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Portfolio Recovery Jobs in Minnesota (NOW HIRING)

Huntington

Sr Financial Recovery Rep (SBA)

Minnetonka, MN · On-site +1

$70K - $140K/yr

The Sr Financial Recovery Rep (SBA) develops resolution strategy on classified (special asset ... portfolio. Responsibilities include analyzing financial plans, negotiating loan collection, or ...

New

Geronimo Power, LLC

Project Scheduler

Minneapolis, MN · On-site

$90K - $115K/yr

Schedule risks are identified early, enabling timely mitigation and recovery plans. * Portfolio reporting provides leadership with meaningful schedule insights and decision support. * Cross ...

Robert Half

Director of Loan Accounting

Minneapolis, MN · On-site

$110K - $140K/yr

... recoveries, and public program payments. * Oversee bank account reconciliations and direct the ... Provide senior guidance on servicing issues, asset management events, and portfolio exceptions to ...

CCS Global Tech

Engineer 1

Saint Paul, MN · On-site

CCS Global Tech is a rapidly growing Information Technology company with a diverse portfolio of ... Implement disaster recovery solution. * Provide knowledge transfer. Desirable Skills: * Experience ...

Care Career

Travel LDRP RN

Little Falls, MN · On-site

Specialty: LDRP - Labor Delivery Recovery & Postpartum * Discipline: RN * Start Date: ASAP ... Posted job title: RN Labor and Delivery About Care Career Care Career brings together a portfolio ...

US Bank

CFO Corporate Real Estate

Minneapolis, MN · Hybrid

S. banking - a nationwide portfolio spanning bank branches, office hub locations, and a broad ... sublease recovery, and stranded-cost provisions). Quantify P&L, cash flow, and balance sheet ...

Spscommerce

Customer Success Executive

Minneapolis, MN · Hybrid

$78K - $117K/yr

Own the relationship with a portfolio of large, complex CPG accounts, acting as their advocate ... Recovery segment. What You'll Bring * Bachelor's degree, preferably, in Business, Finance, or ...

Blaze Credit Union

Director Collections

Saint Paul, MN · On-site

$103K - $155K/yr

... recovery strategies, process improvements, and regulatory adherence. Provides leadership ... Manage Blaze's Other Real Estate Owned (OREO) portfolio with Mortgage Servicing leadership ...

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Portfolio Recovery information

What is portfolio recovery?

Portfolio recovery refers to the process of purchasing and collecting on delinquent or charged-off debt portfolios, usually by specialized companies. These firms buy large groups of defaulted accounts from original creditors at a discount and then attempt to recover as much of the unpaid debt as possible from consumers. The goal is to maximize recovery while staying within legal and ethical guidelines. Portfolio recovery specialists may contact debtors directly, negotiate settlements, or use legal means to collect outstanding balances.

What are the key skills and qualifications needed to thrive in portfolio recovery, and why are they important?

To thrive in Portfolio Recovery, you need strong analytical skills, attention to detail, and a background in finance, business, or collections-related fields. Familiarity with collections software, CRM systems, and relevant compliance certifications is often required. Excellent negotiation, communication, and problem-solving abilities help you effectively engage with clients and resolve outstanding debts. These skills are crucial for maximizing recovery rates while maintaining compliance and positive client relationships.

What are some common challenges faced by professionals in portfolio recovery, and how can they be managed?

Professionals in Portfolio Recovery often encounter challenges such as negotiating with reluctant debtors, managing high call volumes, and adhering to strict compliance regulations. Success in this role requires excellent communication skills, resilience, and a thorough understanding of legal guidelines governing debt collection. Many teams provide regular training and support to help staff handle difficult conversations and maintain compliance, while technology tools can streamline workflow and reduce stress. Building rapport with customers and staying organized are key to overcoming these challenges and succeeding in Portfolio Recovery.

What is the difference between Portfolio Recovery vs Debt Collector?

AspectPortfolio RecoveryDebt Collector
CredentialsTypically no specific certifications required, but knowledge of collections laws helpsOften no formal certifications, but familiarity with debt collection practices is common
Work EnvironmentOffice-based, handling portfolios of defaulted debts for third-party agenciesField or office-based, contacting debtors to recover overdue payments
Employer & IndustryThird-party debt recovery agencies, financial institutionsDebt collection agencies, financial services companies

Portfolio Recovery specialists focus on managing and recovering debts through structured portfolios, often working with legal and financial tools. Debt collectors typically engage directly with debtors to negotiate payments. While both roles involve debt recovery, Portfolio Recovery emphasizes portfolio management and legal processes, whereas debt collectors focus on direct contact and negotiation.

