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Bank Repossession Jobs in Virginia (NOW HIRING)

C&F Bank

Special Assets Specialist

Toano, VA · On-site

Assists with or leads foreclosure, repossession, and recovery processes in accordance with Bank policy and regulatory requirements. * Supports or administers bankruptcy cases, including documentation ...

C&F Bank

Special Assets Specialist

Toano, VA · On-site

Assists with or leads foreclosure, repossession, and recovery processes in accordance with Bank policy and regulatory requirements. * Supports or administers bankruptcy cases, including documentation ...

C&F Bank

Special Assets Specialist

Toano, VA · On-site

Assists with or leads foreclosure, repossession, and recovery processes in accordance with Bank policy and regulatory requirements. * Supports or administers bankruptcy cases, including documentation ...

NC SECU

$15.75 - $21.50/hr

... Repossession, or Charge-Off recommendation, ensuring all necessary pre-cursors and documentation ... Banking/Credit Union or Collections related Industry certifications are a plus. * Bachelor's degree ...

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Bank Repossession information

What is the difference between Bank Repossession vs Auto Appraiser?

AspectBank RepossessionAuto Appraiser
Required CredentialsRepossessors often need a license or certification, knowledge of legal proceduresAppraisers typically require certifications like ASA or state licensing, knowledge of vehicle valuation
Work EnvironmentFieldwork, often on-site at repossession locations or vehiclesOffice-based, inspecting vehicles and preparing appraisal reports
Industry UsageUsed by banks, lenders, and repossession agenciesUsed by insurance companies, dealerships, and auction houses

While both roles involve vehicles, Bank Repossession focuses on recovering collateral for lenders, often requiring legal and fieldwork skills. Auto Appraisers evaluate vehicle value for insurance or sale purposes, mainly working in office settings. Both roles are essential in the automotive and financial industries but serve different functions.

How do I get into a repo job?

To get into a bank repossession job, candidates typically need a high school diploma or equivalent, along with knowledge of vehicle or asset recovery processes. Relevant skills include attention to detail, communication, and sometimes a valid driver’s license; some positions may require prior security or law enforcement experience. Entry often involves applying through financial institutions, repossession agencies, or specialized training programs, and may require background checks and licensing depending on the jurisdiction.

How do I become a repossession agent?

To become a repossession agent, you typically need a high school diploma or equivalent, a valid driver's license, and a clean driving record. Many states require licensing or registration, and agents often receive on-the-job training or certification in repossession procedures and legal requirements.

What are some common challenges faced by professionals working in bank repossession, and how can they be managed?

Professionals in bank repossession often encounter challenges such as dealing with emotionally charged situations, navigating complex legal requirements, and ensuring safety during the recovery process. Managing these challenges requires strong communication skills, up-to-date knowledge of relevant laws and regulations, and adherence to strict ethical guidelines. Many teams rely on thorough training, clear protocols, and collaboration with legal and security experts to ensure repossessions are handled effectively and respectfully.

What are bank repossession jobs?

Bank repossession jobs involve recovering property, such as cars, homes, or equipment, that borrowers have failed to pay for according to loan agreements. Professionals in this field, often called repossession agents or recovery agents, locate and reclaim assets on behalf of banks or financial institutions. Their work requires knowledge of state and federal laws, negotiation skills, and sometimes coordination with law enforcement. These jobs can be physically demanding and may involve dealing with stressful or confrontational situations. Many repossession agents work for specialized recovery companies contracted by banks.

Do repossession agents make good money?

Repossessions agents, including those working in bank repossession, typically earn a combination of base pay and commissions, with salaries varying based on experience, location, and the complexity of cases. On average, they can make between $30,000 and $60,000 annually, with some experienced agents earning more through performance-based incentives. Skills in negotiation, driving, and understanding legal procedures are important in this role.

What are the key skills and qualifications needed to thrive as a Bank Repossession Agent, and why are they important?

