Loss Specialist Jobs in Maryland
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.
Security and Loss Prevention Specialist, NA
- Sparrows Point, MD
- 30+ days ago
- Sparrows Point, MD
- 30+ days ago
Worldwide Operations Security (WWOS) is the global organization that supports field Security and Loss Prevention and is designed to support Amazons Worldwide Operations, as well as affiliate and...
Demographic Data for Maryland
Moving to Maryland? Find some basic demographic data about Maryland below.
Loss Specialist Online Courses and Training Opportunities
Salary for Loss Specialist Jobs in Maryland
Required or preferred licenses and certifications for Loss Specialist positions.
Highest Education Level
Loss Specialists in Maryland offer the following education backgroundQualifications / Skill Sets
The following top skills are often required or desired to land a Loss Specialist position
- Inventory Management
- Logistics
- Interviewing
- Conflict Resolution
- Supply Chain
- Dispatching
- Loading & Unloading
- Store Management
- Crisis Management
- Distribution
- Implementation
- Military Background
- Law Enforcement
- Physical Security
- Asset Protection
- Hazardous Materials
- Events
- Liaison
- Surveillance
- Closed-Circuit Television
- Threat Assessment
- Criminal Justice
- Business Continuity
- Order Fulfillment
- Mortgage Lending
- Consumer Lending
- Mortgage Servicing
- Loan Servicing
- Fraud Investigation
- Courteous
- Resolution
- Loss Prevention
- Problem Resolution
- Customer Satisfaction
- Data Analytics
- Auditing
- Retail
- Process Improvement
- High School Diploma
- Investigation
- Collaboration
- Policy Development
- Filing
- Regulations
- Multitasking
- Microsoft Excel
- Microsoft Office
- Organization
- Scheduling
- Leadership
- Communication Skills
Other Career Titles
Here are some other career titles that require similar skills
Loss Specialist Related Career Advice Articles
How to Decide Between Investment Banking and Commercial Banking
Many finance professionals begin the career planning phase by taking some time to figure out whether they want to pursue commercial banking or investment banking. While both career paths can reap great rewards, each comes with a different set of responsibilities and skills. Here is a breakdown of some of the factors that separate careers in investment and commercial banking to consider.
Read article »