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Debt Recovery Jobs in Minnesota (NOW HIRING)

Principal AI Platform Engineer

Minneapolis, MN · On-site

$117.50 - $206.70/hr

Experience reducing and eliminating technical debt. * Business continuity / disaster recovery practices. * Experience with Intune, cloud networking configuration and management, Kubernetes, Docker ...

COLLECTOR

Minneapolis, MN · On-site

$19/hr

The Collector position will recover outstanding debts on client accounts by creating a positive consumer experience while negotiating to satisfy the debt quickly and responsibly. Looking for ...

The Collector position will recover outstanding debts on client accounts by creating a positive consumer experience while negotiating to satisfy the debt quickly and responsibly. Looking for ...

COLLECTOR

Plymouth, MN · On-site

$19/hr

The Collector position will recover outstanding debts on client accounts by creating a positive consumer experience while negotiating to satisfy the debt quickly and responsibly. Looking for ...

COLLECTOR

Plymouth, MN · On-site

$19/hr

The Collector position will recover outstanding debts on client accounts by creating a positive consumer experience while negotiating to satisfy the debt quickly and responsibly. Looking for ...

... recover outstanding payments; heavy phone activity with customers; locating and contacting debtors regarding payment status; negotiating payoff deadlines or payment plans; handling questions or ...

... recover outstanding payments; heavy phone activity with customers; locating and contacting debtors regarding payment status; negotiating payoff deadlines or payment plans; handling questions or ...

... recover outstanding payments; heavy phone activity with customers; locating and contacting debtors regarding payment status; negotiating payoff deadlines or payment plans; handling questions or ...

... recover outstanding payments; heavy phone activity with customers; locating and contacting debtors regarding payment status; negotiating payoff deadlines or payment plans; handling questions or ...

No Contract Required * RN Loan Forgiveness Program* to aide in paying off your RN student loan debt ... We work alongside preop staff, anesthesia providers, surgeons and recovery staff to safely provide ...

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Debt Recovery information

What are some common challenges faced in a debt recovery role and how can they be managed?

Professionals in debt recovery often encounter challenges such as handling difficult conversations with clients, meeting collection targets, and navigating complex regulatory requirements. To manage these, it's important to develop strong communication and negotiation skills, stay informed about relevant laws, and maintain detailed records of all interactions. Many teams offer regular training and support, and collaboration with legal or compliance departments can help ensure best practices are followed while maintaining positive client relationships.

What is debt recovery?

Debt recovery is the process of pursuing payments from individuals or businesses who have failed to pay their outstanding bills or debts. This typically involves contacting the debtor, negotiating repayment terms, and, if necessary, taking legal action to recover the owed funds. Debt recovery can be performed by the original creditor or by a specialized debt collection agency. The goal is to recover as much of the outstanding debt as possible while complying with relevant laws and regulations.

What is the difference between Debt Recovery vs Debt Collection?

AspectDebt RecoveryDebt Collection
CredentialsTypically no specific certifications, but knowledge of finance and law helpsOften requires knowledge of collections laws and sometimes certifications
Work EnvironmentOffice-based, sometimes fieldwork for asset recoveryPrimarily office-based, with phone and email communication
Employer & IndustryFinancial institutions, law firms, specialized recovery agenciesBanks, credit card companies, collection agencies

Debt Recovery involves legally pursuing unpaid debts, often through legal channels or asset recovery, while Debt Collection focuses on contacting debtors to secure payments through calls and negotiations. Both roles require understanding of financial laws, but Debt Recovery typically involves more legal procedures. The choice depends on whether the focus is on legal enforcement or direct debtor contact.

What are the key skills and qualifications needed to thrive as a debt recovery specialist, and why are they important?

To thrive as a Debt Recovery Specialist, you need a solid understanding of financial regulations, negotiation techniques, and debt collection laws, usually supported by a background in finance, business, or related certifications. Familiarity with debt management systems, CRM software, and legal compliance platforms is typically required. Strong communication, resilience, and problem-solving skills help you effectively interact with clients and overcome objections. These abilities are crucial for maximizing debt recovery rates while maintaining ethical standards and positive customer relations.
What are popular job titles related to Debt Recovery jobs in Minnesota? For Debt Recovery jobs in Minnesota, the most frequently searched job titles are:
What job categories do people searching Debt Recovery jobs in Minnesota look for? The top searched job categories for Debt Recovery jobs in Minnesota are:
Infographic showing various Debt Recovery job openings in Minnesota as of August 2026, with employment types broken down into 86% Full Time, and 14% Contract. Highlights an 100% In-person job distribution.

Financial Institution Associate Claim Counsel

The Whiteside Agency

Saint Paul, MN

$89K - $148K/yr

Full-time

Medical, Life, Retirement, PTO

Posted 11 days ago


Job description

Who Are We?

