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$20.5K

$56.2K

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How much do repossession manager jobs pay per year?

As of Jun 6, 2026, the average yearly pay for repossession manager in the United States is $56,248.00, according to ZipRecruiter salary data. Most workers in this role earn between $31,500.00 and $66,500.00 per year, depending on experience, location, and employer.

What are some common challenges repossession managers face on the job?

Repossession Managers often encounter challenges such as managing difficult customer interactions, ensuring compliance with complex state and federal regulations, and coordinating logistics for asset recovery across various locations. Balancing efficiency with empathy while upholding legal standards is crucial, as is handling unanticipated scenarios like contested recoveries. Strong problem-solving and communication skills are necessary to resolve conflicts and maintain positive relationships with clients, team members, and third-party vendors. Overcoming these challenges is key to achieving recovery targets and maintaining the company’s reputation.

What does a Repossession Manager do?

A Repossession Manager oversees the recovery of assets, such as vehicles or property, from individuals or businesses that have defaulted on payments. They coordinate with repossession agents, ensure compliance with legal regulations, and manage communication with clients and financial institutions. Additionally, they handle documentation, resolve disputes, and work to minimize losses for lenders while maintaining ethical and legal standards.

What are the key skills and qualifications needed to thrive in the Repossession Manager position, and why are they important?

To excel as a Repossession Manager, you need expertise in asset recovery operations, knowledge of relevant laws and regulations, and experience in financial services or collections management. Familiarity with repossession tracking software, case management systems, and compliance training or certifications, such as Certified Asset Recovery Specialist (CARS), is often required. Excellent negotiation, conflict resolution, and leadership skills help drive successful outcomes and foster team productivity. These abilities ensure repossessions are conducted legally, efficiently, and with minimized risk to the organization.

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Repossession Manager jobs near you

Repossession Agent - Grovertown

Indiana Recovery Services

Grovertown, IN • On-site

$60K - $140K/yr

Full-time

Retirement, PTO

Posted 11 days ago

Job description

Join one of the top repossession teams in the Nation!


Description: The Repossession Agents job consists of investigating, identifying / locating and securing defaulted collateral using a variety of programs and technology. Once secured, safely and efficiently transporting unit back to company impound yard.


Qualifications:


  • Self-starter with positive attitude and ability to work with minimal supervision

  • Strong attention to detail, goal oriented

  • Able to multi-task in a fast-paced environment

  • Commitment to excellent customer service

  • Shifts and/or schedules may change throughout the year as dictated by management and business needs

  • Preferred proficiency in current technology

  • Able to problem solve and determine solutions to issues as they arise

  • Must be able to work in all weather conditions
  • Must have a Chauffeur's endorsement and maintain a clear driving record

  • Must be able to lift a minimum of 50 lbs
  • Must be at least 23 yrs of age
  • Must pass a background check and drug screen
  • Background in collateral recovery, towing, investigations, law enforcement ormilitary preferred but not required.

  • Preferred knowledge of vehicles


Job Duties for Repossession Agent:


  • Locate, verify and secure collateral out for repossession based on information provided by the lien holder
  • Properly securing unit to tow truck and safely towing unit to lot
  • Report recovered collateral in required systems
  • Maintain equipment and complete daily vehicle inspections prior to and at the end of each shift

  • Completecondition report and photos on recovered collateral as needed
  • Transport recovered units to auction as requested
  • Follow all DOT regulations and company policies
  • All other duties as required


Compensation:


  • Agents make anywhere from $60K - $140K a year depending on work ethic and determination. Hourly pay for company meetings and training
  • Bi-weekly pay schedule
  • Matching retirement program
  • Paid vacation
  • Company clothing allowance
  • Companyissued ipad for use in the course of work duties
  • Newer equipment


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