Loss Specialist Jobs in Illinois
A Loss Specialist in the banking industry primarily handles the recovery of bank's losses on delinquent loans or other types of bank debts. Their job responsibilities include negotiating payment arrangements with debtors, managing debt recovery, mitigating losses, and ensuring the bank's compliance with banking laws and regulations. They also perform risk analysis, track and monitor accounts to identify outstanding debts, investigate historical data for each debt or bill and work to recover overdue payments.
Important skills and certifications for a Loss Specialist include excellent communication and negotiation skills, analytical thinking abilities, and a profound understanding of the banking industry and its regulations. They must be certified in loans and recovery, with some banks requiring a Certified Receivables Compliance Professional (CRCP) or Certified in Consumer Debt Collection (CCDC). Prior roles that equip an individual for a Loss Specialist position may include working as a Loan Officer, Collection Specialist, or a Credit Analyst.
Retail Asset Protection & Loss Prevention Specialist
- Wilmette, IL
- 3 days ago
- Wilmette, IL
- 3 days ago
Asset Protection Specialist (Full-Time) - Wayfair Stores Location: Wilmette, IL The pay rate of this role is $19.00/hr Overview: As an Asset Protection Specialist, you'll play a critical role in...
Strategic Remediation Oversight- Non-Financial Risk Specialist
- Chicago, IL
- 28 days ago
- Chicago, IL
- 28 days ago
Strategic Remediation Oversight- Non-Financial Risk Specialist Recruiter Northern Trust Location Chicago, IL; Tempe, AZ Salary Unspecified Posted 06 May 2025 Closes 06 Jun 2025 Ref R136376 Job...
Demographic Data for Illinois
Moving to Illinois? Find some basic demographic data about Illinois below.
Loss Specialist Online Courses and Training Opportunities
Salary for Loss Specialist Jobs in Illinois
Highest Education Level
Loss Specialists in Illinois offer the following education backgroundQualifications / Skill Sets
The following top skills are often required or desired to land a Loss Specialist position
- Inventory Management
- Interviewing
- Inventory Control
- Conflict Resolution
- Supply Chain
- Dispatching
- Crisis Management
- Distribution
- Flexibility
- Implementation
- Military Background
- Law Enforcement
- Physical Security
- Security Training
- Asset Protection
- Hazardous Materials
- Events
- Liaison
- Surveillance
- Closed-Circuit Television
- Criminal Justice
- Business Continuity
- Security Operations
- Mortgage Lending
- BSA
- Mortgage Processing
- Financial Services
- Loan Servicing
- Mortgage Servicing
- Fraud Investigation
- Loss Prevention
- Resolution
- Problem Resolution
- Customer Satisfaction
- Risk Management
- Data Analytics
- Process Improvement
- Retail
- High School Diploma
- Auditing
- Investigation
- Collaboration
- Quality Assurance
- Bachelor's Degree
- Regulations
- Policy Development
- Multitasking
- Microsoft Office
- Microsoft Excel
- Organization
- Computer Skills
- Leadership
- Communication Skills
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