Loss Specialist Jobs in Massachusetts

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.

1-4 of 4 Jobs

Distribution Center Loss Prevention Specialist

  • Westborough, MA
  • 3 days ago
  • Westborough, MA
  • 3 days ago

EG America is one of the fastest-growing convenience store retailers in the United States, committed to becoming Americas #1 one-stop destination. The business has an established pedigree of...

CardVault by Tom Brady - Loss Prevention Specialist

  • Boston, MA
  • 8 days ago
  • Boston, MA
  • 8 days ago

As a Loss Prevention Specialist, a typical day might include the following: Monitoring retail stores for unusual activity and potential threats including the stores themselves as well as reviewing...

Loss Prevention Specialist

  • Charlton, MA
  • 15 days ago
  • Charlton, MA
  • 15 days ago

The Loss Prevention Specialist (LPS) is a key hourly associate position within Amazon Operations. To keep our 24/7 operations network secure and assure operational continuity, we are looking for...

Loss Prevention Specialist

  • Worcester, MA
  • 30+ days ago
  • Worcester, MA
  • 30+ days ago

Come to work and be ready to think on your feet, grow your skills, and embrace the many opportunities. Our Distribution Centers are the key to getting new products out to TJ Maxx, Marshalls,...

Demographic Data for Massachusetts

Moving to Massachusetts? Find some basic demographic data about Massachusetts below.


Local
National
7,029,832
179,192

Loss Specialist Online Courses and Training Opportunities

iHireBanking curates thousands of courses in order to recommend the best ones to help further your career. If you register for a course using the links on our site, we may receive a small commission.
Nutrition Science: Obesity and Healthy Weight Loss
According to NHS Digital, in the year 2019/2020, over 1 million hospital admissions were linked to obesity. On this four-week course, youll reflect on the role of nutrition in influencing weight...
Paediatric Dentistry for Non-Specialists
This course aims to provide you with the practical advice and guidance you need to treat childrens dental issues and emergencies, achieving excellent results. Apart from various treatment options,...
Lactation After Loss: Choices for Bereaved Parents
Pregnancy and baby loss affects approximately 25% of pregnancies. Despite its frequency, the experience remains profoundly challenging for those affected, making the need for support all the more...

Salary for Loss Specialist Jobs in Massachusetts

Estimated salary range based on data from US Bureau of Labor Statistics (BLS) and iHireBanking research efforts.

Licensing / Certification

Required or preferred licenses and certifications for Loss Specialist positions.



Highest Education Level

Loss Specialists in Massachusetts offer the following education background
Bachelor's Degree
39.3%
High School or GED
21.8%
Associate's Degree
13.0%
Vocational Degree or Certification
11.1%
Master's Degree
10.9%
Some College
1.9%
Doctorate Degree
1.3%
Some High School
0.8%

Average Work Experience
Here's a breakdown of the number of years' experience offered by Loss Specialists in Massachusetts
None
39.1%
2-4 years
26.1%
4-6 years
13.0%
1-2 years
8.7%
Less than 1 year
8.7%
10+ years
4.3%



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