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