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Bank Repossession Jobs (NOW HIRING)

Dieterich Bank

Special Assets Officer

Effingham, IL · On-site

$75K - $100K/yr

The position serves as a primary execution and support role within the bank's special assets ... Coordinate with internal and external legal counsel on foreclosure, replevin, repossession ...

Dieterich Bank

Special Assets Officer

Saint Louis, MO · On-site

$75K - $100K/yr

The position serves as a primary execution and support role within the bank's special assets ... Coordinate with internal and external legal counsel on foreclosure, replevin, repossession ...

M&T Bank

Business Banking Workout Support I

Getzville, NY · On-site

$18.68 - $31.14/hr

... for legal and repossession referrals. * Assist with the preparation of the Small Business ... Promote an environment that supports belonging and reflects the M&T Bank brand. * Complete other ...

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Skip Tracing Specialist

Las Vegas, NV · On-site

$17 - $21.50/hr

Manage the repossession process for bank clients. Perform in depth people/vehicle location searches. Proactively monitor accounts and address a variety of issues Make phone contact with customers ...

M&T Bank

Business Banking Workout Support I

Getzville, NY · On-site

$18.68 - $31.14/hr

... for legal and repossession referrals. * Assist with the preparation of the Small Business ... Promote an environment that supports belonging and reflects the M&T Bank brand. * Complete other ...

MidAmerica National Bank

Recovery Specialist I

Henry, IL · On-site

$19.24 - $30/hr

MidAmerica National Bank, a locally owned community bank in central Illinois, has an excellent ... Supporting senior recovery staff with repossession, legal, and recovery processes as assigned

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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.

What jobs pay 2000 a day?

High-paying jobs related to bank repossession typically include roles such as senior repossession agents, asset recovery managers, or specialized legal professionals, which can sometimes earn around $2,000 per day depending on experience, location, and case complexity. These positions often require extensive industry knowledge, certifications, and a strong understanding of collateral and legal processes. Such earnings are usually associated with freelance, commission-based, or highly experienced roles in the field of asset recovery and repossession management.

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.

How to become a licensed repossession agent?

To become a licensed repossession agent, you typically need to complete a state-specific training program, pass a background check, and obtain a license or certification from the relevant state authority. Some states also require a surety bond or insurance and adherence to federal and state regulations governing repossession activities. Gaining experience in law enforcement or security can be beneficial, and knowledge of legal procedures and communication skills are important for success 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.

How do repossession companies get paid?

Repossession companies typically get paid through a fee charged to the lender or financial institution for each vehicle they recover. The fee can be a flat rate or a percentage of the vehicle's value, and payment is usually made after successful recovery and documentation of the vehicle. Some companies also charge additional fees for storage or administrative costs.

How do I get a job as a repo man?

To become a repo man, you typically need a high school diploma or equivalent, a valid driver's license, and a clean driving record. Some employers require specialized training or licensing, and knowledge of local laws and repossession procedures is important. Gaining experience in security, law enforcement, or automotive recovery can also be beneficial.
More about Bank Repossession jobs
What cities are hiring for Bank Repossession jobs? Cities with the most Bank Repossession job openings:
What are the most commonly searched types of Bank Repossession jobs? The most popular types of Bank Repossession jobs are:
What states have the most Bank Repossession jobs? States with the most job openings for Bank Repossession jobs include:
What job categories do people searching Bank Repossession jobs look for? The top searched job categories for Bank Repossession jobs are:
Bank Repossession jobs near you
Infographic showing various Bank Repossession job openings in the United States as of June 2026, with employment types broken down into 67% Full Time, and 33% Contract. Highlights an 100% In-person job distribution.
Special Assets Officer

