Loss Specialist Jobs in Texas

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.

1-12 of 12 Jobs

Senior Default Specialist

  • Plano, TX
  • 9 hours ago
  • Plano, TX
  • 9 hours ago

Why You Should Join As one of the top mortgage lenders in the country, Pennymac has helped over 4 million lifetime homeowners achieve and sustain their aspirations of home....

D/C Loss Prevention Specialist

  • San Antonio, TX
  • 19 hours ago
  • San Antonio, TX
  • 19 hours ago

TJ Maxx At TJX Companies, every day brings new opportunities for growth, exploration, and achievement. Youll be part of our vibrant team that embraces diversity, fosters collaboration, and...

Loss Prevention Specialist - Fort Worth, TX

  • Fort Worth, TX
  • 3 days ago
  • Fort Worth, TX
  • 3 days ago

Why choose us? Are you ready to take the next step in your career? Join us for an exciting opportunity at Albertsons Companies, where innovation and customer service go hand-in-hand! At Albertsons...

Bankruptcy and Charge-Off Specialist - BANKR004708

  • San Antonio, TX
  • 9 days ago
  • San Antonio, TX
  • 9 days ago

Auto Lending, Commercial Lending, Direct Consumer Lending (DCL), Home Loans, Manufactured Homes (MH), SustainableHome Loans (SHL) and New Market-NOLA....

Financial Risk Specialist

  • Odessa, TX
  • 12 days ago
  • Odessa, TX
  • 12 days ago

Job Description: 1. Conduct Risk Evaluations: Perform regular assessments of organization's exposure to market and credit risk. 2. Develop financial risk management tools and practices. 3. Analyze...

Default Specialist II

  • Plano, TX
  • 13 days ago
  • Plano, TX
  • 13 days ago

Interface and coordinate with other departments, including Home Retention, Capital Markets, REO, Bankruptcy, Appraisal, Accounting, Legal, and Collections....

Core Non-Default Specialist I

  • Plano, TX
  • 13 days ago
  • Plano, TX
  • 13 days ago

Office (Excel, Word, PowerPoint) Must have strong business mathematical skills Financial Services and, if possible, mortgage industry experience preferred Why You Should Join As one of the top mortgage lenders...

Loss Prevention Specialist

  • Nacogdoches, TX
  • 14 days ago
  • Nacogdoches, TX
  • 14 days ago

Loss Prevention Specialist Job Description: Summary: The Loss Prevention Specialist is primarily responsible for preventing financial loss caused by theft and internal fraud and assisting in the...

Bankruptcy & Charge-Off Specialist

  • San Antonio, TX
  • 17 days ago
  • San Antonio, TX
  • 17 days ago

Lending, Commercial Lending, Direct Consumer Lending (DCL), Home Loans, Manufactured Homes (MH), SustainableHome Loans (SHL) and New Market-NOLA....

Asset Recovery Specialist III (Hybrid)

  • Irving, TX
  • 18 days ago
  • Irving, TX
  • 18 days ago

Solid understanding of finance/lending/collections. Proficient working knowledge of MS Office Suite....

Loss Prevention Specialist

  • El Paso, TX
  • 30+ days ago
  • El Paso, TX
  • 30+ days ago

ADP is hiring a Service Delivery Processing Specialist. In this role, you will serve as a Service Delivery Processing Specialist responsible for ADP check inquiries and issues. You will support...

Core Non-Default Specialist II

  • Fort Worth, TX
  • 90+ days ago
  • Fort Worth, TX
  • 90+ days ago

Office (Excel, Word, PowerPoint) Must have strong business mathematical skills Financial Services and, if possible, mortgage industry experience preferred Why You Should Join As one of the top mortgage lenders...

Demographic Data for Texas

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


Local
National
29,144,347
636,376

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.
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...
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,...
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...

Salary for Loss Specialist Jobs in Texas

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

Highest Education Level

Loss Specialists in Texas 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 Texas
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%



Loss Specialist Related Career Advice Articles

banker looking at charts on laptop
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 »