What are the responsibilities and job description for the Bankruptcy Accounts Specialist position at INSPYR Solutions?
Title: Bankruptcy Accounts Specialist
Location: Vienna, VA (HYBRID)
Duration: (INSERT Duration)
Work Requirements: US Citizen, GC Holders or Authorized to Work in the U.S.
Bankruptcy Accounts Specialist - NFCUJP00016385
To maximize recovery of bankrupt accounts through negotiation, reaffirmation, legal proceedings, fraud detection and collection efforts. Serve as liaison for OGC and outside legal counsel on bankruptcy litigation or adversary complaints. Provide specialized servicing of charged-off mortgage loans. Serve as subject matter expert regarding section functions, systems, policies and/or procedures.
Responsibilities:
- Analyze accounts included in the bankruptcy for potential abuse and/or fraud to determine if litigation is warranted to protect our client's interest and reduce financial loss
- Monitor attorneys assigned to accounts to determine status of litigation; advise attorneys of any legal issues and their impact on our client
- Process and distribute time sensitive legal documents, notification of suits against our client, Cease and Desist for both filer and non-filer, and third-party communications to ensure compliance with Bankruptcy Laws to minimize the risk of litigation
- Review bankruptcy docket report and analyze accompanying schedules with emphasis on Statement of Intent for Chapter 7, and Plan information for Chapter13 to determine the impact on our client
- Communicate with attorneys and trustees, members, agents, title companies and various third-party and internal/external groups regarding bankruptcy
- Negotiate attorney fees and recommend approval to Supervisor
- Analyze Chapter 7, 11 and 13 bankruptcy filings to determine the potential for asset recovery
- Initiate the appropriate course of action for asset recovery based on collateral, cross collateral potential, and non-filing parties in accordance with State repossession laws
- Represent or retain outside legal counsel to represent our client at court proceedings
- Manage legal notifications (e.g., Mechanic's Liens, Adversary Complaints, Lift of Stay, Motions to Avoid Lien, Motions to Value, Judgment Liens, and Plan Confirmation, etc.), and determine appropriate course of action
- Negotiate Short Sale request, settlement, and reaffirmation based on the bankruptcy disposition Process charged-off bankruptcy impaired equity loans; facilitate Proof of Claims and review motions
- Monitor bankruptcy progression for adherence of repayment and update our client's systems to ensure accurate reporting
- Pursue fraud cases through the court system for Non-Discharge and Objections to Discharge
- Evaluate bankruptcy cases and determine collateral market values; file Proof of Claim with the appropriate court on all asset cases
- Maintain knowledge of and ensure compliance with applicable federal and state laws, rules, regulations and our client's policies and procedures
- Assist with reviewing escalated member issues and with determining the appropriate course of action to resolve issues
- Perform other duties as assigned
- Working knowledge of applicable federal and state laws, rules and regulations
- Experience in financial counseling, negotiating, and explaining decisions to members
- Experience in financial transaction/processing related responsibilities
- Ability to work independently and in a team environment
- Experience working with all levels of staff, management, stakeholders, vendors
- Experience interacting with attorneys, courts, or trustees
- Ability to comprehend, analyze, interpret, communicate and apply government and financial industry regulations, related principles and practices, and company instructions, procedures, and policies
- Ability to maintain confidentiality and demonstrate integrity
- Desired - Familiarity with the systems and software used by the Lending Collection's Division
- Desired - Familiarity with our client's functions, philosophy, operations and organizational objectives
- Desired - Familiarity with our client's products, services, processes, policies and procedures
- Effective skill exercising initiative and using good judgment to make sound decisions
- Effective skill following, interpreting and applying relevant data/instructions to guidelines, procedures, practices and regulations
- Effective member/customer service skills
- Effective skill interacting tactfully and effectively in difficult situations
- Effective research, analytical, and problem-solving skills
- Effective skill building effective relationships through rapport, trust, diplomacy and tact
- Effective skill assimilating information, analyzing facts, and developing logical conclusions
- Effective organizational, planning and time management skills
- Effective skill to influence, negotiate and persuade to reach agreeable exchange and positive outcomes
- Effective verbal and written communication skills
- Effective database, word processing, and spreadsheet software skills
- Desired - College level courses with concentration in Accounting, Finance, Business, or related field
- Shift: 8:00am - 4:30pm EST, report to campus for 2 days. Monday thru Friday.
- Overtime is not approved for this role.
Our benefits package includes:
- Comprehensive medical benefits
- Competitive pay
- 401(k) retirement plan
- …and much more!
About INSPYR Solutions
Technology is our focus and quality is our commitment. As a national expert in delivering flexible technology and talent solutions, we strategically align industry and technical expertise with our clients’ business objectives and cultural needs. Our solutions are tailored to each client and include a wide variety of professional services, project, and talent solutions. By always striving for excellence and focusing on the human aspect of our business, we work seamlessly with our talent and clients to match the right solutions to the right opportunities. Learn more about us at inspyrsolutions.com.
INSPYR Solutions provides Equal Employment Opportunities (EEO) to all employees and applicants for employment without regard to race, color, religion, sex, national origin, age, disability, or genetics. In addition to federal law requirements, INSPYR Solutions complies with applicable state and local laws governing nondiscrimination in employment in every location in which the company has facilities.
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