Loss Specialist Jobs in Rhode Island
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.
Health and Safety Loss Prevention Specialist
- East Providence, RI
- 4 days ago
- East Providence, RI
- 4 days ago
RI Interlocal Risk Management Trust Health and Safety Loss Prevention Specialist in East Providence , Rhode Island Health and Safety Loss Prevention Specialist What youll be doing The Trust has an...
Demographic Data for Rhode Island
Moving to Rhode Island? Find some basic demographic data about Rhode Island below.
Loss Specialist Online Courses and Training Opportunities
Salary for Loss Specialist Jobs in Rhode Island
Highest Education Level
Loss Specialists in Rhode Island offer the following education backgroundQualifications / Skill Sets
The following top skills are often required or desired to land a Loss Specialist position
- Inventory Management
- Interviewing
- Inventory Control
- Conflict Resolution
- Supply Chain
- Crisis Management
- Distribution
- Flexibility
- Shrinkage Control
- Implementation
- Military Background
- Law Enforcement
- Physical Security
- Asset Protection
- Events
- Liaison
- Accounting Software
- Surveillance
- Internal Investigations
- Closed-Circuit Television
- Criminal Justice
- Loss Control
- Business Continuity
- Security Operations
- Lending
- Mortgage Processing
- Fraud Investigation
- Loss Prevention
- Problem Resolution
- Accounts Receivable
- Data Analytics
- Customer Satisfaction
- Risk Management
- Collections
- Process Improvement
- High School Diploma
- Retail
- Auditing
- Investigation
- Typing
- Quality Assurance
- Bachelor's Degree
- Regulations
- Multitasking
- Policy Development
- Microsoft Excel
- Microsoft Office
- Organization
- Customer Service
- Leadership
- Communication Skills
Other Career Titles
Here are some other career titles that require similar skills
Loss Specialist Related Career Advice Articles

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 »