Asset Recovery and Collections Manager

Job Type: Full-time

Location: Rutherford, NJ

Summary: Works with the Chief Credit Officer in managing the Bank’s problem credits both as Primary and Advisory Officer, through timely advisement to the business units on or direct development and execution of the most appropriate action plans for rehabilitation of certain workout credits, or maximizing the recovery by liquidation of assets or collateral, collection under guarantees, litigation, and post charge-off recovery efforts. Manages loan collector.

Minimum/Essential Job Requirements:

  • Bachelor's degree in Accounting or Finance or related field

  • A minimum of 5 to 10 years special assets experience 

  • Experience and high level of success on strategies for disposing of REO and NPAs while yielding the highest return for the Bank

  • Demonstrated sound background in all aspects of commercial, real estate and consumer lending; particularly credit structure and loan policy

  • Ability to analyze credit and develop and negotiate repayment terms with companies and individuals

  • Experience with complex credits and strong knowledge of collateral valuation/liquidation

  • Knowledge of legal aspects of loan documentation and ability to interact with internal, external, and borrower's counsel

  • Experience in property management 

  • Experience working with condominium boards or knowledge of condominium association board responsibilities 

  • PC proficient with a good working knowledge of Microsoft Word and Excel

  • Must be able to remain in a stationary position for a significant amount of time

  • The person in this position needs to occasionally move about inside the office to access file cabinets, office machinery, etc.


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