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Bankruptcy Specialist
Ref No.: 19-05992
Location: Southington, Connecticut
Pay Rate : $ 32.00 - 32.00 /Hour
Title: Bankruptcy Specialist
Hours: 8:30 -5:00 PM
Payrate: $32/hr
Location: Southington CT
Interview: in-person

If you are looking for a rewarding career this is an exciting opportunity to work for a reputable bank that focuses on helping customers achieve financial goals by understanding needs & providing personalized solutions.While empowering you to build the meaningful career you've been looking for!

Job Description 
The righ candidate will manage a portfolio of consumer Bankruptcy loans, taking timely & appropriate actions in accordance with Bank policy and procedure and Investor/Insurer Guidelines, as applicable. They will file timely, accurate Proofs of Claim, monitor payments and case activity, consulting with assigned counsel as necessary to protect the interest of the Bank.

  • Monitor daily Service of Process activity for bankruptcy related notices.
  • Promptly code loans on ALS, MSP and PM, as bankruptcy milestones occur
  • Strategically action Chapter 7, 11, 12 and 13 accounts in accordance with federal and state law, bank policy and investor/insurer guidelines as appropriate.
  • Ensure Investor and Insurer delinquency reporting
  • Ensure accurate and timely Credit Bureau Reporting for loans in bankruptcy
  • Assign legal counsel as required by investor, insurer or bank policy
  • Provide accurate data and ensure timely filing of Proofs of Claims, Motions for Relief or other filings necessary to protect the Bank's asset.
  • Prepare accurate and timely communications to the borrower, debtor's counsel and the bankruptcy court as required by internal policy and procedure, regulation and/ or Investor and Insurer guidelines.
  • Monitor proposed debtor plans, ensuring that tour debt is accurately reflected and that the system of record is updated as appropriate.
  • Where applicable, make accurate and timely recommendations for changes to the accrual, charge off or Troubled Debt Restructure status of the loans.
  • Manage documentation to ensure files are properly organized and scanned to ONBASE for long term retention following applicable milestones in the bankruptcy process.
  • Prepare documents for periodic audits, exams or reviews by internal of external parties.
  • Assist R & R Bankruptcy Manager with other projects and initiatives as required
  • 1- 4 years related experience in either consumer collections, loss mitigation, legal specialist/paralegal 
  • Related experience working with bankruptcy cases preferred
  • Experience with ALS or MSP core lending or Black Knight Loan Sphere preferred
  • High School Diploma required, Bachelors Degree preferred