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Loss Recovery Analyst Jobs in Michigan (NOW HIRING)

MSUFCU

Disaster Recovery Specialist

East Lansing, MI · On-site

$85K - $100K/yr

  • Medical

  • Dental

  • Vision

  • Life

  • Retirement

  • PTO

... loss. This role ensures operational integrity and supports the Credit Union's mission to maintain ... Analyze and document test/exercise outcomes, identify systemic gaps and non-conformities, and drive ...

Huntington

Sr Financial Recovery Rep (SBA)

Detroit, MI · On-site +1

$70K - $140K/yr

  • Medical

  • Life

  • Retirement

  • PTO

The Sr Financial Recovery Rep (SBA) develops resolution strategy on classified (special asset ... losses on current Business Banking or commercial loan portfolio. Responsibilities include analyzing ...

Huntington

Financial Recovery Rep 2 ( Special Asset )

Detroit, MI · On-site +1

$70K - $140K/yr

  • Medical

  • Life

  • Retirement

  • PTO

The Financial Recovery Rep- Senior develops resolution strategy on classified (special asset) loans ... losses on current Business Banking or commercial loan portfolio. Responsibilities include analyzing ...

FastTek

IT Security Analyst

Troy, MI · On-site

  • Medical

  • Dental

  • Vision

  • Life

  • Retirement

  • PTO

Utilize Microsoft Purview capabilities (e.g., Data Loss Prevention, eDiscovery) to enforce ... recovery steps during active incidents. * Conduct root cause analysis for security incidents and ...

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Loss Recovery Analyst information

What is a loss recovery analyst?

A Loss Recovery Analyst is a professional responsible for identifying, investigating, and recovering financial losses incurred by a company due to fraud, errors, disputes, or other irregularities. They analyze transactions, review documentation, and work closely with other departments or external entities to reclaim lost funds. Their role often involves using data analysis tools and adhering to regulatory guidelines to ensure accurate recovery processes and minimize future losses.

How does a loss recovery analyst typically collaborate with other departments within a financial institution?

Loss Recovery Analysts work closely with departments such as collections, legal, risk management, and customer service. They coordinate with collections teams to review delinquent accounts, partner with legal teams to ensure compliance with recovery processes, and communicate with risk management to identify trends and prevent future losses. This cross-functional collaboration helps streamline recovery efforts, ensures accurate record-keeping, and supports effective resolution strategies. Strong communication and teamwork skills are essential for success in this role.

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

To thrive as a Loss Recovery Analyst, you need strong analytical abilities, attention to detail, and a background in finance, accounting, or a related field, often supported by a bachelor's degree. Familiarity with risk management software, financial databases, and case management systems, as well as certifications like CFE (Certified Fraud Examiner), are commonly required. Excellent communication, problem-solving skills, and persistence help professionals excel in recovering losses and negotiating with stakeholders. These competencies are crucial for accurately identifying recoverable assets, minimizing company losses, and ensuring compliance with legal and regulatory standards.

What is the difference between Loss Recovery Analyst vs Claims Analyst?

AspectLoss Recovery AnalystClaims Analyst
CredentialsTypically requires a bachelor's degree in finance, accounting, or related field; certifications like CPCU or ARM are commonSimilar educational background; certifications like CPCU or ARM also advantageous
Work EnvironmentUsually in insurance companies, financial institutions, or legal settingsPrimarily in insurance companies, adjusting firms, or legal departments
Industry UsageFocuses on recovering losses through negotiations, legal action, or insurance claimsHandles processing, evaluating, and settling insurance claims

While both roles operate within the insurance and financial sectors and may share similar credentials, the Loss Recovery Analyst primarily focuses on recovering losses through negotiations and legal avenues, whereas the Claims Analyst manages the processing and settlement of insurance claims. Understanding these distinctions helps job seekers identify the right career path based on their skills and interests.

What are popular job titles related to Loss Recovery Analyst jobs in Michigan?

For Loss Recovery Analyst jobs in Michigan, the most frequently searched job titles are:

What job categories do people searching Loss Recovery Analyst jobs in Michigan look for?

The top searched job categories for Loss Recovery Analyst jobs in Michigan are:

What cities in Michigan are hiring for Loss Recovery Analyst jobs?

Cities in Michigan with the most Loss Recovery Analyst job openings:

Loss Recovery Analyst jobs near you

Disaster Recovery Specialist

MSUFCU

East Lansing, MI • On-site

$85K - $100K/yr

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Re-posted yesterday

Job description

Position Summary:
The Disaster Recovery Specialist plays a critical role in the Credit Union's resilience by helping develop, maintain, and test disaster recovery (DR) plans and procedures. This position supports enterprise-wide preparedness efforts and regulatory compliance, minimizing operational disruptions and safeguarding member trust. This position safeguards the Credit Union in facing significant gaps in disaster recovery preparedness, increasing the risk of prolonged outages, regulatory non-compliance, and financial loss. This role ensures operational integrity and supports the Credit Union's mission to maintain stability and member trust.
Work Arrangement: This position is available to work hybrid (1-2 days/week), or onsite at our Headquarters building in East Lansing, MI.
Schedule: Monday-Friday 8:00am - 5:00pm ET
An offer of employment with MSU Federal Credit Union and affiliates is contingent upon the agreed work arrangement (onsite/hybrid) and work location. MSU Federal Credit Union may or may not be able to accommodate temporary or permanent changes to work arrangements or allow employment outside the city and/or state of residency in which the new hire resides at the time of offered employment.
Compensation & Benefits:
  • Salary Range: $85,000-$100,000 dependent on experience
  • 100% Company-Paid Health, Dental, Vision, Life, and Long-Term Disability Premiums
  • Up to 26 days of PTO within your first year, as well as Volunteer Time Off & 11 Paid Holidays
  • 401(k) with a company match
  • Tuition Reimbursement
  • Up to 12 Weeks of Paid Parental Leave
  • Learn more about our benefits here

