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About the Role

Canon Financial Services, Inc. (CFS) located in Mount Laurel, NJ is currently seeking a Collections Workout Specialist (Specialist, Workout). The Collections Workout Specialist initiates collection activities on delinquent contracts in excess of 90 days delinquent and distressed/defaulted contracts as identified and assigned by management.

This position is full time and offers a hybrid work schedule requiring you to be in the office Tuesday and Wednesday and an option to work from home the remainder of the week (unless a specific business need arises requiring in office attendance on other days). Note that work schedules and office reporting requirements may change from time to time based on business needs.

Your Impact

- Responsible for overseeing late stage collection activities, including ensuring the portfolio performs within acceptable limits and that the business provides superior customer/dealer service

- Manages all aspects of the day to day activities of the distressed accounts, may include: analyzing financial statements, conducting complex negotiations with various stakeholders, restructuring debt, developing exit strategies and coordinating legal documentation

- Expected to maintain consistent ongoing contact with customers by placing outbound phone calls, emails and/or letters in an effort to reduce and/or eliminate delinquencies

- Minimizes losses and secure machines in field, including repossession of equipment

- Perform in-depth skip tracing to locate and/or contact customer. Utilize all available tools to rectify defaults and cure delinquency within company policy and assigned authorities

- Perform account reconciliations to ensure proper cash application on delinquent accounts in addition to resolution of unapplied cash in timely fashion

- Review and analyze basic financial statements and DNB credit reports. Ability to analyze data and make recommendations to management for best course of action to assist customer

- Identify distressed customers where accelerated activity is required by CFS to secure our financial interest in the asset

- Monitor and report on portfolio to management, including recommendations and preparation of documents to support exceptions to the standard charge-off policy

- Special projects as assigned

- Works closely with management on how to minimize loss through application of various recovery tools

- Interacts frequently with management, credit managers, dealers and customers

- Collaborates with other business units to ensure consistent application of policy and process while continually striving to improve results through better coordination across functional work groups

About You: The Skills & Expertise You Bring

- Requires a bachelor's degree in a related area or equivalent work experience

- 3+ years plus of collections experience, advanced workout experience preferred

- Prior leasing experience a plus

- Expected travel – 5% to 10%

We are providing the anticipated salary range for this role: $54,460 - $81,550 annually.

Company Overview

About our Company - Canon Financial Services, Inc. (CFS) is a wholly-owned subsidiary of Canon U.S.A., Inc. Canon U.S.A., Inc., is a leading provider of consumer, business-to-business, and industrial digital imaging solutions to the United States and to Latin America and the Caribbean markets. With approximately $30.3 billion in global revenue, its parent company, Canon Inc. (NYSE:CAJ), ranks third overall in U.S. patents granted in 2022† and is one of Fortune Magazine's _World's Most Admired Companies_ in 2022. Canon U.S.A. is dedicated to its _Kyosei_ philosophy of social and environmental responsibility. To keep apprised of the latest news from Canon U.S.A., sign up for the Company's RSS news feed by visitingwww.usa.canon.com/rss (https://www.usa.canon.com/internet/portal/us/home/about/newsroom/rss-feeds/) and follow us on Twitter @CanonUSA. For media inquiries, please [email protected] ( [email protected]) .

• Based on weekly patent counts issued by United States Patent and Trademark Office.

All referenced product names, and other marks, are trademarks of their respective owners.

Canon Financial Services offers a competitive compensation package including medical, dental, vision, 401(k) Savings Plan, discretionary profit sharing, discretionary success sharing, educational assistance, recognition programs, vacation, and much more.https://www.usa.canon.com/about-us/life-at-canon/benefits-and-compensation ( https://www.usa.canon.com/about-us/life-at-canon/benefits-and-compensation)

We comply with all applicable federal, state and local laws, regulations, orders and mandates, including those we may be required to follow as a federal government contractor/subcontractor.

All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability or protected veteran status.

If you are not reviewing this job posting on our Careers’ sitehttps://www.usa.canon.com/internet/portal/us/home/about/careers (https://www.usa.canon.com/about-us/life-at-canon) , we cannot guarantee the validity of this posting. For a list of our current postings, please visit us athttps://www.usa.canon.com/internet/portal/us/home/about/careers (https://www.usa.canon.com/about-us/life-at-canon)

\#CFS

Workstyle Description

Hybrid - This position offers a hybrid work schedule requiring you to be in the office Tuesdays and Wednesdays and an option to work from home the remainder of the week (unless a specific business need arises requiring in-office attendance on other days). Note that work schedules and office reporting requirements may change from time to time based on business needs.

Posting Tags

\#PM19 #LI-AV1 #LI-HYBRID #ID22

**Location** _US-NJ-Mount Laurel_

**Company** _Canon Financial Services_

**Requisition ID** _33403_ **Category** _Customer Service/Support_ **Position Type** _Full-Time_ **Workstyle** _Hybrid_

Canon is proud to be an equal opportunity/affirmative action employer. Minority/Female/Individuals with Disabilities/Veteran. We value the diversity of our workforce and knowledge of our people. All qualified applicants will receive consideration for employment without regard to age, race, color, religion, sex, sexual orientation, gender identification, national origin, disability, genetic information or protected veteran status, or any other characteristic protected by law. Click on the following links to learn more "EEO is the Law" poster, "EEO is the Law" poster supplement, NLRA "Employee Rights" poster and Canon’s Pay Transparency Statement.

Canon is committed to providing reasonable accommodations to qualified individuals with disabilities. If you require a reasonable accommodation in order to complete an employment application, or during the application process, please e-mail us at [email protected].