What are the responsibilities and job description for the Asset Management Specialist position at Contemporary Staffing Solutions?
Job Title: Asset Management Specialist
Job Overview:
We are seeking a detail-oriented Asset Management Specialist to join our client in Sewell, NJ. This permanent, direct-hire position is 100% onsite with no remote flexibility. The role offers a structured Monday–Friday, 8:00 AM – 5:00 PM schedule, providing excellent work-life balance. The Asset Management Specialist is primarily responsible for loan collections, managing non-performing loans, and overseeing bank-owned properties (OREO). This role requires strong analytical skills, the ability to handle classified loans, and occasional property inspections.
Compensation:
- Salary: $50,000 - $65,000 per year
- Bonus opportunities
- Employment Type: Permanent/Direct-Hire
Work Schedule:
- Days: Monday – Friday
- Hours: 8:00 AM – 5:00 PM
- Location: 100% onsite in Sewell, NJ
Key Responsibilities of the Asset Management Specialist:
- Coordinate and collect delinquent loan accounts with internal staff and external legal counsel.
- Develop payment plans and monitor non-performing loans.
- Secure, maintain, and assist with the disposition of OREO properties, ensuring compliance with leases and property upkeep.
- Conduct property inspections to verify conditions and validate claims (occasional local travel required).
- Monitor classified loans and complete required documentation for asset quality meetings.
- Serve as Recording Secretary for Loan Committee meetings.
- Assist BSA staff in monitoring money service businesses (MSBs).
- Support off-site audits of cash suppliers/couriers.
- Act as a backup for the Security Officer and provide support for SAFE Act compliance (NMLS issues).
- Ensure OREO properties have insurance coverage and necessary maintenance.
Qualifications and Skills for the Asset Management Specialist:
- Experience: 5-7 years in a commercial or residential loan environment.
- Expertise: Strong understanding of non-performing loans and delinquent loan collections.
- Technical Skills: Proficiency in loan servicing systems and spreadsheet applications.
- Communication: Ability to interact effectively with internal teams, clients, and external vendors (e.g., attorneys, realtors).
- Decision-Making: Capability to manage delinquent real estate tax payments and repayment plans.
- Compliance: Knowledge of banking regulations, classified loans, and asset management policies.
Why Join Us?
- Stable Employer: No layoffs in company history, consistent bonus structure.
- Work-Life Balance: Strict 8:00 AM start time, but no expectation for overtime.
- Professional Environment: Business casual Monday-Thursday, casual Fridays, with executives in formal attire.
- Benefits: Medical, dental, life insurance, 401(k), and paid time off.
If you have experience in loan collections, asset management, and property oversight, we encourage you to apply!
About Us:
Contemporary Staffing Solutions (CSS) is a trusted leader in providing contract, temporary, temp-to-hire, and direct hire staffing solutions. With decades of experience, we’ve grown from a staffing agency to a nationwide provider of workforce management solutions. Our niche recruitment expertise spans Accounting & Finance, Call Center & Office Support, Human Resources, Sales & Marketing, and Information Technology.
Explore more about CSS and how we connect great talent with exceptional opportunities by visiting www.ContemporaryStaffing.com.
Salary : $50,000 - $65,000
