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Legal Analyst (Attorney) - Kolkata , 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 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

$75000 / YEARLY (est.)
min
max
$60000K
$90000K

If an employer mentions a salary or salary range on their job, we display it as an "Employer Estimate". If a job has no salary data, Rise displays an estimate if available.

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

Are you a detail-oriented and proactive Legal Analyst (Attorney) looking to make an impact? Join World Business Lenders (WBL), a leader in providing short-term real estate collateralized commercial loans, where your legal expertise will play a key role in managing non-performing loan portfolios. This remote Contract/Consultant position allows you to work from anywhere while being part of a dynamic and fast-paced team. As a Legal Analyst, you will be responsible for developing, implementing, and monitoring effective collection and loss mitigation strategies for a diverse portfolio of real estate loans. Your responsibilities will extend to conducting thorough financial analyses, managing commercial litigation and foreclosure processes, and collaborating with attorneys and collection agencies to optimize recovery efforts. You will also have the opportunity to engage with customers and negotiate settlement agreements, ensuring that all activities align with our performance standards. All you need is a law degree from a nationally accredited U.S. law school, experience in real estate, and a passion for excellence in a deadline-driven environment. If you're up for the challenge and are ready to thrive in a results-oriented setting while enjoying the freedom of remote work, WBL is ready to welcome you on board!

Frequently Asked Questions (FAQs) for Legal Analyst (Attorney) - Kolkata , India Role at World Business Lenders, LLC
What are the responsibilities of a Legal Analyst (Attorney) at World Business Lenders?

As a Legal Analyst (Attorney) at World Business Lenders, you'll manage a portfolio of non-performing real estate collateralized commercial loans and REO. Your core responsibilities include developing and monitoring collection and loss mitigation strategies, conducting portfolio management, overseeing litigation and foreclosure activities, and negotiating settlement agreements with customers. You'll also conduct analyses of financial positions and maintain detailed reporting on trends and performance.

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What qualifications are needed for the Legal Analyst (Attorney) role at World Business Lenders?

To qualify for the Legal Analyst (Attorney) position at World Business Lenders, candidates ideally have a law degree from a nationally accredited U.S. law school, along with experience in real estate and commercial litigation, bankruptcy, or foreclosure. Strong organizational, analytical, and negotiation skills are essential, as well as fluency in English and proficiency with Microsoft Office applications.

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Is the Legal Analyst (Attorney) position at World Business Lenders fully remote?

Yes, the Legal Analyst (Attorney) position at World Business Lenders is completely remote, offering you the flexibility to work from anywhere. You'll maintain a standard working schedule from 9:00 AM to 6:00 PM Eastern Time, Monday through Friday, allowing for a great work-life balance.

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What should be included in the application for the Legal Analyst (Attorney) position at World Business Lenders?

When applying for the Legal Analyst (Attorney) position at World Business Lenders, ensure your resume is well-organized and written in English. Highlight your law degree, relevant work experience, and specific skills that align with the job requirements, especially in real estate and loss mitigation.

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What is the compensation structure for the Legal Analyst (Attorney) role at World Business Lenders?

The compensation for the Legal Analyst (Attorney) position at World Business Lenders is dependent on experience. Additionally, the role offers 11 paid US holidays per year, providing a competitive benefits package for contracted team members.

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Common Interview Questions for Legal Analyst (Attorney) - Kolkata , India
Can you describe your experience with non-performing loans and asset resolution?

In responding to this question, be specific about your previous roles working on non-performing loans. Highlight your involvement in managing portfolios, implementing collection strategies, and how you approached asset resolution to help improve recoveries.

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How do you prioritize tasks when managing a portfolio of loans?

When answering this question, provide examples of how you organize and prioritize your workload. Discuss your methods for assessing urgency and importance, as well as any tools you use for efficient task management.

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What negotiation strategies do you find most effective in settlement discussions?

Focus on your approach to negotiation by discussing how you prepare, listen actively, and adapt your strategies in real-time. Sharing a successful negotiation story can illustrate your skills effectively.

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How do you stay updated on changes in real estate law and regulations?

Demonstrate your commitment to professional development by mentioning any resources, such as legal journals, seminars, or additional training you pursue to stay informed about real estate law changes and how those might impact your work.

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Describe a time when you had to resolve a conflict with a client or colleague.

When answering, structure your response using the STAR method (Situation, Task, Action, Result). Highlight your approach to listening, understanding perspectives, and negotiating a resolution that benefited all parties involved.

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What software or tools do you use to manage legal cases or portfolios?

Discuss the software you've used and how you leverage technology in your work. Mention any case management, tracking, or reporting tools, as well as your proficiency with Microsoft Office applications.

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How do you measure the success of your loan recovery strategies?

Explain the key performance indicators (KPIs) you track to assess the effectiveness of your recovery strategies, highlighting any data-driven decisions you've made to enhance outcomes.

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What is your approach to preventing losses in a loan portfolio?

Share your strategies for risk management, including diligent monitoring of portfolio health, proactive communication with borrowers, and early identification of at-risk loans to implement timely interventions.

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Can you provide an example of a successful loss mitigation effort you've led?

Select a specific case where you played a crucial role in loss mitigation. Detail the steps you took, how you engaged with stakeholders, and the positive outcome realized from your efforts.

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Why do you want to work as a Legal Analyst (Attorney) for World Business Lenders?

Your response should reflect genuine interest in WBL's mission and values. Articulate how the company's focus on innovative financing aligns with your career goals and professional values, creating a collaborative and impactful work environment.

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EMPLOYMENT TYPE
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DATE POSTED
December 8, 2024

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