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Collection Recovery Manager Jobs in Indiana (NOW HIRING)

Hickory Recovery

Medication Technician

Corydon, IN · On-site

$19 - $24/hr

Why Hickory Recovery? Hickory Recovery is setting the benchmark in mental health care, especially ... managing co-occurring mental health and substance use disorders. Our focus is on: * Delivering ...

Hickory Recovery

Med Tech

Albion, IN · On-site

$19 - $24/hr

Why Hickory Recovery? Hickory Recovery is setting the benchmark in mental health care, especially ... managing co-occurring mental health and substance use disorders. Our focus is on: * Delivering ...

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Collection Recovery Manager information

What is a collection recovery manager?

Collection Recovery Managers are professionals responsible for overseeing the recovery of overdue payments and delinquent accounts for an organization. They manage teams that contact borrowers, negotiate payment plans, and ensure compliance with laws and company policies. Their goal is to minimize financial losses by maximizing the recovery of outstanding debts while maintaining positive customer relationships.

What are the key skills and qualifications needed to thrive as a collection recovery manager?

To thrive as a Collection Recovery Manager, you need a solid understanding of credit risk management, debt recovery processes, and relevant financial regulations, often supported by a bachelor’s degree in finance or business. Familiarity with collection management software, CRM systems, and data analysis tools is typically required. Strong negotiation, problem-solving, and leadership skills help in managing teams and handling difficult conversations with debtors. These competencies ensure effective recovery of outstanding debts while maintaining compliance and positive client relationships.

What are some common challenges faced by a collection recovery manager, and how are they typically addressed?

Collection Recovery Managers often encounter challenges such as negotiating with reluctant debtors, managing high volumes of delinquent accounts, and ensuring compliance with regulatory requirements. These challenges are typically addressed by employing strong communication and negotiation skills, leveraging data analytics to prioritize accounts, and implementing effective recovery strategies. Collaboration with legal teams, ongoing training, and the use of specialized recovery software also play crucial roles in overcoming these obstacles and achieving collection targets.

What is the difference between Collection Recovery Manager vs Collections Supervisor?

AspectCollection Recovery ManagerCollections Supervisor
CredentialsTypically requires a bachelor’s degree and experience in collections or financeOften requires similar experience, sometimes with industry-specific certifications
Work EnvironmentManages teams, develops strategies, and oversees recovery processesSupervises collection agents and daily operations
Industry UsageCommonly used in financial services, banking, and debt collection firmsUsed in similar settings, focusing on team management

The Collection Recovery Manager focuses on strategic oversight and managing recovery processes, while the Collections Supervisor handles daily team supervision. Both roles require relevant experience and industry knowledge, but the Recovery Manager has a broader managerial scope.

What cities in Indiana are hiring for Collection Recovery Manager jobs?

Cities in Indiana with the most Collection Recovery Manager job openings:

Infographic showing various Collection Recovery Manager job openings in Indiana as of August 2026, with employment types broken down into 85% Full Time, 13% Part Time, and 2% Contract. Highlights an 84% Physical, 3% Hybrid, and 13% Remote job distribution.

Commercial Asset Recovery Manager

Charlestown, IN • On-site

New Washington State Bank
51 - 200 employees
Learn more about New Washington State Bankexternal

$100 - $125/hr

Other

Medical, Dental, Vision, Retirement

Posted 27 days ago

Job description

Benefits:
  • Health insurance
  • Vision insurance
  • 401(k)
  • 401(k) matching
  • Competitive salary
  • Dental insurance
Commercial Asset Recovery Manager

NWSB is adding a Commercial Asset Recovery Manager to our team! This is an on-site position to be located at our Charlestown or Sellersburg branch.

You will manager high-risk, non-performing loans to minimize financial losses. This role evaluates distressed accounts, negotiates loan restructures, and coordinates workouts with borrowers. When rehabilitation fails, the specialist oversees legal recoveries, foreclosures, and asset liquidations. The position requires strong credit analysis, sharp negotiation skills, and a deep understanding of banking regulations.

Loan Restructuring:
  • Review borrower financial metrics to assess repayment capacity.
  • Create new performance milestones the borrower must meet.
  • Draft formal loan modifications.
Risk Evaluation:
  • Analyze updated market valuations for real estate and equipment.
  • Review commercial financial statement and follow up on risk accounts.
Legal and Recovery Work:
  • Collaborate closely with legal counsel to establish clear, compliant resolution paths that protect assets.
  • Coordinate the execution of legal remedies, settlement structures, and asset recovery plans to maximize financial returns.
Loss Prevention:
  • Develop and execute comprehensive loss-mitigation plans early in the delinquency cycle to mini-mize financial exposure.
  • Present regular loss-exposure updates to leadership.
Education or Equivalent:
  • Bachelor’s degree in finance, business, or accounting
  • 5+ years in commercial lending, credit analysis, and debt recovery
Knowledge/Skills Requirements:
  • Strong grasp of banking laws, bankruptcy codes, and collection regulations.
  • High-level negotiation and problem-solving abilities.
  • Strong organizational skills with the ability to prioritize and manage multiple tasks.
  • High level of accuracy and attention to detail.
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