Business Asset Recovery Specialist

4 days ago


Kolkata, West Bengal, India World Business Lenders, LLC Full time
Job Title: Business Asset Recovery Specialist

About World Business Lenders, LLC (www.wbl.com)

We provide general-purpose short-term real estate collateralized commercial loans to small and medium-sized businesses in the United States.

This is a remote Contract/Consultant position. Working hours will be 9:00am-6:00pm Eastern Time, Monday through Friday.

Job 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.
Requirements:
  • Law degree (from a nationally accredited U.S. law school is preferred).
  • Experience with Real Estate required.
  • Experience working in commercial litigation/bankruptcy/foreclosure/loss mitigation required.
  • 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.
Benefits:
  • CONTRACT/CONSULTANCY POSITION.
  • Compensation: $80,000 - $110,000 per year (dependent on experience).
  • 11 US Paid Holidays per year.


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