Strategic Asset Recovery & Workouts 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 (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.