What are popular job titles related to Portfolio Recovery jobs in Minnesota? For Portfolio Recovery jobs in Minnesota, the most frequently searched job titles are:
What job categories do people searching Portfolio Recovery jobs in Minnesota look for? The top searched job categories for Portfolio Recovery jobs in Minnesota are:
Portfolio Recovery jobs near you
Infographic showing various Portfolio Recovery job openings in Minnesota as of August 2026, with employment types broken down into 89% Full Time, 8% Part Time, and 3% Contract. Highlights an 86% Physical, 4% Hybrid, and 10% Remote job distribution.

Sr Financial Recovery Rep (SBA)

Huntington

Minnetonka, MN • On-site, Remote

$70K - $140K/yr

Full-time

Medical, Life, Retirement, PTO

Posted 3 days ago

New

Job description

Description

Summary:

The Sr Financial Recovery Rep (SBA) develops resolution strategy on classified (special asset) loans to minimize losses on current Business Banking or commercial loan portfolio. Responsibilities include analyzing financial plans, negotiating loan collection, or restructuring, and recommending/overseeing litigation, liquidation or charge off-of loan. Works with moderately large and complex loans. May coach less experienced employees.

Duties & Responsibilities:

  • Develops resolution strategy on classified (special asset) loans to minimize losses on current loan portfolio.
  • Analyzes financial plans, negotiates loan collection or restructuring, and recommends/oversees litigation, liquidation or charge-off of loan.
  • Works with business line loan officers to manage non-pass rated borrowing relationship.
  • Adheres to bank policies and procedures and complies with legal and regulatory requirements.
  • Accountable for risk management, compliance, and audit performance for area(s) of responsibility whether a supervisor, manager, or individual contributor.
  • Establishes or works with management to develop effective controls and processes to ensure risks are measured, monitored, and controlled and compliance requirements are adhered to on an on-going basis.
  • If applicable, ensures staff is properly trained, provided with appropriate resources, and motivated to adhere to risk management principles.
  • Maintains current knowledge of risk-related changes that may impact assigned area(s) of responsibility.
  • Performs other duties as assigned,

Basic Qualifications:

  • Bachelor's degree in business, finance or accounting or equivalent, relevant work experience 
  • A minimum of 3 years of experience in commercial/business banking underwriting, lending, or credit required

Preferred Qualifications:

  • Excellent written and verbal communication skills
  • Strong goal achievement orientation.
  • Strong attention to detail, sense of urgency, and ability and desire to provide Simply the Best Service to our clients are key in this position.
  • Ability to work independently in a deadline driven and goal-oriented team environment.
  • Basic working knowledge of PC applications  


Exempt Status: (Yes = not eligible for overtime pay) (No = eligible for overtime pay)

Yes

Workplace Type:

Office

Our Approach to Office Workplace Type

Certain positions outside our branch network may be eligible for a flexible work arrangement. We’re combining the best of both worlds:  in-office and work from home. Our approach enables our teams to deepen connections, maintain a strong community, and do their best work. Remote roles will also have the opportunity to come together in our offices for moments that matter. Specific work arrangements will be provided by the hiring team.

Compensation Range:

$70,000-$140,000 Annual Salary

The compensation range represents the anticipated low and high end of the base compensation range for this position. Actual compensation will vary based on various factors including but not limited to location, experience, and education.  Colleagues in this position are also eligible to participate in an applicable incentive compensation plan.  In addition, Huntington provides a variety of benefits to colleagues, including health insurance coverage, wellness program, life and disability insurance, retirement savings plan, paid leave programs, paid holidays and paid time off (PTO). 

Huntington is an Equal Opportunity Employer.

Tobacco-Free Hiring Practice: Visit Huntington's Career Web Site for more details.

Note to Agency Recruiters:  Huntington will not pay a fee for any placement resulting from the receipt of an unsolicited resume.  All unsolicited resumes sent to any Huntington colleagues, directly or indirectly, will be considered Huntington property. Recruiting agencies must have a valid, written and fully executed Master Service Agreement and Statement of Work for consideration.

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