Asset Recovery Manager

Join to apply for the Asset Recovery Manager role at Meritrust Credit Union
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This range is provided by Meritrust Credit Union. Your actual pay will be based on your skills and experience—talk with your recruiter to learn more.

$78,068.00/yr - $97,585.00/yr

We recognize that in order to meet the needs of our communities, we must represent our communities. Our success relies on creating a culture where we have diverse perspectives and a true sense of belonging. This is a journey, and we pledge to do more than simply check the box.

• Comprehensive medical insurance plan
• Dental and vision insurance
• Generous paid‑time‑off
• 12 paid holidays
• Annual bonus (based off of annual results/scorecard each year)
• 401(k) plan
• Wellness program
• Tuition assistance
• Employee loan discount
• Employee Assistance Program (EAP)
• Life and disability coverage

• Career development and pathing opportunities to move into leadership roles or other lines of business within MCU such as Commercial Lending, Finance, Marketing, Underwriting, Member Solutions, Training, Human Resources, and more.
• Supportive and engaging work environment.
• A wellness and sustainable work culture that puts family, Mother Nature, our community, and your health first.
• A work environment that encourages personal as well as professional growth, teamwork to make the dream work, and treating everyone equally.

Studies have shown that individuals from marginalized and/or historically underrepresented groups may be less likely to apply for jobs unless they meet every one of the qualifications listed. We are most interested in finding the best candidate for the job. We would encourage you to apply for a job at Meritrust Credit Union, even if you don’t meet every one of our qualifications listed.

• Oversee and support the asset recovery team in assigning repossession orders, conducting skip tracing, and managing member communications.
• Oversee asset recovery dashboards, queues, and reports to ensure timely follow‑up, balanced workloads, and performance tracking.
• Manage relationships with repossession agents, skip tracers, auction facilities, and titling agencies; ensure vendor compliance and performance.
• Resolve complex or escalated recovery cases, including member disputes, legal inquiries, and high‑risk accounts.
• Maintain advanced oversight of collateral valuation, disposition, and recovery strategy; approve routine repair recommendations and coordinate auction or direct sale processes to maximize asset return.
• Partner with internal departments—including Member Solutions, Lending, Bankruptcy & Recovery, and Insurance—to align strategies, share insights, and improve recovery outcomes while protecting the credit union’s assets.
• Ensure all recovery activities comply with federal and state regulations, including FDCPA, SCRA, FCRA, UDAAP, BSA, OFAC, and the Patriot Act.
• Train and mentor team members on recovery procedures, system usage, and regulatory updates; provide feedback and coaching as needed.
• Serve as a mentor and coach to asset recovery staff; provide regular training sessions to ensure team members are equipped with current knowledge, tools, and best practices.
• Generate and review reports on recovery performance, vendor activity, and asset disposition; identify trends and recommend improvements.
• Collaborate with internal departments to streamline workflows, improve recovery rates, and enhance member experience.
• Review and audit vendor invoices, posting of sale proceeds and refunds, and monitor dealer refund submissions and reconciliations.
• Ensure timely and accurate documentation of recovery actions and the issuance of required legal notices.
• Perform additional responsibilities to support departmental goals and organizational initiatives.

Mid‑Senior level

Full‑time

Management and Manufacturing

Banking