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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.

Responsibilities
 
  • 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
Qualifications 
  • 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