Legal & Debt Resolution Support Specialist

Mitsubishi HC Capital America Inc•Itasca, IL

3h•$69,000 - $77,000•Hybrid

About The Position

The organization is seeking a motivated and experienced portfolio management professional, skilled in late-stage collections and recovery activities. The Legal and Debt Resolution Specialist responsibilities include (but are not limited to) collection of delinquent accounts through phone/written correspondence, skip-tracing, pre-litigation account escalation, and submittal of legal recommendations as warranted. The incumbent also ensures effective coordination with internal teams such as Debt and Asset Recovery as well as external collection agencies and attorneys. The ideal candidate must be a critical thinker, team player, solution oriented, focused, and possess strong time management, multitasking, and negotiating skills. The incumbent accepts the responsibility for establishing and maintaining the internal control system associated with the essential duties and responsibilities of the functional areas that the incumbent manages.

Requirements

Solid working knowledge of MS Excel and MS Word preferred
3 years paralegal, collections and workout experience (commercial preferred)
1-2 years of equipment finance leasing and lending experience preferred but not required
College degree preferred but not required

Nice To Haves

Bilingual in English & Spanish a plus

Responsibilities

Handle certain departmental functions such as filing proof of claims in bankruptcy cases, clear conflicts with outside counsel on new matters, proofread legal documents, and monitor and track bankruptcy filings and legal notices
Communicate effectively and professionally with attorneys, trustees, and internal departments
Conduct extensive skip-tracing in efforts to locate obligors, secure payment, and cure defaults
Assist with payment and invoice processing
Document all legal updates from outside agencies and law firms to ensure tracking and reporting accuracy
Work closely with outside legal agencies and collection firms, serving as liaison, forwarding new placements, following for status updates, etc.
Interface with collections, asset management, and other departments to determine appropriate action on customer accounts
Assist in deficiency collections, supporting post-charge off recovery goals and objectives
Prepare and present account status reports to management upon request
Make next-step recommendations to management team including litigation, abandonment, and charging off
Seek workout and repayment opportunities with obligors; working with customers to restructure, reschedule, reschedule, or extend payments.
Conduct routine audits of external efforts; routinely seek updates from partners
Ensure compliance with laws and internal policies
Participate in continuous improvement initiatives for processes and policies
Handle any miscellaneous duties as assigned.