Essential Duties & Responsibilities:
  • Design, implement, and continuously improve enterprise disaster recovery (DR) strategy aligned with business continuity objectives and organizational risk appetite.
  • Works with IT in developing, maintaining, and updating DR plans for identified systems, applications, platforms, and cloud infrastructure; ensure plans reflect current architecture and recovery priorities.
  • Collaborate with Business and IT Leadership to design, coordinate, and lead DR exercises (tabletop, functional, and simulated), and support full-scale testing as appropriate; ensure test objectives, scenarios, and success criteria are defined and communicated.
  • Analyze and document test/exercise outcomes, identify systemic gaps and non-conformities, and drive remediation plans to closure, track actions and report progress to stakeholders.
  • Collaborate with software development and DevOps teams to ensure DR capabilities are built into the application lifecycle (including CI/CD pipelines), automation, backup, redundancy, and failover patterns.
  • Support validation of backup, redundancy, and failover mechanisms for core and critical systems, and advise on improvements to resilience design and operational readiness.
  • Ensure the DR program meets regulatory requirements and industry best practices (including NCUA, FFIEC, and other regulatory or contractual requirements); maintain supporting documentation and evidence for audits/exams.
  • Serve as a subject matter resource during incidents or crises, providing coordination and guidance to help maintain operational resilience and restore services efficiently.
  • Leads the creation and facilitation of training programs and awareness initiatives to strengthen preparedness.
  • Understand and follow Credit Union policies, procedures, and internal controls to ensure compliance and accountability for managing operational risk; safeguard assets, help prevent fraud, and maintain operational integrity.
  • Perform other duties as assigned.

Job Requirements:
  • Bachelor's degree in Information Technology (IT), Risk Management, Cybersecurity, or related field is required; OR 3 years of experience in disaster recovery business continuity, or IT operations in mid-to-large organizations in lieu of degree.
  • ABCP, CBCP, or equivalent business continuity/disaster recovery certification (e.g., Disaster Recovery Certified Specialist (DRCS)) required; OR a minimum of 3 years of experience in disaster recovery, business continuity, or IT operations in mid-to large organizations.
  • Prior experience applying DR/BC regulatory guidance and industry best practices (e.g., NCUA, FFIEC, ISO 22301) and supporting audits and exams through appropriate documentation in a regulated environment.
  • Experience leading (formally or informally) DR program activities, including influencing cross-functional teams, facilitating training, and coordinating testing and remediation.

Competencies:
  • Core Competencies that must be demonstrated by all Credit Union employees include Communicate, Navigate Change & Evolve, Solve Problems & Make Decisions, Plan, Prioritize, and Achieve, and Collaborate.

Functional Competency
Behavioral Description
AI & Digital Proficiency
Developing
Leverages artificial intelligence and digital tools to enhance decision-making, identify trends, and manage emerging risks. Applies AI-driven insights to support due diligence, validate outcomes, and refine prompt engineering techniques. Continuously adapts to advancements in AI to improve efficiency and effectiveness within the role.
Process Knowledge
Performing
Demonstrates knowledge of procedures and department or Credit Union processes and utilizes this knowledge to inform decisions.
System Knowledge
Performing
Demonstrates knowledge of specific Credit Union programs and applications and successfully navigates these systems.
Organizational Awareness
Performing
Understands and aligns actions with the organization's goals, core functions, needs, and values.
Teamwork
Performing
Works well with internal and cross-functional teams to achieve individual, team, department, and/or organizational goals. Values diverse perspectives and working with others to achieve the best outcome possible.
Active Listening
Performing
Attentively listens to speaker, understands what they are saying,
responds and reflects and retains the information for later.
Critical Thinking
Performing
Takes outside knowledge into account while evaluating information.
Documentation
Exceeding
Demonstrates knowledge of documentation procedures. Tracks
changes, makes updates, and relays important information.
Initiative
Performing
Takes proactive and prompt action to accomplish work goals. Takes action to achieve results beyond requirements.
Resourcefulness
Performing
Creatively copes with difficult situations or unusual problems. Solves problems and achieves results in the face of obstacles and constraints.
Physical Demands & Work Environment:
  • May be required to remain in a stationary position for an extended period.
  • Ability to operate standard office technology, equipment, and tools, which may include many hours of computer and phone usage.
  • Occasionally needs to move about inside of an office area.
  • Frequently needs to move about inside or outside of an office area.
  • Exposure to potentially hazardous conditions, i.e. robbery. Receives detailed instructions and procedures to be followed to minimize the exposure.
  • Frequently moves equipment or materials weighing up to 50 pounds for transport between areas of buildings.
  • This position requires onsite presence at the employees' assigned location for all scheduled shifts.
  • This position can work in hybrid or onsite working arrangements.

Disclaimer:
  • Please note this job description is not intended to be construed as an exhaustive list of all functions, responsibilities, skills, and abilities. Additional functions and requirements may be assigned by supervisors as deemed appropriate. This document does not represent a contract of employment, and MSU Federal Credit Union reserves the right to change this position description and/or assign tasks for the employee to perform, as MSUFCU may deem appropriate.
  • MSUFCU is an affirmative-action, equal-opportunity employer.
  • To perform this job successfully, an individual must be able to perform each essential job duty satisfactorily. Reasonable accommodation may be made to enable qualified individuals with disabilities to perform essential job functions.

Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities
This employer is required to notify all applicants of their rights pursuant to federal employment laws.
For further information, please review the Know Your Rights notice from the Department of Labor.

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