Commercial Asset Recovery Manager

NWSB (New Washington State Bank); Charlestown (IN); On-site; USD 90,000 - 130,000; Full time

Benefits offered by this job

Health insurance

Vision insurance

401(k)

401(k) matching

Competitive salary

Dental insurance

Job summary

NWSB (New Washington State Bank) is seeking a Commercial Asset Recovery Manager for an on-site role at our Charlestown or Sellersburg, Indiana branches. The ideal candidate has 5+ years in commercial lending, skilled in credit analysis, negotiation, and regulatory compliance.

Responsibilities include managing high-risk, non-performing loans, coordinating workouts, and overseeing legal recoveries, foreclosures, and asset liquidations to maximize returns for the bank.

Qualifications

• Bachelor’s degree in finance, business, or accounting.
• 5+ years in commercial lending, credit analysis, and debt recovery.
• Strong knowledge of banking regulations.

Responsibilities

• Manage high-risk, non-performing loans to minimize losses.
• Evaluate distressed accounts and negotiate loan restructures.
• Coordinate workouts with borrowers and legal counsel.
• Oversee legal recoveries, foreclosures, and asset liquidations.

Skills

Credit analysis

Negotiation

Risk assessment

Regulatory knowledge

Attention to detail

Organizational skills

Asset recovery

Education

Bachelor’s degree in finance, business, or accounting

Job description

NWSB is adding a Commercial Asset Recovery Manager to our team! This is an on-site position to be located at our Charlestown or Sellersburg Indiana branch. Must have 5+ years experience in commercial lending. You will manager high-risk, non-performing loans to minimize financial losses. This role evaluates distressed accounts, negotiates loan restructures, and coordinates workouts with borrowers. When rehabilitation fails, the specialist oversees legal recoveries, foreclosures, and asset liquidations. The position requires strong credit analysis, sharp negotiation skills, and a deep understanding of banking regulations.

Benefits

• Health insurance
• Vision insurance
• 401(k)
• 401(k) matching
• Competitive salary
• Dental insurance

Loan Restructuring

• Review borrower financial metrics to assess repayment capacity.
• Create new performance milestones the borrower must meet.
• Draft formal loan modifications.

Risk Evaluation

• Analyze updated market valuations for real estate and equipment.
• Review commercial financial statement and follow up on risk accounts.
• Legal and Recovery Work:
• Collaborate closely with legal counsel to establish clear, compliant resolution paths that protect assets.
• Coordinate the execution of legal remedies, settlement structures, and asset recovery plans to maximize financial returns.

Loss Prevention

• Develop and execute comprehensive loss-mitigation plans early in the delinquency cycle to mini-mize financial exposure.
• Present regular loss-exposure updates to leadership.

Education or Equivalent

• Bachelor’s degree in finance, business, or accounting
• 5+ years in commercial lending, credit analysis, and debt recovery.

Knowledge/Skills Requirements

• Strong grasp of banking laws, bankruptcy codes, and collection regulations.
• High-level negotiation and problem-solving abilities.
• Strong organizational skills with the ability to prioritize and manage multiple tasks.
• High level of accuracy and attention to detail.