🪄 Skills: Microsoft OfficeMS OfficeNegotiation skillsFinancial analysisEnglish communication
Requirements:
Law degree or Finance degree or Business Administration degree
Experience with Real State preferred
Experience working in commercial litigation/bankruptcy/foreclosure/loss mitigation 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
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