Loss Specialist Jobs in Michigan

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.

1-3 of 3 Jobs

Regional Loss Prevention Specialist

  • Ann Arbor, MI
  • 4 days ago
  • Ann Arbor, MI
  • 4 days ago

Company Description Domino's Pizza, which began in 1960 as a single store location in Ypsilanti, MI, has had a lot to celebrate lately: we're a reshaped, reenergized brand of honesty, transparency...

Loss Prevention Specialist

  • Detroit, MI
  • 60+ days ago
  • Detroit, MI
  • 60+ 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

  • Iron Mountain, MI
  • 60+ days ago
  • Iron Mountain, MI
  • 60+ days ago

Apply Description We are seeking to hire an energetic candidate to fill a full-time position in our loss prevention department. This position is responsible for the apprehension of shoplifters,...

Demographic Data for Michigan

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


Local
National
10,077,306
222,152

Loss Specialist Online Courses and Training Opportunities

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Weight Management Specialist
Become a Weight Management Specialist Make a lasting impact on your clients, and help them improve their lives beyond the gym. Gain the knowledge and ability to assist clients in managing their...
Certified Glute Specialist
Specialize in Glute Training! Whether it's for function, form, or figure - glutes are arguably the #1 area clients want to train. Now you can make clients' ideal glutes a reality as an ISSA...
Certified Tactical Conditioning Specialist
Become a Certified Tactical Conditioning Specialist Passing the fitness readiness and aptitude entrance exams for Military, Police, Firefighters and all our First Responders can be tough and their...

Salary for Loss Specialist Jobs in Michigan

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

Highest Education Level

Loss Specialists in Michigan offer the following education background
Bachelor's Degree
38.9%
High School or GED
21.8%
Associate's Degree
12.9%
Master's Degree
11.4%
Vocational Degree or Certification
11.0%
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 Michigan
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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