Taking care of our customers, our communities and each other. That's the Travelers Promise. By honoring this commitment, we have maintained our reputation as one of the best property casualty insurers in the industry for over 170 years. Join us to discover a culture that is rooted in innovation and thrives on collaboration. Imagine loving what you do and where you do it.

Job Category
Claim, LegalCompensation Overview

The annual base salary range provided for this position is a nationwide market range and represents a broad range of salaries for this role across the country. The actual salary for this position will be determined by a number of factors, including the scope, complexity and location of the role; the skills, education, training, credentials and experience of the candidate; and other conditions of employment. As part of our comprehensive compensation and benefits program, employees are also eligible for performance-based cash incentive awards.

Salary Range$89,800.00 - $148,300.00
Target Openings
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What Is the Opportunity?
Bond & Specialty Insurance (BSI) provides management and professional liability, cyber, crime insurance, and surety bonds to or on behalf of businesses of all sizes. The BSI Claim Counsel team conducts thorough investigation, analysis, evaluation, and disposition of claims and claim litigation to achieve superior customer service and to optimize claim results. Travelers' Financial Institutions Team provides management liability coverage for diversified classes of financial institutions. As a valued member of our team, in addition to claim, you also will provide legal advice to our underwriting colleagues and non-attorney claim colleagues, and participate in BSI claim strategic initiatives.What Will You Do?
  • Follow operational policies to analyze, investigate, and resolve Financial Institution liability claims involving bank, asset management and insurance company accounts of varying levels of severity with active supervision from claims management.
  • Prepare and present reports for management that accurately reflect loss development, potential/actual financial exposure, reserve adjustments, coverage issues, and claim and recovery strategies.
  • Retain, monitor, and manage outside counsel actively utilizing litigation management plans and budgets.
  • Communicate with underwriting on significant claim exposures.
  • Travel to and attend mediations, settlement conferences, claim conferences, field office visits, trials and depositions.
  • Develop the ability to identify all recovery opportunities and coordinate recovery efforts with the Recovery Management Unit and Claim management.
  • Refine policy interpretation/coverage analysis skills including drafting coverage opinions with case law included.
  • Develop/strengthen the ability to negotiate settlements/resolutions, review releases and settlement agreements, including confidentiality and non-disclosure provisions.
  • Support underwriting marketing efforts, including participation in broker and account visits and risk mitigation seminars and authoring customer-focused white papers and articles.
  • Monitor marketplace conditions, conduct research, and draft reference materials to inform claim and underwriting colleagues on law impacting Travelers' underwriting and claim decisions.
  • Obtain and maintain required adjusters' licenses.
  • Perform other duties as assigned.
What Will Our Ideal Candidate Have?
  • One to five years of relevant legal or claim handling work experience.
  • Ability to effectively work through conflict and resolve issues with a professional demeanor.
  • Ability to make sound decisions and negotiate terms and conditions within designated authority limit.
  • Strong verbal and written communication skills with the ability to clearly articulate coverage determinations.
  • Time management skills with the ability to manage multiple priorities with an attention to detail, data and analytics.
  • Ability to build and maintain effective and collaborative relationships with colleagues, customers, and business partners.
What is a Must Have?
  • Bachelor's Degree.
  • Juris Doctorate Degree.
  • Properly licensed, registered or authorized, and in good standing, to practice law in the jurisdiction in which you will be working.
What Is in It for You?
  • Health Insurance:Employees and their eligible family members - including spouses, domestic partners, and children - are eligible for coverage from the first day of employment.
  • Retirement:Travelers matches your 401(k) contributions dollar-for-dollar up to your first 5% of eligible pay, subject to an annual maximum. If you have student loan debt, you can enroll in the Paying it Forward Savings Program. When you make a payment toward your student loan, Travelers will make an annual contribution into your 401(k) account. You are also eligible for a Pension Plan that is 100% funded by Travelers.
  • Paid Time Off:Start your career at Travelers with a minimum of 20 days Paid Time Off annually, plus nine paid company Holidays.
  • Wellness Program:The Travelers wellness program is comprised of tools, discounts and resources that empower you to achieve your wellness goals and caregiving needs. In addition, our mental health program provides access to free professional counseling services, health coaching and other resources to support your daily life needs.
  • Volunteer Encouragement:We have a deep commitment to the communities we serve and encourage our employees to get involved. Travelers has a Matching Gift and Volunteer Rewards program that enables you to give back to the charity of your choice.
Employment Practices

Travelers is an equal opportunity employer. We value the unique abilities and talents each individual brings to our organization and recognize that we benefit in numerous ways from our differences.

In accordance with local law, candidates seeking employment in Colorado are not required to disclose dates of attendance at or graduation from educational institutions.

If you are a candidate and have specific questions regarding the physical requirements of this role, please send us an email so we may assist you.

Travelers reserves the right to fill this position at a level above or below the level included in this posting.

To learn more about our comprehensive benefit programs please visit http://careers.travelers.com/life-at-travelers/benefits/.