree in related field of study desirable or an equivalent combination of education and experience. - Working knowledge of federal, state/provincial and local laws pertaining to Consumer Collections and functional area. - Knowledge of BMO products and services. - Knowledge of competitive marketplace and trends in product offerings. - Basic specialized knowledge. - Verbal & written communication skills - Good. - Organization skills - Good. - Collaboration & team skills - Good. - Analytical and problem solving skills - Good. Requirements - Salary: $36,000.00 - $54,500.00 - Pay Type: Salaried Benefits - Performance-based incentives - Discretionary bonuses - Health insurance - Tuition reimbursement - Accident and life insurance - Retirement savings plans

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