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Collateral Recovery Jobs in Edison, NJ (NOW HIRING)

Flagstar Bank

Special Assets Officer

New York, NY · On-site

$102K - $158K/yr

... collateral assessments, and risk evaluations. * Identify emerging credit risks and trends early ... recovery. * Lead and manage negotiations with borrowers, guarantors, and third parties to protect ...

Flagstar Bank

Special Assets Officer

New York, NY

$102K - $158K/yr

... collateral assessments, and risk evaluations. * Identify emerging credit risks and trends early ... recovery. * Lead and manage negotiations with borrowers, guarantors, and third parties to protect ...

Odyssey House INC

Nurse, RN

Manhattan, NY · On-site

George Rosenfeld Center for Recovery - 13 Hell Gate Circle New York, NY 10035 & Odyssey House ... Assure that delivery of service by collateral healthcare providers is documented in the clinical ...

Societe Generale

Workout Officer

New York, NY · On-site

Maximize recoveries and minimize losses on problem assets in accordance with bank policy. The ... collateral, enterprise valuations and monitoring of secondary distressed debt markets. * Work in ...

Pride Health

Peer Specialist

Brooklyn, NY

$960/wk

WRAP (Wellness Recovery Action Plan) * Peer support groups * Harm reduction education * Social and ... referrals, and collateral contacts in accordance with program requirements. * Perform general ...

Pride Health

Peer Specialist

Brooklyn, NY · On-site

$960/wk

WRAP (Wellness Recovery Action Plan) * Peer support groups * Harm reduction education * Social and ... referrals, and collateral contacts in accordance with program requirements. * Perform general ...

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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.

Special Assets Officer

Flagstar Bank

New York, NY • On-site

$102K - $158K/yr

Full-time

Medical, Dental, Vision, Life

Re-posted 4 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
Special Assets Officer
Location
New York, NY 10018
Job Summary
The Special Assets Officer manages a portfolio of distressed commercial real estate/multifamily loans and assists with reporting and litigation matters. Collaborates/works with Special Assets Team Leads and Analysts while supporting efforts to preserve principal and prevent charge-offs. Maintains compliance with policy, procedure and lending regulations.
Job Responsibilities:
JOB RESPONSIBILITIES
  • Manages a portfolio of classified commercial real estate/multi-family loans end-to-end
  • Prepare and compile credit approval memos, including detailed financial analysis, relationship overviews, collateral assessments, and risk evaluations.
  • Identify emerging credit risks and trends early, timely report changes in risk to management, and implement corrective actions to minimize defaults, non-accrual loan status, and migration of impairments.
  • Develop, recommend and execute workout strategies and make necessary judgements to protect the bank's interest and achieve maximum recovery.
  • Lead and manage negotiations with borrowers, guarantors, and third parties to protect the bank's risk position and achieve maximum recovery.
  • Establish clear borrower performance expectations and actively monitor and enforce loan covenants, reporting requirements, and agreed-upon action plans.
  • Prepare formal credit memoranda, risk assessments, and recommendations for review and approval by senior credit authorities in accordance with delegated lending authorities and Special Assets Group Standards.
  • Review documentation for amendments, restructure proposals and litigation
  • Interact with Sr. Management and loan officers to compile financial forecasts, including credit deterioration and project losses and recoveries.
  • Perform quarterly reserve analysis, charge-off calculations, and credit cost forecasting.

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.

Required Qualifications:
  • Education level required: Undergraduate Degree (4 years or equivalent) Business Administration, Finance, or related field
  • Minimum experience required: 5+ Years within the Workout/Special Assets field, preferably at an OCC regulated institution
  • Familiarity with various loan databases

Preferred Qualifications:
  • 7+ years of relevant work experience preferred.

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
$102,717.00 - $158,469.00

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