To thrive as a Bank Repossession Agent, you generally need knowledge of repossession laws, negotiation skills, and a clean driving record, often supported by a high school diploma or equivalent. Familiarity with skip tracing tools, asset tracking software, and repossession management systems is typically required. Strong communication, conflict resolution, and discretion are essential soft skills for dealing with debtors and sensitive situations. These skills ensure lawful, safe, and effective recovery of assets while maintaining professionalism and compliance with regulations.

Does repo work pay well?

Bank repossession jobs typically offer moderate pay that can vary based on experience, location, and the employer. These roles often involve physical work and require knowledge of vehicle identification and legal procedures, with compensation sometimes including commissions or bonuses for successful recoveries.
What are popular job titles related to Bank Repossession jobs in Virginia? For Bank Repossession jobs in Virginia, the most frequently searched job titles are:
What job categories do people searching Bank Repossession jobs in Virginia look for? The top searched job categories for Bank Repossession jobs in Virginia are:
Bank Repossession jobs near you
Infographic showing various Bank Repossession job openings in Virginia as of July 2026, with employment types broken down into 100% Full Time. Highlights an 100% In-person job distribution.
Collections Department Lead

Collections Department Lead

Beacon Credit Union

Lynchburg, VA

$18 - $24.25/hr

Full-time

Re-posted 19 days ago

Job description

Role

The primary purpose of this position is to assist Beacon Credit Union to live out our mission, "Dedicated to Our Member's Financial Success."

The Collections Lead is responsible for overseeing advanced collection activities, guiding team members, and managing complex accounts involving bankruptcy, loan restructuring, and collateral recovery. This role requires strong analytical skills, sound judgment, and the ability to navigate sensitive financial situations while maintaining compliance with internal policies and regulatory standards.

Major Duties and Responsibilities

Serve as the primary point of contact to the Assistant Vice President of Credit Solutions for recommendation of complex or escalated accounts, including bankruptcies, restructures, charge offs, and repossessions.

Review, analyze, and manage accounts in active bankruptcy (Ch. 7, 11, 13), ensuring accurate documentation, timely filings, and compliance with all legal requirements.

Evaluate member financial situations to recommend and structure appropriate workout solutions, extensions, or repayment plans.

Oversee repossession processes from assignment through liquidation, ensuring adherence to UCC guidelines and maximizing recovery value.

Provide guidance and support to collection staff on procedures, best practices, and regulatory compliance.

Monitor delinquency trends and assist in developing strategies to reduce past due accounts and mitigate loss exposure.

Prepare and present reports on high-risk accounts, bankruptcy activity, and recovery outcomes to the Assistant Vice President of Credit Solutions.

Maintain strong working relationships with attorneys, trustees, vendors, and internal departments to support efficient resolution of accounts.

Ensure all collection activities are conducted professionally, ethically, and in alignment with organizational standards.


Experience, Education and Preferred Skills
Experience:

-  2-4 years of experience in collections, loan servicing, bankruptcy processing, repossession coordination, or related financial services roles.

 - Demonstrated knowledge of bankruptcy chapters, timelines, and creditor rights.

-  Experience with loan restructuring, extensions, and workout solutions.

- Familiarity with repossession procedures, collateral valuation, and UCC requirements.

- Strong communication, negotiation, and problem-solving skills.

- Ability to interpret financial statements, payment histories, and legal documents.

-  High attention to detail with strong organizational and documentation skills.

- Ability to work independently while supporting team goals

-  Previous collection experience required.


Education/Certifications/Licenses:

- Associate degree in related Banking, Business or Accounting field or Certification in Collections or Financial Counseling course.

Preferred Skills:

Prior experience in a credit union, bank, or lending institution.

Working knowledge of collection systems and bankruptcy tracking tools.

Leadership experience or the ability to mentor and support junior

A significant level of trust and diplomacy is required to be an effective subject matter expert in the position. In-depth dialogues, conversations and explanations with customers, direct and indirect reports and outside vendors of a sensitive and/or highly confidential nature is a normal part of the day-to-day experience. Communications can involve motivating, influencing, educating and/or advising others on matters of significance.

Beacon Credit Union is an EEO employer - M/F/Vets/Disabled
Employment Type: FULL_TIME

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