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Collateral Recovery Jobs in Edison, NJ (NOW HIRING)

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 ...

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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 Sep 2, 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 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 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 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
Infographic showing various Collateral Recovery job openings in Edison, NJ as of August 2026, with employment types broken down into 2% As Needed, 76% Full Time, 18% Part Time, and 4% Contract. Highlights an 95% Physical, 2% Hybrid, and 3% Remote job distribution, with an average salary of $61,797 per year, or $29.7 per hour.

AVP, Loan Workout Analyst - Commercial Real Estate

Flagstar Bank

New York, NY • On-site

$67K - $106K/yr

Full-time

Medical, Dental, Vision, Life

Re-posted 5 days ago

Flagstar Bank rating

8.1

Company rating: 8.1 out of 10

Based on 52 frontline employees who took The Breakroom Quiz

65th of 174 rated banks

Job description

Position Title
AVP, Loan Workout Analyst - Commercial Real Estate
Location
New York, NY 10018
Job Summary
The Special Assets Analyst supports the Special Assets team with day-to-day management of distressed commercial real estate/multifamily loans, and assists with reporting and litigation matters. Collaborates/works with Special Assets Team Leads and Officers while supporting efforts to preserve principal and prevent charge-offs. Maintains compliance with policy, procedure and lending regulations.
Job Responsibilities:
JOB RESPONSIBILITIES
  • Conducts market research and analysis to assist Special Assets Officers and Special Assets Team Leads in the remediation of classified commercial real estate/multifamily loans, and/or C&I Loans.
  • Re-underwrite actionable credits with emphasis on borrower liquidity and cash flow sustainability, primary drivers of underperformance, corrective actions, and prospects for recovery
  • Develop, maintain, and update financial models and analyses to evaluate restructuring, loan modification, or other recovery alternatives.
  • Supports Special Assets Officers and Special Assets Team Leads in the development, execution, and monitoring of workout strategies.
  • Acts as a liaison when needed for internal/external stakeholders.
  • Prepare timely detailed credit approval memos, including financial analysis, relationship overview, cash flow analysis, collateral assessments, and risk evaluations.
  • Reviews internal loan bookings and collateral positions.
  • Maintains team files and records.
  • Interact with borrowers, advisors, and internal bank/outside counsel.

ADDITIONAL ACCOUNTABILITIES
  • Performs special projects, and additional duties and responsibilities as required.

  • Consistently adheres to regulatory and compliance policies and standards linked to the job as listed and complete required compliance trainings. Accountable to maintain compliance with applicable federal, state and local laws and regulations.

JOB REQUIREMENTS
Required Qualifications:
  • Education level required: Undergraduate Degree (4 years or equivalent) Business Administration, Finance, or related field.

  • Minimum experience required: 4+ Years within the Loan Workout/Special Assets field, preferably at an OCC regulated institution.

Preferred Qualifications:
  • Familiarity with various loan databases

Job Competencies:
  • Excellent knowledge of and ability to interpret loan documentation.
  • Computer literate with proficiency in Word and Excel.
  • Excellent verbal and written communication skills.
  • Excellent organizational skills with ability to multitask.
  • Detail oriented and ability to prioritize workload in a fast paced environment.
  • Ability to work independently while also collaborating effectively in a team environment.
  • Strong financial analysis skills.

  • Demonstrates a strong ability to build and maintain effective relationships with stakeholders by communicating clearly, engaging in proactive collaboration, and leveraging cross functional insights. Aligns relationship building efforts with enterprise goals to accelerate performance and drive strategic results.

  • Builds trusted client relationships, whether internal or external, by identifying needs and delivering tailored solutions to enhance the overall client experience.
  • Fosters or supports a positive work culture and productive work environment, displaying importance of effective relationships with customers and stakeholders.

  • Physical demands (ADA): No unusual physical exertion is involved.

Flagstar is an Equal Opportunity Employer
We are committed to providing clear and accurate compensation information in accordance with applicable laws. Actual starting base pay will be determined based on location, experience, and other non-discriminatory factors permitted by law. Total compensation may also include variable incentives, bonuses, commissions, or other awards as outlined in the offer of employment. Flagstar provides teammates access to a variety of benefits including medical, dental, vision, life, and disability insurance, as well as a comprehensive leave program. Please click the following link for detailed information: Benefits | Flagstar Bank
Pay Range
$67,758.75 - $106,505.00

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