Asset Resolution Analyst

Summary

Join World Business Lenders (WBL) as an Asset Resolution Analyst and manage a portfolio of non-performing real estate collateralized commercial loans and REO. This is a remote contract/consultant position requiring excellent communication skills and proficiency in Microsoft Office applications. You will develop and implement collection, loss mitigation, and recovery strategies, working with outside counsel and various vendors. The role involves monitoring litigation, bankruptcy, and foreclosure activities, negotiating settlements, and preparing reports. The position demands strong analytical, organizational, and negotiation skills, with a focus on efficient and effective portfolio resolution. WBL offers 11 paid US holidays per year and compensation based on experience.

Requirements

• Excellent English fluency and communication skills, both written and verbal
• Proficiency in all Microsoft Office applications
• You must have your own laptop or desktop to use (the company does not supply equipment)

Responsibilities

• Manage and monitor a non-performing real estate collateralized commercial loan portfolio, including REO, toward most effective and efficient resolution
• Conduct proactive and effective portfolio management in accordance with established performance standards
• Monitor and manage commercial litigation/bankruptcy/foreclosure activities, functions and deadlines
• Direct/monitor/liaise with in-house and outside attorneys, collection agencies and other vendors that support the loss mitigation effort
• Interact with customers and their counsel
• Negotiate and prepare settlement agreements
• Prepare bidding instructions
• Monitor loss mitigation workout performance and loss severity trends
• Implement and communicate loss mitigation decisions
• Maintain delinquency and loss mitigation reporting, including trend analysis and assessment
• Conduct comprehensive analysis of debtors' financial position, credit status, personal background, and historical payment performance
• Facilitate negotiation and conflict resolution
• Perform extensive quarterly review of portfolio being managed to confirm or reassess recovery estimates
• Monitor related expenses (taxes, maintenance, utilities, fees, etc.) and timely propose protective advances
• Assist in budget preparation for the Asset Resolution Department
• Other projects and duties as assigned

Preferred Qualifications

• Law degree (from a nationally accredited U.S. law school is preferred)
• Experience working in commercial litigation/bankruptcy/foreclosure/loss mitigation strongly preferred
• Strong organization, decision-making and negotiation skills
• Demonstrated analytical and reasoning skills, and innovative approach to solving both practical and theoretical problems

Benefits

• 11 US Paid Holidays per year
• Compensation DOE