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Collateral Recovery Jobs in Edison, NJ (NOW HIRING)

Parker

Collections Specialist

New York, NY · On-site

$90K - $100K/yr

Collaborate with legal on enforcement, litigation, and collateral recovery * Continuously refine workflows, systems, and policies to improve efficiency and customer experience Metrics You'll Own:

NADAP

MWRAP Recovery Specialist

Manhattan, NY · On-site

$50K/yr

The Recovery Specialist delivers person-centered, hands-on recovery support to pregnant and ... collateral contacts. * Utilize a trauma-informed approach to promote clients' right to self ...

Valley Bank

Loan Workout Officer

Fairfield, NJ · On-site

... recovery for the bank. * Maintain strict oversight of financial performance, covenant compliance, collateral integrity, and borrower-operating trends. * Identify emerging risks early and take ...

Flagstar Bank

Special Assets Analyst - CRE

New York, NY · On-site

$67K - $106K/yr

... for recovery * Develop, maintain, and update financial models and analyses to evaluate ... Reviews internal loan bookings and collateral positions. * Maintains team files and records.

Flagstar Bank

Special Assets Analyst - CRE

New York, NY · On-site

$67K - $106K/yr

... for recovery * Develop, maintain, and update financial models and analyses to evaluate ... Reviews internal loan bookings and collateral positions. * Maintains team files and records.

Carlyle

2-Year Associate, ABF Asset Management

New York, NY · On-site

$110K - $150K/yr

Analyze asset and facility performance trends (delinquencies, prepayments, recoveries, collateral migration). * Support valuation processes and ongoing portfolio surveillance. Portfolio Construction ...

Carlyle

2-Year Analyst, ABF Asset Management

New York, NY · On-site

$90K - $110K/yr

Analyze asset and facility performance trends (delinquencies, prepayments, recoveries, collateral migration). * Support valuation processes and ongoing portfolio surveillance. Portfolio Construction ...

MUFG Securities Americas Inc.

CLO Structurer

New York, NY · Hybrid

$190K - $235K/yr

Modeling and developing liability waterfall priority of payments, projecting collateral portfolio and CLO liability cash flows under default, recovery, interest rate stress and reinvestment scenarios ...

Flagstar Bank

Special Assets Officer, VP

Manhattan, NY

$102K - $158K/yr

Compiles information for loan approval memos including financial analysis, relationship summaries and collateral overview. * Verifies that recovery funds are posted to correct general ledger accounts ...

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All JobsCollateral Recovery JobsCollateral Recovery Jobs in Edison, NJ

Collateral Recovery information

See Edison, NJ salary details

$19

$29

$49

How much do collateral recovery jobs pay per hour?

As of Jun 9, 2026, the average hourly pay for collateral recovery in Edison, NJ is $29.71, according to ZipRecruiter salary data. Most workers in this role earn between $19.90 and $39.81 per hour, depending on experience, location, and employer.

What are some typical challenges faced by professionals in Collateral Recovery, and how can they effectively address these situations?

Professionals in Collateral Recovery often encounter challenges such as dealing with evasive debtors, working in unpredictable environments, and managing stressful interactions. To address these situations, it's important to maintain strong communication skills, adhere strictly to legal and ethical guidelines, and remain calm under pressure. Building rapport with debtors and collaborating closely with team members and legal counsel can help ensure safe and successful recoveries. Continuous training and staying updated on industry regulations also contribute to effective problem-solving in the field.

What is the difference between Collateral Recovery vs Repo Agent?

AspectCollateral RecoveryRepo Agent
CredentialsTypically requires repossession training, sometimes licensingRequires repossession training, licensing varies by state
Work EnvironmentFieldwork involving vehicle or asset retrievalFieldwork involving vehicle or asset retrieval
Industry UsageUsed in finance, lending, and collateral managementCommonly used in auto finance and leasing
Search & Comparison IntentOften compared for repossession roles in financeOften compared with collateral recovery roles

Collateral Recovery and Repo Agent roles both involve retrieving assets like vehicles or equipment. While they share similar credentials and work environments, collateral recovery often encompasses broader asset types and may involve more complex recovery processes. Both roles are vital in finance and lending industries, with overlapping skills and responsibilities.

