Senior Debt & Asset Recovery Specialist
Our Client is seeking a Senior Debt & Asset Recovery Specialist to join its Asset Recovery team in Itasca. This role is focused on managing complex, late-stage delinquency portfolios with an emphasis on asset preservation, recovery strategies, repossessions, loss mitigation, and negotiations .
The ideal candidate brings a strong background in asset-based collections , understands how to maximize recovery outcomes, and is comfortable making judgment calls regarding workouts, payment arrangements, skip tracing strategies, and repossession activity.
Key Responsibilities for the Senior Debt & Asset Recovery Specialist
- Manage a portfolio of highly delinquent asset-based accounts
- Develop and execute recovery strategies to maximize asset recovery and minimize losses
- Conduct advanced skip tracing to locate borrowers, collateral, and assets
- Utilize TLO, CLEAR, and other investigative tools to support recovery efforts
- Manage escalated customer situations and difficult negotiations
- Monitor KPIs including recovery rates, cycle times, and portfolio performance
- Document account actions, recommendations, and recovery outcomes
Qualifications for the Senior Debt & Asset Recovery Specialist
Required:
- 5+ years of experience in asset recovery, repossessions, loss mitigation, or late-stage collections
- Strong understanding of secured collateral and asset-based lending environments
- Advanced skip tracing experience
- Hands-on experience using TLO and/or CLEAR
- Experience evaluating repossession, recovery, and workout strategies
- Strong negotiation and conflict-resolution skills
- Ability to manage a high-volume portfolio while maintaining attention to detail
- Proficiency with Microsoft Office, particularly Excel
Preferred:
- Consumer finance, equipment finance, automotive finance, or asset-based lending experience
- Recovery leadership or mentoring experience
- Experience with portfolio analytics and recovery performance metrics