Senior Recovery Specialist- Rancho Cucamonga, CA

Who We Are:
Crossroads Equipment Lease & Finance, LLC, is a wholly owned subsidiary of the Velocity Vehicle group, one of California’s largest commercial vehicle dealers. Established in 2006, and based in Rancho Cucamonga, California, Crossroads engages in the business of commercial medium and heavy-duty truck financing and leasing. We offer operating and finance leasing as well as direct financing to our commercial customers. Crossroads has experienced dynamic growth, expanding our portfolio and developing relationships with transportation companies that have locations outside the state of California, expanding our finance products to all states to service these customers.

What’s in it for You:
Crossroads is a fast paced and growing organization that is looking for candidates that are ready for a daily challenge and cannot wait to provide superior customer service both internally and externally. VVG offers fantastic Culture as well as competitive pay, 401K W/Match, Medical, Dental, & Vision benefits.
What You’ll Do:
We are seeking a results-driven professional with strong communication and negotiation skills to join our team as a Senior Recovery Specialist. The ideal candidate will have expertise in managing distressed commercial loan and lease contracts, with a focus on the transportation industry. This role requires a strategic thinker with advanced analytical and organizational skills, capable of thriving in a fast-paced, demanding environment.
Job Duties:
• Manage a portfolio of distressed commercial transportation loan and lease contracts, focusing on optimizing recovery and minimizing losses.
• Lead resolution efforts for delinquency matters, ensuring timely reporting and compliance with company policies.
• Utilize skip tracing tools and investigative techniques to locate missing commercial transportation equipment.
• Research and analyze data from multiple sources, including GPS tracking, financial records, public databases, and industry contacts.
• Develop strategies for locating and securing assets while ensuring compliance with legal and regulatory guidelines.
• Collaborate with Risk Management and Equipment Management teams to handle high value litigation and bankruptcy matters related to transportation assets.
• Retain and manage outside counsel for legal and bankruptcy cases, including setting budgets and approving attorney bills.
• Draft and issue legal documents such as Reservation of Rights notices, Default notices, and Forbearance Agreements.
• Represent the company in court for mediation, replevin, or contested matters as needed.
• Analyze financial and collateral information of defaulted credits for restructuring or forbearance agreements, with a focus on transportation industry specifics.
• Prepare and distribute monthly collection reports.
• Collaborate with internal departments to ensure effective resolution of complex transportation finance cases.
Required Skills and Qualifications:
• Strong proficiency with skip tracing tools, databases, and investigative research methods.
• Strong negotiation and settlement resolution skills.
• Excellent analytical and problem-solving abilities.
• Proven track record of meeting or exceeding recovery targets in commercial finance industry.
• Ability to work independently with minimal supervision.
• Strong communication skills, both written and verbal.
• Proficiency in Excel.
Preferred Qualifications:
• Experience in commercial transportation finance or leasing.
• Knowledge of transportation industry trends and challenges.
Compensation:
• $75,000-$80,000 annually depending on skills and experience
Benefits Crossroads Offers:
• Fantastic Culture
• 401k + match
• Health, Dental & Vision Insurance + HSA & FSA
• Employer paid Life Insurance
• Paid Vacation Days
• Sick Leave
• Company perks such as employee discounts, company events and training programs
• Excellent Training and Career Advancement Opportunities

Crossroads Equipment Lease & Finance, LLC is an equal opportunity employer. Crossroads prohibits discrimination and harassment of any type and affords equal employment opportunities to employees and applicants without regard to race, color, religion, sex, sexual orientation, gender identity or expression, pregnancy, age, national origin, disability status, genetic information, protected veteran status, or any other characteristic protected by law.