Investment Recovery Specialist

Job Purpose: Facilitates the disposition of surplus, obsolete, and retired assets to maximize financial recovery and ensure compliance with organizational policies and regulatory requirements. Identifies opportunities to reclaim value through resale, recycling, redeployment, or scrap, while providing reporting and analytics to support financial stewardship and lifecycle asset management. Primary Functions: Facilitate the identification, evaluation, redeployment, sale, recycling, and disposition of surplus, obsolete, and retired materials, equipment, and other assets to maximize financial recovery and organizational value.Analyze surplus inventory, retired assets, and historical disposition data to identify recovery opportunities and recommend the most advantageous disposition method, including internal redeployment, resale, auction, recycling, or scrap.Serve as the primary point of contact for OUC business units regarding Investment recovery and asset disposition activities, providing guidance on surplus identification, disposition requirements, documentation, and recovery opportunities.Coordinate contracts for recycling services, auctioneers, scrap processors, and other asset recovery vendors; collaborate with assigned Buyers to develop requirements, specifications, and scopes of work for Requests for Proposals (RFPs) and support solicitation and contract administration activities.Prepare Requests for Quotations (RFQs), scopes of work, specifications, and related solicitation documentation necessary to obtain competitive pricing for the sale, recycling, or disposition of surplus assets and materials.Coordinate with OUC Legal, Procurement, Finance, and other appropriate stakeholders to facilitate the review and approval of contractual terms, conditions, and provisions associated with asset recovery and disposition activities.Coordinate and administer contracted scrap and surplus asset sales, including vendor communications, material identification, pricing validation, shipment and pickup coordination, weight and quantity verification, settlement documentation, and revenue tracking.Monitor applicable scrap and commodity market pricing and trends to evaluate vendor pricing, validate recovery values, and support the timing and method of material disposition.Reconcile vendor settlement statements with payments, weights, quantities, sales documentation, and other supporting records; research and resolve discrepancies to ensure the accuracy and completeness of recovery revenues.Generate and maintain financial reports, dashboards, and performance metrics for asset recovery activities, including recovery revenues, recovery value by asset or commodity category, volumes, disposition methods, and historical trends.Support the development of annual budgets, forecasts, and performance targets for Investment recovery revenues and provide periodic reporting of actual performance against established targets.Identify and coordinate opportunities to redeploy surplus materials and assets internally across OUC business units before external disposition, reducing unnecessary purchases and maximizing the useful life and value of existing assets.Collaborate with Materials Demand, Materials Fulfillment, Procurement, Finance, Engineering, Operations, Environmental, Legal, and other stakeholders to ensure surplus and obsolete assets are identified and dispositioned in a timely and appropriate manner.Maintain accurate and complete records of asset disposition activities to support financial reconciliation, audit readiness, internal controls, regulatory requirements, and organizational policies and procedures.Work with other utilities, governmental agencies, and relevant industry organizations to benchmark Investment Recovery programs, identify best practices, and evaluate opportunities for cooperative or joint asset disposition efforts.Identify and implement opportunities to improve and standardize Investment Recovery processes, including asset identification, approval, solicitation, disposition, financial reconciliation, documentation, and reporting.Develop and maintain procedures, guidelines, and reporting tools that provide visibility, accountability, and consistent governance over OUC's Investment Recovery and asset disposition activities.Perform other duties as assigned.