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**Career Area**:Finance**:**Work Shapes the World at Caterpillar Inc.**When you join Caterpillar, you're joining a global team who cares not just about the work we do - but also about each other.
We are the makers, problem solvers and future world builders who are creating stronger, more sustainable communities.
We don't just talk about progress and innovation here - we make it happen, with our customers, where we work and live.
Together, we are building a better world, so we can all enjoy living in it.
**About Cat Financial****At Caterpillar, you build what matters—whether it's the career you want, crucial work skills, strong relationships or new digital technologies.
There are big jobs to be done worldwide—building critical infrastructure, bolstering local economies, meeting the demand for energy—and that work is powered by our people, which is build through diversity, aiming to achieve the best results.
****If you are looking for personal and professional growth in a company with an inclusive culture that seeks equity, respect differences and believes in employee's potential, this is the right place!
We consider in all positions people with disabilities, diverse gender, culture, labor unions, political beliefs, ethnicity, religion, age, generation, race, nationality and sexual orientation.
****JOB SUMMARY**:Manage assigned portfolio to collect and bring timely resolution to accounts that have transferred to Special Account Department, by recommending and/or executing direct collections, restructures, repossessions, and other collection actions, from active, inactive or written-off assets.
Collaborate with Line Unit, Legal Services, Risk Management Corporate Credit, Corporate Reporting and Asset Management to maximize the value of the Special Accounts Portfolio and Recoveries Collections.
**PRINCIPAL DUTIES AND RESPONSIBILITIES**:1.
Analyzes, recommends, and executes Collection strategies for accounts in the Special Accounts portfolio2.
Analyzes, recommends, and executes Portfolio Management strategies for accounts in the Special Accounts portfolio3.
Recommends loss minimization actions for the Special Accounts portfolio, including late charge discount, waivers, collection expense management, etc.4.
Directly negotiates with customers from the Special Account portfolio workouts, payment, and/or exit plans.5.
In partnership with the Asset Management team, performs equipment audits on Special Accounts and authorizes and evaluates equipment inspections as needed6.
Underwrites credit proposals for Special Accounts workouts, including restructures within different levels of credit authority7.
In partnership with the Legal Services Division, provides direction and leadership to the repossession, recovery, or legal efforts.
Authorizes and conducts equipment repossessions, which includes authorizing legal correspondence and arranging for transportation and safe storage of the units8