Legal Analyst (Attorney) - Bengaluru, India

About World Business Lenders (www.wbl.com)

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 services its loan portfolio and loan portfolios for third parties, specializing in the management of non-performing loan pools and REO.

WBL is a U.S.-based company with a 100% remote workforce.

This is a remote Contract/Consultant position.

Working hours will be +:00am-6:00pm Eastern Time, Monday through Friday.

The job requires excellent oral and written command of the English language. Resumes must be submitted in English.

Position Overview

In a fast paced, high expectation, results oriented environment, the Asset Resolution Analyst will be responsible for managing a portfolio of non-performing real estate collateralized commercial loans and REO.

Core responsibilities include the development, implementation and monitoring (while working with outside counsel) of appropriate collection, loss mitigation and recovery strategies, weekly reporting and quarterly file analysis.

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
Other projects and duties as assigned


Requirements

Law degree (from a nationally accredited U.S. law school is preferred)
Experience with Real State 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 DOE
11 US Paid Holidays per year Read more