Senior Asset Recovery Strategist

Lake Trust Credit Union; Brighton (MI); On-site; USD 55,000 - 85,000; Full time

Benefits offered by this job

Financial wellbeing services

401(K) matching with up to 5% match

Reduced health insurance

Employee wellbeing services

DE&I initiatives

Work-life balance

Job summary

Lake Trust Credit Union is seeking an Asset Recovery Specialist to locate and reclaim missing or delinquent assets. You will handle skip-tracing, negotiate repayment plans, and coordinate with legal teams to secure assets while ensuring compliance with state and federal regulations.

The role requires a High School diploma and 6+ years of collections/recovery experience. You will work to protect member interests and maintain a positive, service-oriented recovery process within the credit union.

Qualifications

• High School diploma (GED) required.
• Six (6+) years’ experience in collections/recovery required.
• Strong analytical skills, ability to think strategically and influence business decisions using appropriate, fact-based financial information.
• Strong written and oral communications skills.
• Independent with ability to work productively with minimal direct supervision.
• Proven ability to support a strong member/customer service culture.

Responsibilities

• Review charge-off recommendations and dispose of repossessed assets.
• Track monthly loss mitigation data and identify training needs.
• Work Loss Mitigation queues weekly and administer real estate owned (OREO) assets.
• Perform all aspects of the real estate foreclosure process.
• Oversee mobile home foreclosures and related accounting spreadsheets.
• Manage post-charge off recoveries, settlements, and legal aspects to optimize recoveries.
• Locate hard-to-find debtors or hidden collateral using specialized databases.
• Contact delinquent clients to negotiate repayment plans, loan modifications, or voluntary surrenders.
• Coordinate with external repossession agents, law enforcement, and legal teams to repossess and secure assets.
• Maintain precise interaction logs and ensure recovery steps adhere to regulations.
• Prepare files for asset resale, charge-offs, or legal litigation, and report recovery metrics.
• Perform other duties as required or assigned.

Skills

Analytical thinking

Communication skills

Independent work

Education

High School Diploma (GED)

Job description

Lake Trust Credit Union is seeking an Asset Recovery Specialist to locate and reclaim missing or delinquent assets. You will handle skip-tracing, negotiate repayment plans, and coordinate with legal teams to secure assets while ensuring compliance with state and federal regulations.

The role requires a High School diploma and 6+ years of collections/recovery experience. You will work to protect member interests and maintain a positive, service-oriented recovery process within the credit union.