Portfolio Recovery Specialist

4 days ago


Mumbai, Maharashtra, India World Business Lenders, LLC Full time
Company Overview
World Business Lenders, LLC is a U.S.-based company providing short-term real estate collateralized commercial loans to small and medium-sized businesses throughout the United States.

Job Description
As a Contract / Consultancy Position, we are seeking an experienced Portfolio Recovery Specialist to join our team. This role involves managing a large portfolio of non-performing real estate collateralized commercial loans, including REO. You will be responsible for supervising Asset Resolution/Collections/REO Department staff, analyzing loan, borrower, and guarantor characteristics, consulting with local counsel to develop recovery strategies, and achieving optimal resolutions.

Key Responsibilities:
  • Manage and monitor a non-performing real estate collateralized commercial loan portfolio, including REO.
  • Conduct proactive and effective portfolio management in accordance with established performance standards.
  • Prepare annual collection budget.
  • Hire, supervise, train, and develop Asset Resolution/Collections/REO Department staff.
  • Case assignment and workload balancing among staff.
  • Review/develop collection strategy recommendations.
  • Oversee collection process.
  • Reviewed pleadings.
  • Manage case settlement process; propose offers/counteroffers.
  • Oversee management of REO portfolio.
  • Monitor and approve timely payment of REO related expenses (taxes, maintenance, utilities, fees, etc.).
  • Approve listing agreements and monitor broker performance.
  • Manage sale process; propose offers/counteroffers/bidding instructions.
  • Perform extensive quarterly review of all defaulted assets to confirm or reassess recovery estimate and report any factors projected to impact P&L/Balance Sheet.
  • Perform advanced statistical analysis of portfolio default trends and a comparative analysis of the static pool v. dynamic pool progression.


Requirements and Qualifications:
  • Previous experience in legal billing is mandatory, preferably in the US.
  • Degree in Law, Business Administration, or Finance.
  • Experience supervising/developing/mentoring a case management staff.
  • Timely management of case loads.
  • US Legal and/or Real Estate experience strongly preferred.
  • Strong analytical skills and an innovative approach to solving both practical and theoretical problems.
  • Excellent organizational, communication (both written and verbal) and computer skills.
  • Able to work in a fast-paced, deadline-driven environment and handle multiple projects simultaneously.
  • Detail-oriented and resourceful with excellent follow-through skills.
  • Proficient in all Microsoft Office, Power BI, and Adobe applications.
  • Able to establish and maintain effective work relationships both internally and externally.


Benefits:
  • Contract / Consultancy Position.
  • Estimated salary: $100,000 - $150,000 per year, depending on experience.
  • 11 Paid Holiday Days per year.
  • 100% Remote Working.
  • USD Salary.


The estimated salary range is based on industry standards and the candidate's level of experience.
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