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Liquidation Manager Jobs in Rochester Hills, MI (NOW HIRING)

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Liquidation Manager information

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

To thrive as a Liquidation Manager, you need expertise in asset valuation, financial analysis, and inventory management, often supported by a degree in business, finance, or a related field. Familiarity with liquidation software, ERP systems, and auction platforms is typically required, along with relevant certifications like Certified Turnaround Professional (CTP) being advantageous. Strong negotiation, decision-making, and communication skills help build relationships with buyers, creditors, and internal teams. These capabilities ensure efficient asset disposition, maximize recovery value, and support successful business wind-downs or restructurings.

What is a liquidation manager?

Liquidation Managers are professionals responsible for overseeing the process of selling off a company's assets, typically when a business is closing or restructuring. They manage the entire liquidation process, including appraising assets, coordinating sales, settling outstanding debts, and ensuring legal compliance. Liquidation Managers work closely with creditors, legal teams, and company leadership to maximize asset recovery and minimize losses. Their goal is to efficiently convert assets into cash and distribute proceeds according to legal and contractual obligations.

What are some common challenges liquidation managers face when coordinating asset sales, and how can these be effectively managed?

Liquidation Managers often encounter challenges such as managing tight timelines, negotiating with multiple stakeholders, and ensuring compliance with legal and financial regulations. Balancing the need to maximize asset value with the urgency to complete sales can be demanding. Effective communication, strong organizational skills, and a thorough understanding of relevant laws and market conditions are key to overcoming these obstacles. Building relationships with reliable buyers and leveraging technology for inventory tracking can also help streamline the liquidation process.

What is the difference between Liquidation Manager vs Asset Disposition Specialist?

AspectLiquidation ManagerAsset Disposition Specialist
CredentialsRelevant certifications (e.g., CPA, CMA), industry experienceSimilar certifications, often with asset management or finance background
Work EnvironmentCorporate or auction settings, overseeing liquidation processesFinancial institutions, asset management firms, or auction houses
Industry UsageUsed in retail, manufacturing, and corporate sectorsCommon in finance, banking, and asset recovery industries

The Liquidation Manager and Asset Disposition Specialist roles share similar credentials and work environments, focusing on asset sale processes. The Liquidation Manager typically oversees entire liquidation projects, while the Asset Disposition Specialist handles specific asset sales or recovery tasks. Both roles are essential in asset management and often overlap in industry usage.

What job categories do people searching Liquidation Manager jobs in Rochester Hills, MI look for? The top searched job categories for Liquidation Manager jobs in Rochester Hills, MI are:
Liquidation Manager jobs near you

Senior Commercial Workout Special Assets Officer

Commercial Alliance

Troy, MI • On-site

Full-time

Posted 6 days ago

Job description

SENIOR COMMERCIAL WORKOUT SPECIAL ASSETS OFFICER
Commercial Alliance provides a comprehensive suite of lending services designed to help credit unions succeed with business members across six states. We are looking for an enthusiastic, self-motivated Commercial Workout Officer that will manage a portfolio of criticized, classified, and non-performing commercial relationships. Develop and executes workout strategies designed to maximize recovery, minimize losses, preserve collateral, and mitigate lender liability. Serve as a subject matter expert for commercial workouts, SBA servicing and liquidation matters, borrower negotiations, litigation coordination, and recovery strategy development.
ESSENTIAL DUTIES AND RESPONSIBILITIES:
  • Independently manage a portfolio of criticized, classified, or non-performing commercial loan relationships from Credit Union affiliates.
  • Develop and execute workout, restructuring, liquidation, or exit strategies for Commercial Real Estate, Commercial amp; Industrial, SBA, and other commercial credit relationships.
  • Analyze borrower financial condition, collateral position, guarantor support, loan documentation, repayment capacity, and legal or operational risks to recommend appropriate action plans.
  • Negotiate workout arrangements with borrowers, guarantors, attorneys, creditors, lending personnel, and other third parties within established legal and policy parameters.
  • Prepare and present written recommendations for risk rating changes, non-accrual status, charge-off, reserves, workout strategy, litigation action, collateral disposition, or other portfolio actions.
  • Coordinate with inside and outside counsel on litigation, foreclosure, bankruptcy, receivership, collections, loan document enforcement, and collateral recovery actions.
  • Manage SBA workout and liquidation matters, including servicing requirements, liquidation plans, guaranty purchase support, charge-off/recovery documentation, and SOP compliance, as applicable.
  • Evaluate, manage, and coordinate disposition of collateral and Credit Union-owned property, including Other Real Estate Owned, to maximize recovery and financial return.
  • Conduct borrower meetings, collection calls, site visits, collateral inspections, and third-party vendor coordination to assess status and move action plans forward.
  • Consult with lending, credit, legal, audit, loan operations, senior management, loan committees, and regulatory stakeholders regarding deteriorating credits and recommended courses of action.
  • Develop and maintain relationships with workout vendors, including attorneys, property managers, environmental experts, appraisers, brokers, receivers, and liquidation specialists.
  • Monitor progress of workout accounts, update action plans, adjust strategies as needed, and ensure timely follow-up to minimize and prevent loss.
  • Mentor junior workout staff and provide practical guidance on documentation, borrower communication, analysis, and workout process expectations.
  • Assist leadership with portfolio reporting, board or senior management materials, audit/exam support, policy recommendations, and Special Assets process improvements.
  • Ensure the loan workout function is conducted in accordance with Credit Union/CUSO policies, procedures, documentation standards, and applicable statutory and regulatory requirements.
  • Perform other duties as assigned.
QUALIFICATIONS:
Required:
  • Bachelor's degree in Business Administration, Finance, Accounting, Economics, or a related field, or equivalent combination of education and relevant experience.
  • Seven or more years of commercial lending, commercial credit administration, Special Assets, loan workout, restructuring, asset recovery, or related financial services experience.
  • Direct experience managing distressed Commercial Real Estate and/or Commercial amp; Industrial credit relationships.
  • Experience with borrower negotiations, collateral analysis, bankruptcy/foreclosure coordination, attorney management, charge-off recommendations, non-accrual recommendations, and recovery strategies.
  • Experience with SBA servicing, liquidation, guaranty purchase support, or SBA workout/recovery matters.
  • Broad knowledge of banking, accounting, finance, commercial lending, loan documentation, and applicable regulatory expectations.
  • Ability to calculate and interpret figures such as discounts, interest, commissions, percentages, ratios, proportions, collateral values, and repayment calculations.
Preferred:
  • Ten or more years of progressively responsible commercial workout, Special Assets, restructuring, or asset recovery experience.
  • Prior experience mentoring, training, or providing technical direction to junior workout, credit, or portfolio staff.
  • Experience presenting complex credit recommendations to executive leadership, loan committees, boards, regulators, or audit teams.
  • Experience with OREO management, environmental matters, receiverships, collateral liquidation, or vendor oversight across multiple geographic markets.
WHAT WE OFFER

Commercial Alliance offers exciting and challenging opportunities to thrive in a dynamic, collaborative, and innovative environment. As a member of our team, you'll benefit from a competitive salary and comprehensive benefits package. Additionally, you'll have access to unique opportunities for professional and personal growth, along with recognition and rewarding experiences.

If you are a strategic thinker with a passion for delivering exceptional products and working in a fast-paced environment, we would love to hear from you. Apply today to join our team!

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