Credit Bankruptcy Officer

Job Description

Job Summary

The Credit Bankruptcy Officer is responsible for coordinating, monitoring and analyzing loans when a borrower files a bankruptcy petition.

Essential Functions

• Ensure integrity of loan documentation

• Review loan documents for perfection of collateral

• Prepare and analyze bankruptcy reports

• Identify and resolve problems / issues

• Record all agreements and conversations

• Prepare correspondence and documentation

• Prepare and file proofs of claim

• Attend 341 meetings and/or bankruptcy hearings as needed and/or direct outside counsel regarding same

• Monitor collection activity and bankruptcy filings

• Report agreed payment terms and plans

• Partner with loan officers

• Prepare for litigation

• Order appraisals

• Initiate Charge-offs / write downs

• Prepare reviews and monthly bankruptcy updates

• Recommend improvements to procedures

• Build relationships with internal customers

• Maximize technology tools available

• Minimize departmental non-payroll costs

• Ensure compliance with Northwest’s policies and procedures, and Federal/State regulations

• Navigate Microsoft Office Software, computer applications, and software specific to the department to maximize technology tools and gain efficiency

• Work as part of a team

• Work with on-site equipment

Education + Experience

• Bachelor’s degree in business/ accounting or finance degree or related subject matter preferred

• Law degree preferred

• 5-6 years of experience in Bankruptcy law related to Chapters 7, 11, 12, and 13, retail/consumer and commercial loans preferred

• Ability to analyze data, prepare bankruptcy related documents

This position is based onsite Monday – Thursday with Friday as an optional work from home day.

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Northwest is an equal opportunity employer. We are committed to creating an inclusive environment for all employees.