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Asset Recovery Coordinator Jobs (NOW HIRING)

Libertas Funding

Head of Asset Recovery

Greenwich, CT · On-site

Coordinates with outside legal counsel providing supporting documentation, reviewing and approving legal invoices, and coordinating responses to execute rapid legal remedies such as temporary ...

Peoples Financial Services

Asset Recovery Officer

Moosic, PA · On-site

$14.50 - $16.50/hr

Asset Recovery Officer If you are looking for a great place to work, and reach your potential, look ... Coordinates the timely purchase of SBA guaranteed loans and reimbursement of qualified expenses ...

WESTAMERICA BANK

Asset Recovery Specialist

Fairfield, CA

$16.50 - $26.69/hr

Coordinates repossession activities on consumer loans and analyzes to gain maximum financial recovery. ESSENTIAL FUNCTIONS: Fundamental Duties * Coordinates repossession activities on exceptionally ...

Westamerica Bank

Asset Recovery Specialist

Fairfield, CA · On-site

$16.50 - $26.69/hr

Coordinates repossession activities on consumer loans and analyzes to gain maximum financial recovery. ESSENTIAL FUNCTIONS: Fundamental Duties * Coordinates repossession activities on exceptionally ...

Westamerica Bank

Asset Recovery Specialist

Fairfield, CA · On-site

$16.50 - $26.69/hr

Coordinates repossession activities on consumer loans and analyzes to gain maximum financial recovery. ESSENTIAL FUNCTIONS: Fundamental Duties * Coordinates repossession activities on exceptionally ...

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How much do asset recovery coordinator jobs pay per hour?

As of Aug 7, 2026, the average hourly pay for asset recovery coordinator in the United States is $26.95, according to ZipRecruiter salary data. Most workers in this role earn between $20.67 and $34.13 per hour, depending on experience, location, and employer.

What does an asset recovery coordinator do?

An Asset Recovery Coordinator is responsible for managing and overseeing the process of recovering, tracking, and disposing of company assets that are no longer in use or have reached the end of their lifecycle. This includes coordinating with different departments to ensure assets are properly documented, reclaimed, or recycled in accordance with company policies and legal regulations. They may also handle the sale or donation of recovered assets and work to maximize the value recovered for the organization while minimizing losses. Attention to detail, organizational skills, and knowledge of compliance requirements are important in this role.

What is the role of an asset recovery coordinator?

An asset recovery coordinator is responsible for locating, securing, and recovering assets that are owed or lost, often working with legal teams and using tracking tools. They develop recovery strategies, negotiate with stakeholders, and ensure compliance with relevant regulations to maximize asset recovery efforts.

What are the key skills and qualifications needed to thrive as an asset recovery coordinator, and why are they important?

To thrive as an Asset Recovery Coordinator, you need strong organizational skills, attention to detail, and experience in asset management or logistics, often supported by a relevant associate or bachelor’s degree. Familiarity with inventory management systems, asset tracking software, and sometimes certifications like Certified Asset Recovery Specialist (CARS) are typically required. Excellent communication, problem-solving, and negotiation skills help in coordinating with clients, vendors, and internal teams. These abilities ensure efficient recovery, minimal asset loss, and compliance with company policies and legal regulations.

What are some common challenges faced by asset recovery coordinators, and how can they be addressed effectively?

Asset Recovery Coordinators often encounter challenges such as tracking down missing or unreturned assets, coordinating with multiple departments, and ensuring compliance with company policies. Effective communication and meticulous record-keeping are crucial to overcoming these hurdles. Building strong relationships with team members and leveraging asset management software can streamline recovery efforts and minimize losses. Staying organized and proactive in follow-ups also helps in reducing recovery times and improving overall efficiency.
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Asset Recovery Coordinator jobs near you

