
Legal Counsel
2 days ago
**About World Business Lenders (WBL)**
World Business Lenders (WBL) provides general purpose short-term real estate collateralized commercial loans to a broad customer base comprised of small and medium sized businesses throughout the United States that lack access to traditional funding.
**WBL is a U.S.based company with a 100% remote workforce.**
The job requires excellent oral and written command of the English language. **_Resumes must be submitted in English. _**
**Requirements**:
- 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
- Other projects or duties as assigned
**Requirements**:
- 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.
- Able to establish and maintain effective work relationships both internally and externally.
**Benefits**
- CONTRACT / CONSULTANCY POSITION
- Compensation: DOE
- 11 Paid Holiday Days per year
- 100% Remote Working
- USD Salary
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