Financial Restructuring & Recovery Officer

Financial Restructuring & Recovery Officer

The Financial Restructuring & Recovery Officer is responsible for managing complex, high-risk and distressed commercial credit relationships, including restructurings, bankruptcies, litigation, and recoveries. This role performs in-depth financial, legal, and business analysis to assess repayment risk, develop rehabilitation or exit strategies, and maximize recoveries while minimizing losses. The officer serves as a key point of contact for distressed customers and works closely with internal partners, legal counsel, and senior leadership.

• Aggressively manage a portfolio of distressed relationships, including restructurings, forbearance, repossessions, legal remedies, and bankruptcies.
• Perform comprehensive credit evaluations and risk analysis across multiple wholesale and retail industries, including Food Ag & Outdoor, Construction, Transportation & Industrial, Technology Solutions, Office Equipment, Clean Technology, and Healthcare.
• Escalate material risks and emerging issues to management in a timely manner.

• Develop and execute restructuring, rehabilitation, exit, liquidation, and recovery strategies to mitigate risk and preserve collateral.
• Propose and implement negotiated settlements, payment arrangements, legal actions, and repossession/remarketing strategies as appropriate.
• Monitor compliance with restructured agreements, ensure payment arrangements are adhered to, and apply funds accurately.
• Manage aftercare portfolios and execute deficiency balance recovery strategies to maximize collections.

• Perform in-depth analysis of financial statements, cash flow, collateral, market conditions, legal documentation, and contractual risk.
• Maintain advanced understanding of bankruptcy proceedings, UCC, federal and state collection laws, creditor rights, and litigation processes.
• Work closely with outside counsel to manage litigation, bankruptcy cases, and enforcement actions.
• Ensure compliance with all global and local credit, risk management policies, vendor program agreements, and loss pool/recourse requirements.

• Develop and maintain effective working relationships with distressed customers to influence business plans and outcomes, with the objective of rehabilitation where feasible.
• Coordinate, prepare and present Loan Strategy Reports to local and global senior management and credit committees.
• Collaborate cross-functionally with Legal, Credit, Sales, Asset Management, Remarketing, Commercial Finance, Portfolio Management, and vendor partners.
• Provide guidance, coaching, and support to Litigation & Recovery team members on risk assessment and workout strategies for smaller or less complex accounts.
• Contribute to policy, procedure, and process development; support training and risk awareness initiatives across the organization.

• Two working days per year volunteering for a local charity.
• Health and Wellness program including healthy food, free health checks, and vitality activities.
• Flexible hours with possibility to work from home.
• Career development opportunities: online learning and member development programs.

• Bachelor's degree in Finance, Business, Accounting, or a related field (MBA preferred), or equivalent relevant experience.
• 710+ years of progressive experience in commercial credit, restructuring, workouts, litigation, or recovery, with exposure to complex and large-ticket transactions.
• Advanced expertise in financial analysis, credit risk management, restructuring techniques, and workout strategies for complex credits.
• Strong knowledge of bankruptcy law, UCC, collection laws, litigation processes, and creditor remedies.
• Ability to synthesize complex financial, legal, and operational data and translate it into clear risk recommendations and action plans.
• Excellent written and verbal communication skills, with the ability to present strategies and outcomes to senior leadership.
• Proven ability to prioritize multiple competing demands and operate effectively in a fast‑paced, high‑risk environment.
• Strong collaboration skills and the ability to work effectively in a networked, cross‑functional organization.
• Proficiency with Excel, Word, and financial statement spreading or analysis tools preferred.

Desired Primary

Work Location:

Wayne, PA / Des Moines, IA.

Pay range: $89,510.00 - $.

This position is subject to the terms of DLL's compensation plans and policies. It includes all other benefits provided to DLL employees, such as healthcare benefits, 401(k) matching, vacation, sick leave, parental leave, discretionary bonuses, and benefits governed by ERISA.

This position is subject to successful completion of a background check.

DLL is an equal opportunity employer. We are committed to inclusive, barrier-free recruitment and selection processes and work environments. If contacted for an employment…