Loss Specialist Jobs in Albuquerque, NM

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.

1-1 of 1 Jobs

Asset Recovery Specialist 1

  • Albuquerque, NM
  • 25 days ago
  • Albuquerque, NM
  • 25 days ago

Asset Recovery Specialist 1 Albuquerque, NM Loss Mitigation Job Type Full-time Description Job Summary: Performs collection functions associated with the timely recovery of collateral, legal...

Demographic Data for Albuquerque, NM

Moving to Albuquerque, NM? Find some basic demographic data about Albuquerque, NM below.


Local
National
655,643
15,632
Large

Loss Specialist Online Courses and Training Opportunities

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Salary for Loss Specialist Jobs in Albuquerque, NM

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 Albuquerque, NM offer the following education background
Bachelor's Degree
39.1%
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
1.1%
Some High School
0.8%

Average Work Experience
Here's a breakdown of the number of years' experience offered by Loss Specialists in Albuquerque, NM
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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