Asset Recovery Manager

Location: Denver, CO (In-Office)

Job Type: Full-Time Exempt

Salary: $121,000 - $194,000/yr *Actual offer will be based on experience, location, education, and/or skills*

Applications should be submitted for consideration no later 05/18/2025

Who We're Looking For

You're a strategic thinker with strong problem-solving abilities who thrives in high-pressure situations. You are experienced in asset recovery, credit analysis, and managing distressed loans, with a deep understanding of collateral management, negotiation, and workout agreements. You bring a methodical approach to evaluating risk and identifying recovery opportunities while maintaining strong communication and relationships with clients and internal teams. You are highly skilled in assessing the most effective collection strategies and implementing recovery solutions, with a keen eye for detail and a commitment to minimizing monetary loss.

If you're looking for a role where you can leverage your expertise in asset recovery to make a significant impact on financial outcomes, this role is a fit for you.

About the Role

As an Asset Recovery Manager, you will manage and review the recovery of distressed assets, including commercial and real estate loans. You'll assess repayment strategies, analyze recovery opportunities, and implement solutions to minimize financial loss. By working closely with clients, attorneys, and internal teams, you'll guide the restructuring of credit and repayment terms to ensure that appropriate workout arrangements are secured.

Your focus will be on identifying effective collection strategies, conducting site inspections, and ensuring compliance with legal and regulatory requirements. Additionally, you'll contribute to the development and maintenance of sound credit policies and oversee the foreclosure sale process and post-judgment collection activities.

If you're looking for a role where your expertise in asset recovery and financial strategy can drive impactful results, this is your opportunity.

What You'll Do

• Analyze and assess assigned problem loans, determining the most effective method for maximizing financial recovery.
• Develop and recommend collection strategies for problem loans and communicate these strategies to relevant stakeholders.
• Negotiate forbearance, settlement agreements, and loan restructurings with clients, attorneys, and internal teams to secure appropriate workout arrangements.
• Issue default and demand letters, monitor compliance with workout terms, and initiate collection activities as needed.
• Conduct site inspections of collateral, manage the disposition process, and ensure proper protection of assets.
• Manage the foreclosure sale process and administer bank-owned property, including coordinating maintenance and insurance coverage.
  
  

What You Bring

• Bachelor's degree in Finance, Accounting, Economics or related field required
• Advanced degree in JD, MBA, or relevant certifications (CFA, CPA, CFE, Paralegal) preferred
• 5–7 years of experience in consumer and commercial loan workout, collection, and recovery
• Strong credit analysis, loan accounting knowledge, and familiarity with workout/liquidation policies
• Deep understanding of legal documentation, bankruptcy processes, and post-judgment collection
• Excellent communication and negotiation skills
• Accurate keyboarding and strong Microsoft skills
• Resolves complex problems through analysis and judgment; develops short- to mid-term strategies impacting business results
  
  
  
  

What We Offer

• Competitive base salary: $121,000 – $194,000, plus strong bonus potential.
• 401(k) plan with employer match.
• Paid parking and transportation benefits.
• Comprehensive health and wellness benefits, including:
• Health savings accounts (HSA)
• Flexible spending accounts (FSA)
• Medical, dental, and vision coverage
• Generous paid time off and bank holidays.
• Access to training and professional development programs.
• Sponsorship and support for obtaining professional certifications.
• A culture of collaboration, continuous improvement, and shared success.
  

Who We Are

At First Western Trust, we're more than just a financial institution—we're a team of forward-thinkers committed to excellence, innovation, and impact. Our culture thrives on teamwork and mutual respect, grounded in the belief that diverse perspectives fuel creativity and help us tackle challenges in fresh, effective ways.

We celebrate each other's successes, welcome new ideas, and take personal ownership in everything we do. A genuine desire to positively impact our clients, communities, and one another drives our work. We meet challenges with a growth mindset, act with urgency and accountability, and constantly strive to raise the bar for ourselves and our clients.

Leadership at First Western means setting an example and fostering a culture of trust, transparency, and respect. Whether you're just beginning your journey or bringing years of experience, you'll find a welcoming community where your contributions are valued and your potential is boundless.

We expect our people to:

• Demand and reward excellence.
• Take action and responsibility.
• Collaborate, communicate openly, and give/receive feedback with trust.
• Go above and beyond to do what's right—always.
  
  

If that sounds like you, you'll fit right in.

Learn more at myfw.com or email Talent.Management@myfw.com.

Equal Opportunity Employer

First Western Trust is proud to be an Equal Opportunity Employer. We are committed to creating a diverse, inclusive, and respectful workplace where every team member is valued and given the opportunity to thrive. We welcome applicants of all backgrounds and experiences and do not discriminate on the basis of race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, veteran status, or any other protected status. For accommodation requests, please contact Talent.Management@myfw.com.

Region A Pay Range

Pay Range

$121,000—$194,000 USD