Sr Collateral Auction Specialist

BECU

Tukwila, WA

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JOB DETAILS

JOB TYPE

Full-time, Employee

SKILLS

ASE, Asset Management, Automotive Industry, Automotive Sales, Bankruptcy, Body Shop, Business Operations, Business Support, Business Transformation, Communication Skills, Credit Union, Customer Experience, Data Collection, Driver's License, Ecosystems, Insurance, Insurance Claims, Inventory Management, Leadership, Legal, Negotiation Skills, Operational Support, Philosophy, Pre-Sales, Presentation/Verbal Skills, Reconciliation, Regulatory Compliance, Reimbursement Guidelines, Reporting Skills, Risk Management, Sales, Sales Management, Sales Support, Team Player, Tuition Reimbursement, Willing to Travel, Writing Skills

LOCATION

Tukwila, WA

POSTED

30+ days ago

Is it surprising to hear that a financial institution of 1.5 million members and over $30 billion in managed assets say that success comes from focusing on people, not profits?

Our "people helping people" philosophy has guided us since 1935, driving our deep commitment to serving our members, communities, and each other. When you join our team, you become part of a purpose-driven organization where your work makes a real difference.

While we're proud of our history, we're even more excited about our future. With business and technology transformation on the horizon, there's never been a better time to be part of BECU.

PAY RANGE

The Target Pay Range for this position is $38.56-$47.02 hourly. The full Pay Range is $30.00-$55.63 hourly. At BECU, compensation decisions are determined using factors such as relevant job-related skills, experience, and education or training. Should an offer for employment be made, we will consider individual qualifications. In addition to your salary, compensation incentives are available for the hired applicant. Incentives are performance based and targets vary by role. hourly. At BECU, compensation decisions are determined using factors such as relevant job-related skills, experience, and education or training. Should an offer for employment be made, we will consider individual qualifications. In addition to your salary, compensation incentives are available for the hired applicant. Incentives are performance based and targets vary by role.

BENEFITS - because people helping peoplestarts with supporting you

401(k) Company Match (up to 3%)

4% annual contribution to your 401(k) by BECU

Medical, Dental and Vision (family contributions as well)

PTO Program + Exchange Program

Tuition Reimbursement Program

BECU Cares volunteer time off + donation match

IMPACT YOU'LL MAKE:

As a Sr. Collateral Auction Specialist, you'll play a pivotal role in shaping how BECU maximizes value, protects members, and advances our remarketing strategy. Your expertise ensures that repossessed assets are handled thoughtfully, efficiently, and in full alignment with compliance expectations.

You'll be the person driving smarter decisions, strengthening relationships with auction partners, and ensuring each asset's journey-from recovery to sale-supports BECU's mission and member experience. Your insights and actions won't simply complete transactions...they'll meaningfully influence outcomes, mitigate risk, and support the broader BECU financial ecosystem.

This role is hybrid and will need to travel on a regular basis.

WHAT YOU'LL DO:

Asset Sale Decisioning:
Approve offers on assets up for sale and ensure each repossessed item is sold in a commercially reasonable and compliant manner.

Inventory Oversight & OnSite Representation:
Control and monitor inventory while being present at authorized locations to manage pre-sale and sale-day activities and uphold all regulatory and compliance standards.

Market Insight & Community Involvement:
Stay plugged into the remarketing industry, keeping yourself informed of changing trends and best practices impacting repossessed assets.

Risk Reduction & Operational Excellence:
Deliver on remarketing standards, policies, and procedures to minimize risk, manage inventory, and support secure and accurate handling of all repossessed assets.

Reconciliation & Financial Processing:
Reconcile sold inventory, process proceeds, update vehicle databases, and support the charge-off process within required timeframes.

Reporting & Communication:
Provide requested reporting and respond to inquiries from internal partners, auctions, and vendors.

Data Gathering & Coordination:
Obtain initial information from collections and other departments, including Notice of Intent and sale availability dates.

Hold Tracking & Audit Support:
Track, audit, and generate reports for accounts on hold (e.g., legal, bankruptcy, title issues, redemption).

Dealer Coordination:
Review dealer booking sheets and work with the Indirect Team to collect applicable refunds or payoffs.

PostSale Review:
Ensure sold files are reviewed for Dealer Billbacks (MBI, GAP, LAH) and follow up for payment.

Insurance Handling:
Obtain insurance details for damaged vehicles and submit insurance claims for review and processing.

Title & Document Management:
Organize sale files, secure titles, and maintain required documentation for completed sales.

Auction Oversight:
Ensure auctions follow BECU direction, meet expense guidelines, and adhere to CU Auction basics.

Issue Escalation:
Serve as the first point of escalation for complex issues, elevating higher-level concerns to leadership as needed.

Relationship Stewardship:
Represent BECU and our 3rdparty partners professionally and consistently at all times.

Adaptability & Team Support:
Perform other duties as needed to support business operations and team success.

This isn't just about ticking off tasks on a list. It's about making a significant, positive change in BECU's journey, where your contributions are valued, and your growth is continually fostered.

WHAT YOU'LL GAIN:

A role where your industry knowledge matters: You'll influence major decisions and lead remarketing outcomes with autonomy.
High visibility and impact: You're the expert others turn to-your insights shape strategy across departments.
Engagement with a broad network: Auctions, dealers, vendors, internal partners-you'll build meaningful relationships across the ecosystem.
A blend of field and office work: A dynamic environment where each day brings new challenges and problemsolving opportunities.
Professional growth in a valuesdriven credit union: Be part of an organization committed to member impact and ethical decisionmaking.
Opportunities to refine negotiation, analytics, and compliance skills: Perfect for someone who thrives in highstakes, detaildriven environments.
Support for certifications and continued learning: A culture that encourages skill-building and domain expertise.

QUALIFICATIONS:

Minimum Qualifications:
Bachelor's Degree or equivalent work or educational experience required.
Minimum five years of experience in the automotive industry or auction related experience, with at least one year in auto repossession, required.
Current valid Washington State driver's license required.
Full time hours required, with additional hours as necessary.
Proficient verbal and written skills required to effectively communicate.
Able to travel locally 23 days a month.

Desired Qualifications:
Experience with auto sales through auctions or dealer experience is preferred.
ICA-certified ASE preferred.
CAR (Certified Automotive Remarketer) certification preferred.
Previous experience within BECU or another financial institution preferred.
Automotive/RV knowledge/experience such as mechanical and body shop preferred.
Ability to negotiate in high pressure environment with best interest of BECU and 3rd party clients.

JOIN THE JOURNEY
Ready to make an indelible impact? Eager to be part of a collaborative and innovative team where your ideas and contributions don't just fill a role, but fuel the growth and success of BECU?

This is more than a job - it's a chance to elevate your career, skills, and future, all while contributing to the robust technological landscape of BECU.

Embrace the opportunity to grow with us. Apply now, bring your expertise to the table, and let's achieve excellence together at BECU. Your journey of influence, innovation, and impactful contribution starts now.

#BECU #YourGrowth #BECUJourney

EEO Statement:

BECU is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, veteran status, disability, sexual orientation, gender identity, or any other protected status.

About the Company

BECU

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