Job details

Asset Resolution Analyst (Attorney) - Kolkata

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 9:00am-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

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

CONTRACT/CONSULTANCY POSITION
Compensation DOE
11 US Paid Holidays per year

Average salary estimate

$100000 / YEARLY (est.)

min

max

$80000K

$120000K

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What You Should Know About Asset Resolution Analyst (Attorney) - Kolkata, World Business Lenders, LLC

Are you a driven legal mind with a knack for resolving complex asset issues? Join World Business Lenders (WBL) as an Asset Resolution Analyst (Attorney) and become an integral part of our remote team! At WBL, we specialize in providing short-term real estate collateralized commercial loans to small and medium-sized businesses across the U.S. that may find it challenging to secure traditional funding. In this role, you will manage a portfolio of non-performing loans and REO, developing, implementing, and monitoring effective collection and recovery strategies in collaboration with outside counsel. You'll enjoy the flexibility of working from anywhere while adhering to a schedule that suits your lifestyle, with working hours from 9 AM to 6 PM Eastern Time. Your daily tasks will include monitoring litigation and foreclosure activities, liaising with attorneys, and analyzing the financial health and credit statuses of our clients. This position is perfect for those with a solid background in commercial litigation, bankruptcy, and foreclosure, coupled with top-notch negotiation and analytical skills. If you possess a law degree and have experience in real estate, WBL would love to have you onboard to make impactful decisions in a dynamic and fast-paced environment. You’ll also receive generous compensation commensurate with your experience, along with 11 paid holidays. Don’t miss this opportunity to work with a dedicated team shaping the future of finance!

Frequently Asked Questions (FAQs) for Asset Resolution Analyst (Attorney) - Kolkata Role at World Business Lenders, LLC

What responsibilities do Asset Resolution Analysts at World Business Lenders have?

As an Asset Resolution Analyst at World Business Lenders, your key responsibilities will include managing a portfolio of non-performing loans, conducting portfolio management, monitoring litigation processes, directing collaborations with attorneys and collection agencies, and preparing settlement agreements. You'll also analyze the financial positions of debtors and assess recovery estimates throughout your engagement.