Asset Resolution Counsel

Summary

Join World Business Lenders (WBL), a 100% remote company, as an Asset Resolution Counsel. You will manage a large portfolio of non-performing real estate collateralized commercial loans and REO, supervise staff, analyze loan and borrower characteristics, and develop recovery strategies with local counsel. This fast-paced role requires strong analytical, legal, and communication skills, along with experience in legal billing and supervising a case management team. The position offers a competitive salary, 11 paid holidays, and a fully remote work environment. Candidates should possess expertise in financial analysis, legal pleadings, and demonstrated leadership abilities.

Requirements

• Previous experience in legal billing is mandatory, preferably in the US
• Degree in Law, Business Administration, or Finance
• Experience supervising/developing/mentoring a case management staff
• Timely management of case loads
• Strong analytical skills and an innovative approach to solving both practical and theoretical problems
• Excellent organizational, communication (both written and verbal) and computer skills
• Able to work in a fast-paced, deadline-driven environment and handle multiple projects simultaneously
• Detail-oriented and resourceful with excellent follow-through skills
• Proficient in all Microsoft Office, Power BI and Adobe applications
• Able to establish and maintain effective work relationships both internally and externally

Responsibilities

• Manage and monitor a non-performing real estate collateralized commercial loan portfolio, including REO
• Conduct proactive and effective portfolio management in accordance with established performance standards
• Prepare annual collection budget
• Hire, supervise, train and develop Asset Resolution/Collections/REO Department staff
• Case assignment and workload balancing among staff
• Review/develop collection strategy recommendations
• Oversee collection process
• Reviewed pleadings
• Manage case settlement process; propose offers/counteroffers
• Oversee management of REO portfolio
• Monitor and approve timely payment of REO related expenses (taxes, maintenance, utilities, fees, etc.)
• Approve listing agreements and monitor broker performance
• Manage sale process; propose offers/counteroffers/bidding instructions
• Perform extensive quarterly review of all defaulted assets to confirm or reassess recovery estimate and report any factors projected to impact P&L/Balance Sheet
• Perform advanced statistical analysis of portfolio default trends and a comparative analysis of the static pool v. dynamic pool progression
• Other projects or duties as assigned

Preferred Qualifications

US Legal and/or Real Estate experience strongly preferred

Benefits

• 11 Paid Holiday Days per year
• 100% Remote Working