Head of Asset Recovery

Libertas Funding

Greenwich, CT • On-site

Full-time

Re-posted 8 days ago

Job description

About the Company:
Libertas Funding is an institutional-quality private credit firm headquartered in Greenwich, CT, providing growth capital, revenue-based financing, and working capital solutions to established small and medium-sized businesses nationwide. Backed by deep institutional banking and credit expertise, Libertas combines proprietary technology and disciplined underwriting with a relationship-first approach, serving as a long-term financial partner to middle-market businesses pursuing acquisitions, expansion, and other strategic growth initiatives. We seek qualified candidates who work with integrity and excellence, and who value teamwork, customer service, diversity, and accountability.
Position Overview:
The Head of Asset Recovery leads the end-to-end resolution of problem loans, developing and executing recovery strategies that protect principal and maximize outcomes through restructuring, settlement, liquidation, or exit. This role conducts detailed borrower and guarantor financial analysis, recommends risk grade/accrual and loss recognition actions, and negotiates and documents workout arrangements while monitoring ongoing performance. The position also oversees collection-related litigation and post-judgment efforts, coordinates collateral evaluation and disposition, partners cross-functionally (Legal, Credit/Loan Policy, Loan Operations, Compliance) and provides portfolio reporting and leadership to the asset recovery department.
Key Responsibilities:
  • Rapid Asset & Cash Flow Stabilization: Immediately analyzes distressed SME business operations to evaluate the true conversion cycle of short-term collateral (accounts receivable, inventory, and equipment) to determine the optimal recovery strategy (turnaround, restructure, settlement, liquidation, or exit) maximizing financial recovery
  • Forensic Cash Flow Analysis: Collects and forensic-analyzes bank statements, accounts receivable aging reports, tax filings, and corporate financial statements to identify diverted cash, unbooked liabilities, or preferential payments; recommend accrual status, loss recognition, and charge-off/non-accrual as appropriate
  • Tailored SME Restructuring: Negotiates and structures short-term forbearance agreements, borrowing base adjustments, and accelerated repayment plans that align with the borrower's seasonal cash flow realities without over-extending bank risk; monitor compliance and performance against agreed terms.
  • Collateral Control & Liquidation: Directs the rapid inspection, valuation, protection and liquidation of non-real estate collateral. Implements lockbox arrangements, direct debtor notifications (for accounts receivable redirection), or asset seizures where necessary.
  • Guarantor & Personal Asset Pursuit: Evaluates and aggressively pursues secondary repayment sources, including personal and corporate guarantors, utilizing asset searches to secure additional collateral or liens.
  • Early Intervention Consulting: Partners with frontline SME lending teams to identify early warning signs of deteriorating liquidity (e.g., overdraft patterns, frequent loan extensions, trade payment delays) to mitigate / minimize losses before default.
  • Litigation & Post-Judgment Strategy: Coordinates with outside legal counsel providing supporting documentation, reviewing and approving legal invoices, and coordinating responses to execute rapid legal remedies such as temporary restraining orders (TROs), writs of attachment, confessions of judgment, and post-judgment garnishments. Attend and support legal proceedings as required (hearings, depositions, trials, etc.)
  • Portfolio Reporting & Compliance: Prepares specific impairment analyses, criticized asset reports, and charge-off recommendations for senior management. Ensures all workout strategies comply with internal credit policies and banking regulations. Communicate regularly with Senior Leadership, including formal portfolio reporting as required.
  • Leadership: Acts as a subject matter expert and mentor to junior workout specialists on the unique risks inherent to asset-backed commercial lines of credit and short-term debt structures.
  • Coordination with Risk Stewards: Partner with Legal, Compliance and Credit/Loan Policy to ensure negotiated workout agreements and recovery actions remain compliant with internal policy and applicable requirements
  • Perform other related duties as required

Ideal Candidate Profile:
  • Experience: 7+ years of commercial loan workout, asset recovery, or specialized SME lending experience, with a heavy emphasis on C&I and asset-based lending (ABL) or short-term commercial credit
  • Underwriting Knowledge: 5-7 years of commercial underwriting experience, specifically working with asset-backed structures, UCC-1 filings, blanket liens, and borrowing base monitoring. Strong credit and financial analysis skills; solid understanding of commercial credit structures and loan policy (formal credit training preferred)
  • SME Credit Expertise: Deep understanding of commercial cash flow dynamics, trade finance, factoring, and working capital cycles of businesses with revenues between $2M and $50M.
  • Niche Legal Knowledge: Strong grasp of the Uniform Commercial Code (UCC) Article 9 (Secured Transactions), commercial collection laws, guarantor liability, and corporate bankruptcy (Chapters 7 and 11) proceedings.
  • Forensic & Analytical Skills: Advanced proficiency in evaluating asset aging reports, verifying collateral validity, and identifying creative recovery avenues under adverse conditions. Proven ability to develop solutions in complex or adverse situations using sound judgment, critical thinking and problem-solving skills
  • Negotiation & Influence: Proven track record of high-stakes negotiations with distressed business owners, corporate attorneys, and competing creditors. Experienced working directly with clients, counsel and third-party service providers; skilled in negotiation and relationship management
  • Technical Tools: Advanced proficiency in Excel (for cash flow modeling and collateral liquidation scenarios) and presentation tools. Excellent written and verbal communication and presentation skills.
  • Self-directed & Accountable: Able to operate strategically and independently; able to influence and collaborate across teams and manage multiple priorities in a fast-paced environment

Education:
  • Bachelor's degree in Business, Finance, or related field
  • Formal Bank Credit Training program graduate highly preferred
  • Paralegal certification preferred
  • Certified Turnaround Professional (CTP) or relevant legal/paralegal certification is a strong plus
  • An equivalent combination of education and/or relevant professional experience may be considered in lieu of a degree

Location:
  • This is an in-office role based in Greenwich, CT. Candidates must be local to the Greenwich/Stamford area or within a reasonable commuting distance to the office

Salary Range: $130K-$150K
Libertas Funding, LLC participates in E-Verify. Libertas Funding, LLC will not sponsor applicants for work visas for this position. Applicants must be currently authorized to work in the United States on a full-time basis. Libertas Funding, LLC provides equal employment opportunities to all applicants for employment and prohibits discrimination and harassment of any type with regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by the federal, state, or local laws. All employment at Libertas Funding LLC is contingent upon satisfactory reference and background checks.

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