Collections - Special Assets (Legal)

Description

Summary

The successful candidate will be able to manage assigned assets using established policies and procedures to manage risk while maximizing return.  The candidate will be responsible for partnering attorneys, appraisers, participants, internal staff and others to resolve matters of significance. 

This position is considered to be in-person at our offices located in Celebration, FL with the possibility of a hybrid work schedule in the future. 

Responsibilities

• Assess recovery and risk attributes of managed assets.
• Contact borrowers and others to obtain any information needed for past due loans.
• Reports on status of each loan or portfolio managed to supervisor.
• Administer relations nationwide with attorneys, collections specialists, and other outside personnel working on managed assets.
• Manage assigned assets to maximize recovery within the constraints of the existing legal and economic parameters.
• Interact with attorneys, appraisers, participants, bank staff and others to collect loans or liquidate collateral.
• Prepare demand letters, pleadings and agreements using Legal Department forms.
• Work closely with General Counsel and business leaders to identify and implement strategies for recovery of loans.
• Follow up by phone and email with borrowers and account debtors regarding demand letters and defaulted loans.
• Assist with negotiation of monetary resolutions with clients, account debtors and third parties. 
• Research account and asset information necessary to collect. 
• Provide prompt and responsive direction to operational personnel while handling multiple issues in a deadline-intensive environments.

Requirements

Skills/Experience/Education

• High school diploma or equivalency required; Bachelor’s Degree preferred.
• 3+ years related work experience in legal department of a financial institution or law firm representing financial institutions, preferred.
• 3+ years of experience in collections and management of troubled assets, preferred.
• Strong analytical skills, problem solving and negotiation skills are required.
• Must be performance driven and flexible.
• Accustomed to detail reporting within legal, accounting & regulatory guidelines.
• Litigation experience and knowledge of consumer protection laws is a plus.

Essential Mental & Physical Requirements

• Ability to travel if required to perform the essential job functions. 
• Ability to work under stress and meet deadlines.
• Ability to read and interpret a document if required to perform the essential job functions.
• Prolonged periods of sitting at a desk and working on a computer may be required.
• Ability to lift/move/carry approximately 15 pounds if required to perform the essential job functions. If the employee is unable to lift/move/carry this weight and can be accommodated without causing the department/division any “undue hardship” then the employee must be accommodated; hence omitting lifting/moving/carrying as a physical requirement.

Gulf Coast Bank & Trust Company and its subsidiaries is committed to a diverse and inclusive workforce. We are committed to equal employment opportunities without regard to race, color, genetic information, religion, sex, affectional or sexual orientation, gender identity or expression, age, marital status, military and veteran status, physical and mental disability, and any other characteristic protected by applicable law. We believe in attracting, retaining, and promoting quality talent and recognize that our diversity is critical to the success of the company.