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CF
Creative Financial Staffing
Debt Resolution Specialist
Career Insights for Credit Officer
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Based on Illinois data
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What they do
A Credit Officer helps bank clients with the process of applying for loans, and evaluates client financial information and creditworthiness. Helps clients prepare loan applications and manage the application process. May deal with commercial loan applications and transactions. May oversee or manage credit analysis and loan review functions at a bank.
$116,064 / year median in Illinois
-0% projected decline
Job Description
a { text-decoration: none; color: #464feb; } tr th, tr td { border: 1px solid #e6e6e6; } tr th { background-color: #f5f5f5; } Senior Debt & Asset Recovery Specialist Our Client is seeking a Senior Debt & Asset Recovery Specialist to join its Asset Recovery team in Itasca. This role is focused on managing complex, late-stage delinquency portfolios with an emphasis on asset preservation, recovery strategies, repossessions, loss mitigation, and negotiations . The ideal candidate brings a strong background in asset-based collections , understands how to maximize recovery outcomes, and is comfortable making judgment calls regarding workouts, payment arrangements, skip tracing strategies, and repossession activity. Key Responsibilities for the Senior Debt & Asset Recovery Specialist Manage a portfolio of highly delinquent asset-based accounts Develop and execute recovery strategies to maximize asset recovery and minimize losses Conduct advanced skip tracing to locate borrowers, collateral, and assets Utilize TLO, CLEAR, and other investigative tools to support recovery efforts Manage escalated customer situations and difficult negotiations Monitor KPIs including recovery rates, cycle times, and portfolio performance Document account actions, recommendations, and recovery outcomes Qualifications for the