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Senior Commercial Asset Recovery & Workout Manager

Job in Charlestown, Clark County, Indiana, 47111, USA
Listing for: New Washington State Bank
Full Time position
Listed on 2026-08-17
Job specializations:
  • Business
    Risk Manager/Analyst
Salary/Wage Range or Industry Benchmark: 90000 - 130000 USD Yearly USD 90000.00 130000.00 YEAR
Job Description & How to Apply Below

New Washington State Bank in Charlestown or Sellersburg seeks a Commercial Asset Recovery Manager to lead high-risk, non-performing loan workouts on-site. You will assess distressed accounts, negotiate restructures, and coordinate workouts with borrowers to minimize losses while ensuring regulatory compliance.

Responsibilities include reviewing borrower metrics, drafting loan modifications, evaluating real estate and equipment valuations, coordinating with legal counsel, and implementing early

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Position Requirements
10+ Years work experience
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