Special Assets Officer

Dieterich Bank

Effingham, IL • On-site

$75K - $100K/yr

Full-time

Posted 12 days ago

Dieterich Bank rating

7.2

Company rating: 7.2 out of 10

Based on 5 frontline employees who took The Breakroom Quiz

96th of 141 rated banks

Job description

Objective
The Special Assets Officer is responsible for the day-to-day management, monitoring, and resolution of assigned criticized and classified loan relationships, under the direction of the Special Assets Manager. This role focuses on minimizing credit losses, maximizing recoveries, and returning credits to performing status where feasible, while ensuring full compliance with Dieterich Bank's loan policy, regulatory guidance, and internal procedures. The position serves as a primary execution and support role within the bank's special assets function and works closely with lending staff, credit administration, legal counsel, and borrowers.
Essential Duties:
  1. Problem Loan and Portfolio Management
    1. Manage an assigned portfolio of criticized and classified loans, including commercial, agricultural, and consumer credits, consistent with the bank's policy and regulatory standards.
    2. Assist in identifying emerging problem credits through delinquency trends, covenant violations, collateral deterioration, or borrower financial stress.
    3. Participate in the development, execution, and monitoring of workout strategies designed to improve collectability, reduce risk, and maximize recovery.
  2. Loan Workouts, Restructurings, and Collections
    1. Assist in structuring and administering loan workouts, including extensions, renewals, modifications, forbearance agreements, restructurings, and exit strategies.
    2. Analyze borrower financial information, cash flow, collateral position, guarantor support, and repayment capacity to support workout recommendations.
    3. Prepare or assist with loan modification memoranda, workout summaries, and internal approval documentation.
    4. Monitor borrower compliance with workout terms, triggers, and performance benchmarks.
  3. Legal, Bankruptcy, and Recovery Activities
    1. Coordinate with internal and external legal counsel on foreclosure, replevin, repossession, bankruptcy, judgment enforcement, and other collection actions, as directed by the Special Assets Manager.
    2. Monitor loans subject to bankruptcy proceedings, assist with proof of claim preparation, reaffirmation agreements, and compliance with court requirements.
    3. Support collateral liquidation efforts, including coordination of appraisals, evaluations, inspections, auctions, and asset sales.
  4. OREO Support
    1. Assist in the management of Other Real Estate Owned (OREO) properties, including tracking valuations, expenses, insurance, taxes, maintenance, and disposition efforts.
    2. Support OREO acquisition and disposition documentation, approval tracking, and reporting in accordance with the bank's policy.
  5. Reporting and Credit Administration
    1. Assist with preparation of problem loan reports, criticized loan summaries, delinquency reports, and other internal or regulatory reporting as assigned.
    2. Maintain accurate and timely credit file documentation to support examiner, auditor, and internal review requirements.
    3. Provide updates to the Special Assets Manager regarding portfolio status, risks, and recommended actions.
  6. Collaboration and Support
    1. Work collaboratively with loan officers to transition credits into special assets and support resolution efforts.
    2. Participate in internal problem loan meetings and assist with examiner and loan review requests.
  7. Compliance and Risk Management
    1. Ensure all collection, workout, and recovery activities comply with Dieterich Bank's loan policy, regulatory guidance, and applicable state and federal laws.
    2. Apply consistent, fair, and ethical collection practices.
    3. Maintain strict confidentiality of borrower and bank information.

Secondary Duties:
  1. Perform other related duties as assigned by the Special Assets Manager or senior management.

Knowledge, Skills, and Abilities:
  1. Must demonstrate Dieterich Bank's core values of Integrity, Value, Service Excellence, & Teamwork.
  2. Working knowledge of commercial, agricultural, and consumer lending products.
  3. Understanding of loan risk ratings, non-accrual accounting, impaired loans, and workout strategies.
  4. Familiarity with foreclosure, bankruptcy, repossession, and collection laws and processes.
  5. Strong analytical skills with the ability to evaluate financial statements, cash flow, and collateral.
  6. Effective written and verbal communication skills suitable for internal management, borrowers, attorneys, and regulators.
  7. Strong organizational skills and ability to manage multiple priorities.
  8. Sound judgment, professionalism, and discretion.
  9. Proficiency in Microsoft Office and bank loan systems.

Work Schedule:
This position requires 40 hours each week with some evening or weekend work necessary to complete job tasks. Travel may be required for borrower meetings, collateral inspections, court proceedings, and OREO oversight.
Work Location:
This position may be based out of one of the following locations:
  • Loan Production Office- South County, St Louis
  • Corporate Center- Effingham, IL

Education and Experience:
  1. Bachelor's degree in business, finance, accounting, or a related field preferred.
  2. 3-7 years of experience in commercial lending, credit analysis, loan administration, collections, or special assets.
  3. Prior experience with problem loan management, workouts, or collections preferred.
  4. Equivalent combination of education and experience may be considered.

Physical Demands:
The physical demands described here are representative of those that must be met by an employee, with or without reasonable accommodation, to successfully perform the essential functions of this job. While performing the duties of this job, the employee is frequently required to talk and hear. The employee is regularly required to sit, stand, and walk. It is often necessary for the use of hands and arms to reach, handle, or feel. Up to 10 pounds may be lifted.
Work Environment:
This job primarily operates in an office setting. This role routinely uses standard office equipment such as computers, phones, and photocopiers. Some travel and out-of-office work will be necessary.

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