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Asset Recovery Manager
| Company | First Western Trust |
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| Location | Denver, CO, USA |
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| Salary | $121000 – $194000 |
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| Type | Full-Time |
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| Degrees | Bachelor’s |
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| Experience Level | Senior |
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Requirements
- Bachelor’s degree in Finance, Accounting, Economics or related field required
- 5–7 years of experience in consumer and commercial loan workout, collection, and recovery
- Strong credit analysis, loan accounting knowledge, and familiarity with workout/liquidation policies
- Deep understanding of legal documentation, bankruptcy processes, and post-judgment collection
- Excellent communication and negotiation skills
- Accurate keyboarding and strong Microsoft skills
Responsibilities
- Analyze and assess assigned problem loans, determining the most effective method for maximizing financial recovery.
- Develop and recommend collection strategies for problem loans and communicate these strategies to relevant stakeholders.
- Negotiate forbearance, settlement agreements, and loan restructurings with clients, attorneys, and internal teams to secure appropriate workout arrangements.
- Issue default and demand letters, monitor compliance with workout terms, and initiate collection activities as needed.
- Conduct site inspections of collateral, manage the disposition process, and ensure proper protection of assets.
- Manage the foreclosure sale process and administer bank-owned property, including coordinating maintenance and insurance coverage.
Preferred Qualifications
- Advanced degree in JD, MBA, or relevant certifications (CFA, CPA, CFE, Paralegal) preferred
