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

Are you a proactive and detail-oriented legal professional looking to make a significant impact? World Business Lenders (WBL) is seeking a talented Legal Analyst (Attorney) to join our remote team in Pune, India. In this exciting role, you will manage a portfolio of non-performing real estate collateralized commercial loans and real estate owned (REO) properties, paving the way for effective resolutions. Picture yourself working in a fast-paced, results-oriented environment where your skills will be put to the test every day. You'll collaborate with external counsel, collection agencies, and other vendors to establish impactful collection and loss mitigation strategies. Your experience with commercial litigation, bankruptcy, and foreclosure will be invaluable as you interact with customers and negotiate settlement agreements. Additionally, you'll conduct comprehensive analyses of debtors' financial standings, monitor ongoing legal activities, and prepare detailed reports to help your team make informed decisions. This role isn’t just about problem-solving; it allows you to thrive within a dynamic and inclusive company while offering competitive compensation that varies based on experience. Join WBL, where your insights can lead to better business outcomes and help small and medium-sized businesses access the capital they need. If you have a law degree from a nationally accredited U.S. law school, a strong work ethic, and excellent communication skills, we want to hear from you. Embrace this unique opportunity to take your legal expertise to new heights with WBL – where innovation meets financial solutions.

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

At World Business Lenders, a Legal Analyst (Attorney) is responsible for managing a portfolio of non-performing real estate collateralized commercial loans and REO properties. This includes developing and implementing collection and loss mitigation strategies, liaising with outside counsel, negotiating settlement agreements, and conducting financial analyses of debtors. Additionally, you'll monitor litigation and bankruptcy activities while preparing quarterly reports for internal review.

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What qualifications are necessary for the Legal Analyst (Attorney) position at World Business Lenders?

To qualify for the Legal Analyst (Attorney) position at World Business Lenders, candidates should ideally hold a law degree from a nationally accredited U.S. law school. Experience in commercial litigation, bankruptcy, foreclosure, and loss mitigation is required. Strong communication and analytical skills, along with proficiency in Microsoft Office applications, are essential.

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

Yes, the position of Legal Analyst (Attorney) at World Business Lenders is fully remote. You will work from your location, while coordinating with colleagues and clients around the United States through regular communication and reporting, maintaining a standard work schedule of 9:00 AM to 6:00 PM Eastern Time, Monday to Friday.

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What skills are essential for success in the Legal Analyst (Attorney) role at World Business Lenders?

Success as a Legal Analyst (Attorney) at World Business Lenders relies on strong organizational and decision-making skills, along with the ability to negotiate effectively. Analytical reasoning and innovative problem-solving skills will help you assess complex financial situations and contribute positively to the company's goals, while excellent oral and written English fluency is critical for communication.

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What is the work culture like at World Business Lenders for the Legal Analyst (Attorney) role?

World Business Lenders fosters a dynamic and supportive work culture focused on results and innovation. As a Legal Analyst (Attorney), you’ll be part of a remote team that values open communication and collaboration. Everyone is encouraged to thrive even under pressure and contribute to meaningful resolutions that enable small and medium-sized businesses to gain access to crucial financial resources.

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Common Interview Questions for Legal Analyst (Attorney) - Pune, India
How do you manage a portfolio of non-performing loans effectively?

To manage a portfolio of non-performing loans effectively, I focus on proactive communication with all stakeholders, thorough analysis of each case, and swift action on loss mitigation strategies. I ensure to closely monitor payment performance and assess changes in debtor financial situations to adjust our approach when necessary.

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Can you describe your experience with commercial litigation and how it would benefit this role?

I have substantial experience in handling commercial litigation cases, which has equipped me with a thorough understanding of legal procedures and strategies. This experience allows me to engage effectively with outside counsel, manage litigation timelines, and negotiate favorable settlements, all of which would directly benefit my role at World Business Lenders.

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What strategies do you use for negotiating settlement agreements?

In negotiating settlement agreements, I prioritize understanding the interests of all parties involved. I focus on compromise but maintain a clear vision of our goals, ensuring that the settlement is feasible and beneficial for both the client and debtor. Effective communication and demonstrating empathy often lead to better negotiation outcomes.

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Describe how you analyze a debtor's financial position.

Analyzing a debtor's financial position involves collecting comprehensive financial data, evaluating their credit status, and assessing their payment history. I utilize structured frameworks that include ratio analysis and trend assessments to inform my strategy and make data-driven decisions regarding recovery and loss mitigation.

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What is your approach to managing tight deadlines in a high-pressure environment?

My approach to managing tight deadlines in high-pressure environments is to prioritize tasks based on urgency and importance, leveraging time management techniques that help me stay organized. I set clear milestones for myself and ensure regular check-ins with my team to address any potential issues early on.

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How do you ensure compliance with legal regulations in your work?

Ensuring compliance with legal regulations starts with staying up-to-date with the current laws and standards relevant to my role. I regularly engage in professional development and training, consult with legal colleagues, and utilize compliance checklists to ensure that all procedures and practices align with regulatory requirements.

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What tools or software do you use for reporting and analysis?

For reporting and analysis, I predominantly use Microsoft Excel for data organization and analysis, as well as PowerPoint for presenting findings. Additionally, I leverage case management software that allows for comprehensive tracking of portfolio performance, compliance documentation, and case histories to streamline reporting.

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Give an example of a difficult negotiation process and how you resolved it.

In a previous role, I managed a particularly challenging negotiation where the debtor was resistant to settlements. By fostering open communication, I worked to understand their perspective and ultimately proposed a tailored repayment plan that met their needs while still protecting our interests. This led to a successful resolution.

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What motivates you in the role of Legal Analyst (Attorney)?

I am motivated by the prospect of making a tangible difference in the lives of businesses and individuals struggling with financial burdens. Knowing that my work as a Legal Analyst (Attorney) at World Business Lenders can support recovery and access to financing drives my passion for this role.

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How would you respond to a client's legal concerns while maintaining a positive relationship?

When addressing a client's legal concerns, I focus on active listening and empathy to truly understand their worries. I always strive to provide clear, honest explanations of their legal standing and available options, reinforcing that our goal is to work together toward a satisfactory resolution. Communication is key to maintaining a positive relationship.

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Contract, remote
DATE POSTED
December 8, 2024

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