Bankruptcy Recovery Specialist

Requisition ID 2022-29348
Category: Legal/Compliance
Location: US-GA-SAVANNAH
Overview

Bankruptcy Recovery Specialist
Savannah, GA
As a Bankruptcy Recovery Specialist, be part of a sharp, dedicated, and proactive team that provides guidance in interpreting the laws and regulations governing our industry. Our Legal Team Members stay up to date on areas of the law that could impact our organization and work daily to mitigate any potential or actual risks. You’ll play an essential role as a critical contributor in compliance, litigation, corporate initiatives, and other projects, allowing the team to provide the proper counsel for Company executives on business problems and solutions.
Responsibilities

Handle, track, measure, and report on all repossession activity. Receive, review, and approve all post-bankruptcy dismissals for repossession and recoveries. Handle bankruptcy workload by contributing to strategy discussions, reviewing drafts, tracking and ensuring deadlines are timely met, maintaining physical and electronic files, reviewing, evaluating, and devising strategic plans for all litigation cases. Sustain and implement industry best practices and trends specific to Repossession and Recoveries. Ensure efficient and professional resolution of escalated repossession and recovery questions or issues. Coordinates repossession activity to secure collateral as needed to mitigate losses and increase recoveries for the organization.

Manage response to bankruptcy plans, including interpreting plan documents to use independent discretion to determine to file a claim or object to the plan and retain outside counsel.

Oversee and implement payment process for third-party insolvency completion while working across departments to ensure high level of accuracy and efficiency, generating revenue for the company.

Manage bankruptcy related documentation, either manually or electronically, including but not limited to filing of Proof of Claims and Reaffirmations. Required to directly or through referral, coordinate matters involving the disposition of collateral including redemptions, repossessions, and voluntary surrenders, including oversight of related internal and/or external resources. Where appropriate, negotiate on behalf of the company with debtor’s counsel.

Optimize Legal Department functionality by assisting with the development, implementation, and enhancement of department processes, monitoring the progress of short and long-term goals, measuring performance, and ensuring deliverables are executed timely.

Serve as a subject matter expert regarding Chapter 13 and Chapter 7 consumer bankruptcies. Additionally, serve as a point of contact for repossession and recoveries. Aid with various ad hoc requests and special projects to the Legal team, including but not limited to gathering loan documentation for litigation and insolvency filings.

Strategize unified resolutions across all platforms of litigation, complaints, regulatory challenges, field inquiries, and other issues brought to the Legal Department for optimal solutions and prepare responses where appropriate.

Provide guidance on a wide variety of questions/issues from over 1000+ store locations by independently conducting investigations and responding to customer and product-related inquiries. Maintain awareness of and adherence to compliance requirements and expectations, policies, and procedures and apply them to daily tasks. Provide continued support to the remarketing team by directly working with customers and vendors. Deliver a consistent, high level of service.

Demonstrate understanding of critical performance and risk indicators in the Legal and Bankruptcy Department processes and the ability to work independently and escalate issues to management while maintaining strategic and sound judgment.

Develop expert knowledge of Company policies and procedures, business objectives, and customer needs while working litigation, bankruptcy matters, repossession, and recoveries, and recommend and implement continuous improvement when warranted based on analysis of relevant regulations.

Foster effective and positive working relationships with intra and inter-department colleagues, attorneys, Trustees (and third-party vendors) to facilitate a partnered approach to legal case management.

Leverage a working knowledge of local and Federal bankruptcy rules, civil procedures, judicial council forms, and related procedures for filing and concisely communicate verbally and in writing.

Maintain reporting related to Repossession and Recovery programs to monitor the efficiency and effectiveness of the processes and controls and identify risks and trends, while using independent judgment and analysis.
Qualifications
Associate degree OR bachelor’s degree OR the equivalent combination of formal education, training, and related experience with a minimum of 4+ years’ bankruptcy experience or five years working in a law firm.
Ability to think strategically, work independently without specific instruction of prescribed procedures, identify areas of improvement and propose solutions.
Comfortable navigating multiple computer systems and applications, utilizing resources to solve everyday challenges.
Ability to demonstrate professionalism and skill working in a team environment, coordinating workloads, and meeting aggressive and time-sensitive deadlines.
Ability to maintain a full-time work schedule of40-hours per week with regular in-person attendance.
Excellent written and verbal communication skills and strong attention to detail
Expertise in Word, Outlook, and Excel required.
Physical demands for this position frequently include staying stationary, moving about freely inside and outside the office, and operating mechanical controls, such as a keyboard.

Preferred Qualifications
Advanced knowledge of FDCPA, FCRA and bankruptcy policies and procedures.
Proficient with collection system software.
Previous corporate legal department experience with exposure to litigation

Learn More About Us
Check out what’s happening in our Company at https://www.tmxfinancefamily.com/tmx-talks.
The information contained herein is not intended to be an all-inclusive list of the duties and responsibilities of the job, nor is it intended to be an all-inclusive list of the skills and abilities required to do the job. The Company may, at its discretion, revise the job description at any time, and additional functions and requirements may be assigned by supervisors as deemed appropriate. Requirements, skills and abilities included have been determined to illustrate the minimal standards required to successfully perform the position.
All TMX Finance® Family of Companies Are Equal Opportunity Employers.