Portfolio Manager

Alliance Laundry Systems, LLC is ideally located in a beautiful, recreationally rich, and family friendly environment that offers a wealth of home purchase options that allow you to have a much better work/life balance than you may have today. Our office environment is team-based and our commercial laundry is recession resistant. We offer a competitive salary and benefits package to include 6% 401(k) Match, Tuition Reimbursement, Company-Paid Dental, Company-Paid Disability, and much more. Alliance Laundry Systems LLC is an Equal Opportunity / Affirmative Action Employer.

Position Overview

Under the direction of the Portfolio Management Supervisor, the candidate will be responsible for managing a dynamic secured portfolio of delinquent and defaulted loan accounts. This will require written and oral communication with the customer, our distributor, landlords and possible legal counsel. The candidate will work with the customer to resolve the matters in professional manner while protecting the interests of the Company. The candidate will utilize loan workout strategies to include amendments, assumptions, refinancing activities and repossession. This role requires organized and thorough documentation of all events per account and report status of the portfolio by account to the Supervisor.

The candidate is expected to monitor all accounts using reporting provided by the loan systems in place. The candidate will contact delinquent accounts to investigate and help resolve the reasons for late payments and to maintain current payment performance. They will determine the best course of action to support the customer while maintaining and protecting the secured position of the Company.

The candidate will at all times exercise diplomacy and professionalism while pursuing payments to maintain a positive customer relationship and goodwill towards Alliance. The individual will at all times maintain the security and confidentiality of the client's credit information and uphold the integrity of Alliance's finance company.

Position Responsibilities:

  • Primary duties:
    • Responsible for accurate servicing and maintenance of loans within the asset backed facility and on the Alliance balance sheet.
    • Monitor all accounts using reporting provided by loan software system(s).
    • Contact delinquent accounts to investigate and help resolve the reasons for late payments and maintain current payments in the future.
    • Perform credit analysis on new and existing guarantors. Collect and analyze financials statements and utility bills to determine business profitability. This information will be used to determine a plan of action in working with any existing or new guarantor while maximizing recovery on asset for the Company. The candidate will present analysis and plan of action to Supervisor for guidance and approval.
    • Work closely with customers to provide loan workouts, amendments, assumptions. Prepare and process loan documentation necessary to facilitate such transactions adhering to strict policies of the Company.
    • Work closely with distributors, landlords and legal counsel to assess defaulted equipment loan transactions. Devise a recommended strategy on to pursue for repossession of equipment or store in tact. Actively market and liquidate according to this strategy while obtaining the highest possible recovery for the Company.
    • Document all correspondence to ensure accurate history of events relating to the collection efforts.
    • Special projects and assignments as assigned by Supervisor or Director of Financial Services.

Position Qualifications:

  1. Knowledge/Experience:
    • A minimum of five (5) years experience in credit and collections work with specific experience in the sale and liquidation of repossessed assets.
    • Working knowledge of PC-based spreadsheet and database software.
    • Working knowledge of the Uniform Commercial Code, secured transaction documentation, and collection law.
  2. Skills and Abilities:
    • Excellent oral and written skills as well as effective interpersonal skills.
    • Ability to independently plan, prioritize and carry out simultaneous projects and meet deadlines.
    • Ability to manage multiple tasks, organize tasks and complete them in a timely manner.
  3. Education:
    • A bachelor's degree in a business related field (finance preferred) with the successful candidate possessing coursework or experience in collections, business law and recovery on assets.
  4. Physical Requirements
    • Position involves sitting long periods, standing, manual dexterity, stooping, bending and minimal lifting.

Alliance Laundry Systems offers a competitive salary and benefits package. Please send your resume along with salary requirements to:

Email: applyALS@alliancels.com (please include position applying for in subject line)

Mail To:
Alliance Laundry Systems LLC
Attn: HR Department
Shepard Street, PO Box 990
Ripon, WI 54971

Alliance Laundry Systems LLC is an Equal Opportunity /Affirmative Action Employer

Click here to apply

Latest News