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Financial Recovery Manager Jobs in Virginia (NOW HIRING)

PEAC Solutions

Litigation & Recovery Manager

Herndon, VA · On-site

$120K - $140K/yr

Litigation & Recovery Manager Herndon, VA, US Salary Range: $120,000.00 To $140,000.00 Annually We ... As the world's largest independent equipment finance company, we are expanding our global footprint ...

New

Westrock

Mgr II, Mfg Ops

West Point, VA · On-site

$121K - $203K/yr

The Power & Recovery Superintendent leads process operations of the Department. This position is ... Financial Budget/Results - Develop stretch operating budgets and deliver financial results

Smurfit Westrock

Mgr II, Mfg Ops

West Point, VA · On-site

$121K - $203K/yr

The Power & Recovery Superintendent leads process operations of the Department. This position is ... Financial Budget/Results - Develop stretch operating budgets and deliver financial results

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Financial Recovery Manager information

What does a financial recovery manager do?

A Financial Recovery Manager is responsible for overseeing and coordinating efforts to recover funds for an organization, often after financial losses or disruptions. Their work involves analyzing financial situations, developing and implementing recovery strategies, negotiating with stakeholders, and ensuring compliance with relevant regulations. They may also manage teams that handle debt collection, settlements, or restructuring. The ultimate goal of a Financial Recovery Manager is to maximize the recovery of assets while minimizing additional losses and maintaining positive relationships with clients or partners.

What are the main challenges a financial recovery manager faces when leading recovery initiatives?

One of the primary challenges Financial Recovery Managers encounter is navigating complex negotiations with creditors and stakeholders while balancing the organization’s financial interests. They must analyze and restructure debt, coordinate with legal and financial teams, and implement recovery plans under tight deadlines. Additionally, maintaining clear communication and transparency across departments is crucial for gaining buy-in and ensuring the success of recovery strategies. Adaptability and problem-solving skills are essential, as every financial recovery situation presents unique obstacles.

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

To thrive as a Financial Recovery Manager, you need strong analytical abilities, financial acumen, and typically a degree in finance, accounting, or a related field. Familiarity with financial analysis software, debt recovery tools, and regulatory compliance systems is important, along with relevant certifications like CPA or CFE. Excellent negotiation, problem-solving, and communication skills help build rapport with clients and stakeholders during recovery processes. These skills ensure effective financial resolution, minimize losses, and uphold the organization's financial integrity.

What cities in Virginia are hiring for Financial Recovery Manager jobs?

Cities in Virginia with the most Financial Recovery Manager job openings:

Litigation & Recovery Manager

Herndon, VA • On-site

MARLIN LEASING CORPORATION
See more jobs at MARLIN LEASING CORPORATIONexternal

$120K - $140K/yr

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Posted 9 days ago

Job description

Litigation & Recovery Manager

 

We are PEAC Solutions—large enough to finance the globe, yet small enough to stand shoulder-to-shoulder with our customers. We believe in the power of partnership and the promise of possibility. Our purpose is to fuel growth by providing smart, flexible lending solutions that help businesses overcome obstacles and seize new opportunities. Backed by HPS Investment Partners, a leading global investment firm, we offer equipment financing, working capital, and inventory lending solutions that keep businesses moving forward. As the world’s largest independent equipment finance company, we are expanding our global footprint—and we are doing it with purpose, grit, and a commitment to those we serve.

You are someone who thrives in an environment where ambition meets action. You bring curiosity, resilience, and a strong sense of accountability. You see challenges as opportunities and believe in making an impact for customers, for your team, and for the business. If you are looking to be a part of a company that values partnership over hierarchy and purpose over routine, your next chapter could start here.

We are seeking an experienced Litigation & Recovery Manager to lead the Company’s litigation and recovery activities related to distressed and defaulted equipment finance transactions. This hands-on role requires strong judgment, persistence, and commercial thinking. Reporting to the Senior Vice President, General Counsel & Chief Compliance Officer, the Litigation & Recovery Manager will develop and execute strategies to maximize recoveries, protect company assets, and resolve matters efficiently while balancing financial, legal, customer, and reputational considerations. This position oversees a portfolio of complex default, litigation, repossession, bankruptcy, deficiency, fraud, and other recovery matters and partners closely with Credit, Collections, Asset Management, Operations, Sales, Finance, Compliance, and Legal.

