Asset Recovery Specialist 2

Job description

Description Job Scope: The Asset Recovery Specialist 2 manages day-to-day post-charge-off and secured collateral recovery efforts by applying working knowledge of asset recovery practices. This role evaluates charged-off loans and delinquent accounts for collectability, initiates and documents repayment options, and coordinates repossession assignments, loan modifications, extensions, and collateral disposition within established policies. The Asset Recovery Specialist 2 also resolves lien and impound issues and supports post-charge-off recovery processes. This position independently handles routine tasks and begins to manage more nuanced situations, such as monitoring vendor performance, ensuring compliance with regulatory requirements, and assisting in small process improvements. The Asset Recovery Specialist 2 serves as a knowledgeable resource to team members in asset recovery operations, vendor management, and compliance, while helping to minimize credit union losses and maintain a high standard of member service. Essential Functions: - Apply working knowledge of credit union policies and regulatory requirements to process secured loan charge-offs accurately and on time. - Rev...