Asset Quality & Recovery Specialist

Asset Quality & Recovery Specialist

40 Hours (Full Time)

Monday - Friday (8am - 5pm)

630 Trade Center Drive

Las Vegas, NV

The primary purpose of this position is to assist Silver State Schools Credit Union to live out its Mission, "Excellent Member Service and Financial Solutions - For Life," while "Placing People over Profit" and providing outstanding service to both external and internal members.

• To deliver service in alignment with our Service Commitments:
• I will earn respect and build trust by acting with integrity in every situation.
• I will understand my role in supporting the team to achieve our purpose.
• I will focus on people over products and build lasting relationships.
• I will take ownership and accept responsibility.
• I will treat my coworkers with the same high standards as I treat my member.
• I will continuously look for ways to improve myself, my Credit Union, and my community.
• I will accept there is no "they." We are one working toward the same mission.
• I will commit to the core values.
• Meet all established service goals.

The Asset Quality & Recovery Specialist serves as a subject matter expert supporting all operational functions within the Credit Resolutions Department. This position provides advanced technical support across collections, bankruptcy administration, legal recovery actions, loss mitigation, foreclosure processes, repossession management, collateral liquidation, and post charge‑off recovery activities.

This role supports the management and resolution of delinquent and charged‑off loan portfolios across consumer, real estate, and commercial lending segments. The Specialist evaluates complex delinquent and defaulted loan situations requiring analysis, negotiation, and strategic decision‑making to minimize financial loss and protect the Credit Union's asset quality. The position operates with a high degree of independent judgment while collaborating with members, attorneys, courts, and third‑party vendors to resolve high‑risk credit situations in compliance with all applicable federal and state regulations.

Through comprehensive knowledge of the default management lifecycle—from early‑stage delinquency through legal recovery and asset liquidation—this position supports departmental continuity, assists with complex case resolution, and contributes directly to the Credit Union's financial stability and risk mitigation efforts. Decisions and recommendations made in this role directly influence delinquency levels, charge‑off ratios, recovery outcomes, and overall asset quality.

Credit Resolution & Loss Mitigation

• Manage and support delinquent and at‑risk loan portfolios across consumer, real estate, and commercial lending segments to minimize loss exposure and protect asset quality.
• Evaluate complex and high‑risk delinquent loan scenarios and determine appropriate resolution strategies including repayment plans, loan modifications, forbearance agreements, short sales, deed‑in‑lieu arrangements, foreclosure alternatives, and charge‑off recovery actions.
• Analyze member financial situations and recommend solutions that reduce delinquency and mitigate potential losses.
• Underwrite, structure, and administer member workout solutions in accordance with Credit Union policies, investor guidelines, and regulatory requirements.
• Oversee and coordinate foreclosure proceedings and OREO activities, ensuring compliance with legal, regulatory, and investor requirements.
• Administer and monitor PMI delinquency reporting, claims processing, and delinquent property tax tracking to ensure timely risk mitigation.
• Manage OREO assets including preservation, valuation, marketing, and disposition in coordination with approved vendors.

Bankruptcy & Legal Case Management

• Administer and manage all phases of the bankruptcy lifecycle including case validation, proof of claim preparation, reaffirmation agreements, payment monitoring, and court documentation.
• Direct case progression through coordination with legal counsel to ensure timely filings, responses, and resolution of legal matters.
• Prepare, review, and execute legal recovery documentation including judgments,…