Essential Functions:

  • Manage a portfolio of complex litigation, recovery, bankruptcy, repossession, deficiency, enforcement, fraud, and other matters arising from equipment finance and leasing transactions, including matters brought by or against the Company.
  • Develop and execute recovery strategies based on exposure, collateral value, obligor financial condition, guarantees, documentation, jurisdiction, legal costs, timing, collectability, and expected recovery.
  • Determine when matters should be negotiated, restructured, escalated to litigation, referred to outside counsel, settled, or recommended for write-off, partnering with Legal leadership on significant, precedent-setting, or higher-risk matters.
  • Ensure recovery actions are timely, commercially reasonable, appropriately documented, and consistent with Company policies and applicable law.
  • Prepare and file civil complaints in the Philadelphia Court of Common Pleas; participate in in-person and virtual hearings and settlement conferences; draft discovery responses; respond to subpoenas; and prepare estate claims, in coordination with Legal and as permitted based on the individual’s qualifications.
  • Select and manage outside counsel and other third-party recovery resources within established Company guidelines, setting expectations for strategy, timelines, budgets, reporting, and outcomes.
  • Review legal invoices and evaluate outside counsel performance, including responsiveness, cycle time, cost-effectiveness, and recovery results, while maintaining an effective network of counsel across relevant jurisdictions.
  • Coordinate with Asset Management, Collections, Operations, and third-party providers regarding repossession, surrender, remarketing, equipment disposition, deficiency claims, and post-disposition recovery strategies.
  • Manage bankruptcy and other complex default matters in coordination with internal and external counsel, including proofs of claim, relief from stay, restructuring strategies, equipment surrender, and other creditor remedies.
  • Evaluate financially distressed obligors and matters involving suspected fraud, asset concealment, fraudulent transfers, documentation issues, or other unusual circumstances, escalating concerns appropriately.
  • Lead and manage a Litigation and Recovery team of approximately six to eight employees, including coaching, workload prioritization, performance management, and professional development.
  • Maintain accurate reporting on exposure, matter status, strategy, expected recovery, legal spend, key dates, and next actions; provide regular updates to Credit, Finance, Legal, and senior management regarding significant matters, trends, risks, and forecasts.
  • Establish and monitor meaningful measures of effectiveness, including gross and net recoveries, recovery rates, recovery versus forecast, legal expense, time to resolution, matter aging, and outside counsel performance.
  • Partner across Credit, Documentation, Operations, Asset Management, Collections, Sales, Finance, and Legal to identify root causes, strengthen underwriting and servicing practices, improve recovery effectiveness, and reduce future losses.
  • Build a disciplined, data-driven litigation and recovery function that balances appropriate controls with practical business judgment and consistently drives matters toward resolution.

Qualifications:

  • Bachelor’s degree required. Legal education, training, or experience, including a JD or paralegal background, is a plus but not required.
  • 7+ years of experience in commercial collections, litigation management, recovery, special assets, workout, equipment finance, commercial lending, or a related discipline.
  • Equipment finance and leasing experience strongly preferred.
  • Demonstrated knowledge of commercial finance documentation, secured transactions, guarantees, repossession, bankruptcy, litigation, settlements, and deficiency recovery.
  • Experience managing outside counsel, legal expenses, and third-party recovery resources.
  • Ability to analyze financial exposure and make practical cost-benefit decisions regarding recovery strategies.
  • Strong negotiation, communication, documentation, reporting, and organizational skills.
  • Ability to manage a significant caseload while distinguishing routine matters from those requiring immediate escalation.
  • Strong judgment, commercial thinking, and the ability to clearly communicate risks, options, costs, and recommended actions.
  • Demonstrated ability to take ownership, work with urgency and accountability, and build effective relationships across Legal, Credit, Operations, Finance, Asset Management, Collections, and Sales.
  • Team leadership and performance-management experience.

PEAC Solutions is an equal opportunity employer, and all qualified applicants will receive consideration for employment without regard to race, color, ethnicity, disability, religion, national origin, gender, gender identity, gender expression, marital status, sexual orientation, age, protected veteran status, or any other characteristic protected by federal, state, or local laws. This policy applies to all terms and conditions of employment, including recruiting, hiring, placement, promotion, termination, layoff, recall, transfer, leaves of absence, compensation, and training.

The successful candidate will receive competitive compensation along with our benefit package which includes medical, dental, vision, life insurance, short and long-term disability, 401(k) with match, flexible spending, and paid time off. PEAC provides one paid day off per year to support community involvement. Celebrate you by also having off your birthday on us!