What is collateral recovery?

Collateral recovery is the process of reclaiming property or assets that have been used as collateral for a loan when the borrower defaults on their payments. This often involves repossessing items like vehicles, boats, or equipment to satisfy the terms of a loan agreement. Collateral recovery agents work on behalf of lenders or financial institutions to locate, secure, and return these assets in accordance with state and federal laws. Their work helps protect lenders from losses due to unpaid loans. The process must be handled professionally and legally to avoid liability or conflicts.

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

To thrive as a Collateral Recovery Agent, you need a thorough understanding of repossession laws, investigative skills, and often a high school diploma or equivalent. Familiarity with skip tracing software, GPS tracking systems, and sometimes state-issued recovery agent licenses are typically required. Strong interpersonal skills, discretion, and conflict resolution abilities help agents handle tense situations professionally. These skills are crucial for ensuring the safe, legal, and efficient recovery of collateral while minimizing risk and maintaining compliance.
What job categories do people searching Collateral Recovery jobs in Edison, NJ look for? The top searched job categories for Collateral Recovery jobs in Edison, NJ are:
Collateral Recovery jobs near you
Collections Specialist

Collections Specialist

Parker

New York, NY • On-site

$90K - $100K/yr

Full-time

Posted 20 days ago

Parker Hannifin rating

8.3

Company rating: 8.3 out of 10

Based on 344 frontline employees who took The Breakroom Quiz

64th of 516 rated manufacturers

Job description

About the Role:
Parker's mission is simple but ambitious: to increase the number of financially independent people. We believe the best way to achieve this is by giving independent business owners the financial tools they need to scale profitably.
Our core product combines a virtual corporate card with dynamic spending limits and profitability-focused software tooling-empowering eCommerce merchants to grow faster while staying in control of their margins.
We've raised over $180M in equity and debt from world-class investors, including Valar Ventures, Y Combinator, SVB, and notable founders such as Solomon Hykes (Docker), Paul Buchheit (Gmail), Paul Graham (Y Combinator), and Robert Leshner (Compound). We're a Series B fintech scaling rapidly, with strong product-market fit and accelerating demand.
We're looking for a Collections Specialist to own and scale Parker's commercial collections function. You'll lead the strategy and execution to minimize delinquency, maximize recoveries, and preserve positive customer relationships. This role blends portfolio analytics, hands-on negotiations, and cross-functional collaboration with our Risk, Legal, and Customer teams.
What You'll Do:
  • Own the collections strategy for Parker's lending portfolio (corporate cards, working capital lines, term loans)
  • Monitor delinquency metrics daily, identify high-risk accounts, and drive targeted outreach
  • Negotiate repayment plans, settlements, and restructures aligned with our risk appetite
  • Partner with Risk, Underwriting, and Customer Success to identify and address early warning signs
  • Ensure compliance with commercial debt collection laws, UCC lien processes, and contractual obligations
  • Collaborate with legal on enforcement, litigation, and collateral recovery
  • Continuously refine workflows, systems, and policies to improve efficiency and customer experience
Metrics You'll Own:
  • Delinquency Rates - Keep 30-, 60-, and 90-day buckets within thresholds
  • Roll Rate - Limit accounts progressing into later-stage delinquency
  • Recovery Rate - Maximize recoveries on charged-off accounts
  • Time-to-Resolution - Shorten average days to resolve delinquent cases
About You:
  • 5+ years in commercial collections, credit risk, or portfolio management (fintech, SMB lending, factoring, or equipment finance preferred)
  • Proven track record of meeting/exceeding recovery targets in a B2B lending environment
  • Strong understanding of secured/unsecured lending, UCC filings, lien enforcement, and business credit agreements
  • Skilled negotiator who balances firmness with professionalism
  • Comfortable operating in a high-growth, fast-changing environment
  • Excellent communication skills with the ability to work cross-functionally
Why Parker:
  • Competitive compensation and equity package
  • Fully remote with flexible work arrangements
  • Opportunity to shape credit & collections strategy at a high-growth fintech
  • A culture built on ownership, transparency, and building together

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