Senior Collections Account Specialist

Fora Financial is a technologically enabled, leading provider of flexible financing to small and medium-sized businesses. Since our inception in 2008, we have supported more than 55,000 merchants nationwide with over $4 billion of capital used for a variety of purposes, from funding everyday operating expenses to managing cash flow gaps to facilitating business expansion, and much more.

Leveraging our proprietary technology, Fora Financial is able to deliver capital to our customers via a streamlined and simple process that can be completed in as little as 24 hours, compared with the weeks or even months it often takes for a business to receive a bank loan. Over the past fourteen years, Fora Financial has grown from two founders in a small Manhattan workspace to a company of nearly 150 employees with new offices in New York and Miami. Fora Financial prides itself on being a partner-centric organization, offering a customized funding approach, collaborating with our small-business customers to understand their needs in a dynamic and ever-changing economic environment.

We offer a competitive salary, growth potential, and a casual yet professional hybrid work environment. Located in the heart of midtown Manhattan, you can enjoy lunch downstairs listening to the summer band series or around the corner in Bryant Park. After work, you can hop on a Citi Bike to ride to the Hudson River Park, take a stroll to a show on Broadway or attend an event at Madison Square Garden.

Our office sets the stage for our employees’ success and well-being. We provide all the tools and support needed to maximize your career potential, in addition to perks and extras like daily breakfasts, endless snacks, catered lunches, a chill lounge/games area and more. While we work very hard, we do not take ourselves too seriously.

We enjoy a family-like camaraderie that fosters a passion for success in each Fora Financial Team member. If this sounds like an environment you would be passionate to work in – apply now Fora Financial is a leading provider of fast and reliable working capital for small businesses through revenue based financing and small business loans. Being in the business of helping small businesses, servicing our customers with integrity, quality, security, and trust is the foundation of our brand.

Our employees are passionate about their work and the success of our organization is driven by the talent we attract. Our Default Specialists are effective negotiators, deliver high senses of urgency with effective cash flow management/analytical skills. Are you energetic, results driven and effective at urgently addressing and resolving risky situations?

Are you a passionate individual who thrives by providing exceptional service to internal and external stakeholders? Then you should apply to become a part of our passionate team Key Responsibilities: • Determining, identifying, and documenting event(s) of default. • Extensive experience evaluating and determining program risk; swift actioning and with proven above average recovery/resolution rates. • Collect financial statements to analyze and propose effective and realistic plans for resolution of default programs within the portfolio within required timelines. • Responsible for negotiating, articulating, and documenting written workout strategies, as well as monitor effectiveness including payment reporting and satisfaction of collection agreement requirements. • Ability to perform detailed searches of relevant customer information using publicly available data as well as the Bank’s internal tools and systems to keep track of and stay informed of the circumstances affecting past due or delinquent clients. • Prepare files and submit to designated counsel for legal matters within established timelines; initiate legal proceedings in pursuit of legal remedies upon continuing event of default. Base Salary Commission Plan Qualifications: • Bachelors degree in relevant field required. • 5 years of experience in a commercial lending environment with proven experience in commercial collections, credit evaluation, portfolio risk assessment and/or special assets. • Bi-lingual (English & Spanish) preferred. • Strong knowledge and understanding of credit and financial analysis tools and techniques. • Ability to identify and quantify business risks and the key drivers of risk and focus decisions accordingly. • Strong written and oral communication skills. • Strong organizational skills with ability to set priorities in a multi-task environment and meet deadlines. • Demonstrated proficiency with Windows based applications.

Why Fora Financial? Small Team Sizes Opportunity for Advancement Fun Learning Environment Medical, Dental, Vision Coverage 401k Plan with Company Match Gym Reimbursement for Employees on Medical Plans Life Insurance at No Cost to Employees Generous Time Off Plan Flexible Spending and Commuter Benefits Hybrid working model offering employees the option to work from home 2 days a week Fora Financial is an Equal Opportunity Employer