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Financial Recovery Manager Jobs (NOW HIRING)

This role will play an important part in supporting budget administration, invoice processing, purchase order management, financial recovery, vendor coordination, and reporting . The ideal candidate ...

The Disaster Recovery Program Manager will work with a cross functional team to help design and ... Perks including employee discounts, financial wellness planning, tuition reimbursement and more*

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Financial Recovery Manager information

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$39K

$106.2K

$148.5K

How much do financial recovery manager jobs pay per year?

As of Sep 9, 2026, the average yearly pay for financial recovery manager in the United States is $106,160.00, according to ZipRecruiter salary data. Most workers in this role earn between $89,000.00 and $116,500.00 per year, depending on experience, location, and employer.

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 are hiring for Financial Recovery Manager jobs?

Cities with the most Financial Recovery Manager job openings:

What states have the most Financial Recovery Manager jobs?

States with the most job openings for Financial Recovery Manager jobs include:

What are popular job titles related to Financial Recovery Manager jobs?

For Financial Recovery Manager jobs, the most frequently searched job titles are:

Debt Collection Claims Representative, Financial Recovery Section

Richmond, VA • On-site

State of Virginia
Executive Offices and Legislative Bodies • 10K+ employees

$57K - $61K/yr

Full-time

Medical, Dental, Life, Retirement, PTO

Re-posted 6 days ago


State Of Virginia rating

8.0

Company rating: 8.0 out of 10

Based on 33 frontline employees who took The Breakroom Quiz

11th of 50 rated states


Job description

Debt Collection Claims Representative, Financial Recovery Section

Apply now Job no: 5108732
Work type: Full-Time (Salaried)
Location: Richmond (City), Virginia
Categories: Law / Judiciary

Title: Debt Collection Claims Representative, Financial Recovery Section

State Role Title: Claims Representative

Hiring Range: $57,800-$61,000

Pay Band: UG

Agency: Attorney General & Dept of Law

Location: Office of the Attorney General

Agency Website: https://www.oag.state.va.us/

Recruitment Type: General Public - G

Job Duties

A unique opportunity exists to work in the Virginia Office of the Attorney General, Financial Recovery Section of the Civil Litigation Division. We offer the opportunity of public service, work-life balance, and an attractive compensation package inclusive of paid time off, paid holidays, health/dental/life insurance, retirement, and more.
The mission of FRS is to advance the interests of the taxpayers of Virginia by providing legal advice and services to appropriately, cost-effectively, and aggressively secure recoveries on civil claims in favor of the Commonwealth of Virginia. The position contributes to the section's mission by providing legal support within the Judgment Enforcement Unit but may also involve prelitigation support as well as preparing Warrants in Debt and scheduling dockets in general district courts. The position assists in using judgment enforcement tools to collect judgments on delinquent accounts receivable arising from the provision of state goods and services, tort claims resulting from damage to state property, and more. The position is the primary contact for pro se debtors and defendants and participates with legal counsel in every phase of recovery, including pre-litigation, litigation, and judgment enforcement. Essential tasks include investigation, preparing garnishments, and may also include issuing legal demands for payment; negotiating settlements and payment plans; preparing legal documents, including warrants in debt, for filing in various state courts; preparing garnishments; responding to inquiries from client agencies, debtors, insurers, attorneys, and court personnel; and maintaining document and file control.

Minimum Qualifications

  • The successful candidate must possess excellent communication skills and analytical ability; the ability to prioritize the demands of a high-volume caseload; considerable knowledge of legal principles, practices, and processes; and the ability to work both independently and as a team member to successfully complete complex assignments within prescribed time limits.
  • The position supports itself and requires word processing skills.
  • The successful candidate will be subject to a criminal background check and a valid driver's license is required.

Additional Considerations

The preferred candidate will have a minimum of three years of experience providing support in a debt collection, plaintiffs' litigation, or insurance defense firm; experience with JST Collectmax software or similar case management database software is preferred.

Special Instructions

Kindly utilize the Virginia Jobs website (https://www.jobs.virginia.gov) to submit your application. Applications sent to the Recruitment email address will not be reviewed for the hiring process. We do not entertain phone calls or emails inquiring about application status; instead, please login to the PageUp/RMS system for updates on your application's status.

Contact Information

Name: OAG Recruitment

Phone: 804-786-2071

Email: recruitment@oag.state.va.us

In support of the Commonwealth's commitment to inclusion, we are encouraging individuals with disabilities to apply through the Commonwealth Alternative Hiring Process. To be considered for this opportunity, applicants will need to provide their AHP Letter (formerly COD) provided by the Department for Aging & Rehabilitative Services (DARS), or the Department for the Blind & Vision Impaired (DBVI). Service-Connected Veterans are encouraged to answer Veteran status questions and submit their disability documentation, if applicable, to DARS/DBVI to get their AHP Letter. Requesting an AHP Letter can be found at AHP Letter or by calling DARS at 800-552-5019.

Note: Applicants who received a Certificate of Disability from DARS or DBVI dated between April 1, 2022- February 29, 2024, can still use that COD as applicable documentation for the Alternative Hiring Process.

Advertised: 03 Aug 2026 Eastern Daylight Time
Applications close:

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