Head of Asset Recovery
TBG | The Bachrach Group · Greenwich, CT · 1 wk ago
Business Development$130k–$150k/yrFull-time
Greenwich, CT – in-office role reporting to the President & COO.
About the role
Leads end-to-end resolution of problem loans for a private-credit SME lender. Responsibilities include:
- Developing and executing recovery strategies (restructure, settlement, liquidation, exit)
- Forensic borrower and guarantor financial analysis
- Workout negotiation and documentation
- Collateral valuation and liquidation
- Collections litigation and post-judgment actions
- Portfolio and impairment reporting
Partners with Legal, Credit/Loan Policy, Loan Operations, and Compliance; leads the asset recovery department (Customer Service & Collections).
Requirements
- 7+ years of commercial loan workout, asset recovery, or SME lending experience (C&I, ABL, short-term commercial credit)
- 5–7 years of commercial underwriting experience (asset-backed structures, UCC-1 filings, borrowing base monitoring)
- Strong grasp of UCC Article 9, commercial collections, guarantor liability, and Chapter 7/11 bankruptcy
- Advanced Excel skills
- Bachelor’s degree in Business or Finance
Formal bank credit training preferred; CTP or paralegal certification a plus.
Pay
$130K–$150K