Remote Asset Resolution Team Lead (Attorney)

Summary

The job is for a remote Asset Resolution Analyst at World Business Lenders (WBL), a U.S.-based company that provides short-term commercial loans. The analyst will manage a non-performing loan portfolio and REO, working 9:00am-6:00pm Eastern Time, Monday through Friday.

Requirements

• 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
• Proficiency in all Microsoft Office applications
• Strong work ethic with ability to thrive in a dynamic, deadline-driven environment
• You must have your own laptop or desktop to use (the company does not supply equipment)
• Excellent English fluency and communication skills, both written and verbal

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

Benefits

• Compensation DOE
• 11 US Paid Holidays per year