How To Become An Asset Recovery Specialist: What It Is and Career Path

What is an asset recovery specialist and how to become one

Updated January 8, 2025

3 min read

There is more than meets the eye when it comes to being an asset recovery specialist. For example, did you know that they make an average of $27.74 an hour? That's $57,707 a year! Between 2018 and 2028, the career is expected to grow -8% and produce -17,500 job opportunities across the U.S.

ScoreAsset Recovery SpecialistUS Average

Salary

4.5

Avg. Salary $57,707

Avg. Salary $59,228

Stability level

7.9

Growth rate -8%

Growth rate 0.3%

Diversity

5.8

Race

American Indian and Alaska Native 0.49%

Asian 3.69%

Black or African American 11.59%

Hispanic or Latino 17.05%

Unknown 4.07%

White 63.12%

Gender

female 44.86%

male 55.14%

Age - 46

Race

American Indian and Alaska Native 3.00%

Asian 7.00%

Black or African American 14.00%

Hispanic or Latino 19.00%

White 57.00%

Gender

female 47.00%

male 53.00%

Age - 46

Stress level

7.9

Stress level is high

7.1 - high

Complexity level

4.9

Complexity level is intermediate

7 - challenging

Work life balance

7.6

Work life balance is good

6.4 - fair

Key steps to become an asset recovery specialist

Explore asset recovery specialist education requirements

Most common asset recovery specialist degrees

Bachelor's

46.2 %

Associate

23.1 %

High School Diploma

15.7 %

Start to develop specific asset recovery specialist skills

Skills	Percentages
Asset Recovery	19.19%
Inbound Calls	10.77%
Outbound Calls	9.91%
Customer Service	8.42%
Foreclosure	7.18%

Complete relevant asset recovery specialist training and internships

Accountants spend an average of 1-3 months on post-employment, on-the-job training. New asset recovery specialists learn the skills and techniques required for their job and employer during this time. The chart below shows how long it takes to gain competency as an asset recovery specialist based on U.S. Bureau of Labor Statistics data and data from real asset recovery specialist resumes.

Research asset recovery specialist duties and responsibilities

Manage university A/R processes and enforce tuition payment policy.
Handle sensitive information given according to FDCPA regulations and standards.
Create negotiation strategies that help increase revenue by reducing losses on third-party settlement transactions.
Submit additional information request by insurance companies such as medical records, primary/secondary insurance explanation of benefits (EOB).

Prepare your asset recovery specialist resume

When your background is strong enough, you can start writing your asset recovery specialist resume.

You can use Zippia's AI resume builder to make the resume writing process easier while also making sure that you include key information that hiring managers expect to see on an asset recovery specialist resume. You'll find resume tips and examples of skills, responsibilities, and summaries, all provided by Zippi, your career sidekick.

Choose from 10+ customizable asset recovery specialist resume templates

Build a professional asset recovery specialist resume in minutes. Browse through our resume examples to identify the best way to word your resume. Then choose from 10+ resume templates to create your asset recovery specialist resume.