Bankruptcy Accounts Specialist - Hybrid

CC Pace Systems•Pensacola, FL

9d•Hybrid

About The Position

This position maximizes recovery of bankrupt accounts through negotiation, reaffirmation, legal proceedings, fraud detection, and collection efforts. The specialist serves as liaison for OGC and outside legal counsel on bankruptcy litigation or adversary complaints, provides specialized servicing of charged-off mortgage loans, and functions as a subject matter expert regarding departmental functions, systems, policies, and procedures.

Requirements

Working knowledge of applicable federal and state laws, rules, and regulations
Experience in financial counseling, negotiating, and explaining decisions to members
Experience in financial transaction/processing related responsibilities
Ability to work independently and in a team environment
Experience working with all levels of staff, management, stakeholders, and vendors
Experience interacting with attorneys, courts, or trustees
Ability to comprehend, analyze, interpret, communicate, and apply government and financial industry regulations, related principles and practices, and company instructions, procedures, and policies
Ability to maintain confidentiality and demonstrate integrity
Effective skill exercising initiative and using good judgment to make sound decisions
Effective skill following, interpreting, and applying relevant data/instructions to guidelines, procedures, practices, and regulations
Effective member/customer service skills
Effective skill interacting tactfully in difficult situations
Strong research, analytical, and problem-solving skills
Ability to build effective relationships through rapport, trust, diplomacy, and tact
Skill in assimilating information, analyzing facts, and developing logical conclusions
Strong organizational, planning, and time management skills
Ability to influence, negotiate, and persuade to reach agreeable exchange and positive outcomes
Effective verbal and written communication skills
Proficiency with database, word processing, and spreadsheet software

Nice To Haves

Familiarity with the systems and software used by the Lending Collection's Division
College level courses with concentration in Accounting, Finance, Business, or related field

Responsibilities

Analyze accounts included in bankruptcy for potential abuse and/or fraud to determine if litigation is warranted to protect our client's interest and reduce financial loss
Monitor attorneys assigned to accounts to determine status of litigation; advise attorneys of legal issues and their impact on our client
Process and distribute time-sensitive legal documents, notification of suits against our client, Cease and Desist for both filer and non-filer, and third party communications to ensure compliance with Bankruptcy Laws to minimize litigation risk
Review bankruptcy docket reports and analyze accompanying schedules with emphasis on Statement of Intent for Chapter 7, and Plan information for Chapter 13 to determine impact on our client
Communicate with attorneys, trustees, members, agents, title companies, and various third-party and internal/external groups regarding bankruptcy matters
Negotiate attorney fees and recommend approval to Supervisor
Analyze Chapter 7, 11, and 13 bankruptcy filings to determine potential for asset recovery
Initiate appropriate course of action for asset recovery based on collateral, cross-collateral potential, and non-filing parties in accordance with State repossession laws
Represent or retain outside legal counsel to represent our client at court proceedings
Manage legal notifications (e.g., Mechanic's Liens, Adversary Complaints, Lift of Stay, Motions to Avoid Lien, Motions to Value, Judgment Liens, and Plan Confirmation), and determine appropriate course of action
Negotiate Short Sale requests, settlements, and reaffirmations based on bankruptcy disposition
Process charged-off bankruptcy impaired equity loans; facilitate Proof of Claims and review motions
Monitor bankruptcy progression for adherence of repayment and update systems to ensure accurate reporting
Pursue fraud cases through the court system for Non-Discharge and Objections to Discharge
Evaluate bankruptcy cases and determine collateral market values; file Proof of Claim with the appropriate court on all asset cases
Maintain knowledge of and ensure compliance with applicable federal and state laws, rules, regulations, policies, and procedures
Assist with reviewing escalated member issues and determining appropriate course of action to resolve issues