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Bankruptcy Specialist III

Job Description

.Broadleaf Results is looking for an experienced Bankruptcy Specialist III for our banking client located in Getzville, NY. The position is full time and permanent with a strong compensation and benefits package.Responsibilities:
  • Remove loans from the bankruptcy workstation to the general population, foreclosure or collections.
  • Review fees and costs incurred in bankruptcy to verify if recoverable from the borrower. Reclassify fees as either recoverable or non-recoverable as needed. Ensure invoices from outside law firms are submitted timely using invoice management. Review for incorrect relief dates.
  • Apply funds in suspense before removing from bankruptcy.
  • Verify no additional funds came in from the borrower after relief effective date. Contact attorney to confirm if relief order needs to be cancelled.
  • Submit losses on Client owned loans where the fee is not recoverable.
  • Work daily to determine the status of the bankruptcy case. Review for case conversions and notify specialists when necessary.
  • Monitor queue in court monitoring system for any dismissals or discharges. If removed from bankruptcy for relief of stay, monitor the case to be dismissed or discharged and notify the credit reporting agencies.
  • Respond to attorney's calls or emails regarding invoices and relief effective dates. Occasionally respond to customer calls.
  • Ensure proper codes and stops are on the account. Ensure demands are sent based on specific state criteria.
  • Prepare figures for Proof of Claims and 410A History.
  • Validate the bankruptcy plan review.
  • Monitor process management system for step completion and prepare stipulations for plan objections.
  • Complete write offs when fees aren't included in the proof of claim.
  • Adhere to applicable compliance/operational risk controls in accordance with Company or regulatory standards and policies.
  • Maintain Client internal control standards, including timely implementation of internal and external audit points together with any issues raised by external regulators as applicable.
  • Promote an environment that supports diversity and reflects the Client Bank brand.
  • Complete other related duties as assigned.
  • This position interacts with internal Client Bank departments and external third-party Attorney Firm vendors.
  • Job Requirements

    .Required Skills / Qualifications:
  • A combined 4 years’ experience and/or higher education, including a minimum of 2 years’ Mortgage Default and/or Bankruptcy experience.
  • Preferred Skills / Qualifications:
  • Bachelor’s degree.
  • 4 years’ Mortgage Default and/or Bankruptcy experience.
  • Prior departmental experience.
  • Knowledge of Client Bank systems.
  • Proficient PC skills including word processing, spreadsheet and email software.
  • Strong written and verbal communication skills.
  • Detail oriented.
  • Motivated, team player with a positive and friendly attitude.
  • Strong analytical ability and problem solving skills.
  • Go Beyond. www.superiorjobs.com.
    EEO Employer - Minorities / Females / Disabled / Veterans / Sexual Orientation / Gender Identity.

    Job Snapshot

    Location US-NY-Getzville
    Employment Type Full-Time Employee
    Pay Type Year
    Pay Rate N/A
    Store Type Accounting
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    Company Overview

    Acara Solutions

    Acara understands that finding that rewarding next step along your career path can be challenging. We also understand the legwork that goes into being your career advocate. Our award-winning recruiters focus on the candidate experience, getting to know you and your goals, both long- and short-term. They get to know your skills and your growth trajectory so that they not only can represent you in front of our more than 1,000 customers with opportunities across North America, but also connect you with the best-fit role. After all, optimal workforce experiences come when employees are matched with companies who need—and value—their skills and contributions. Learn More

    Contact Information

    US-NY-Getzville
    Amanda Neudeck
    Snapshot
    Acara Solutions
    Company:
    US-NY-Getzville
    Location:
    Full-Time Employee
    Employment Type:
    Year
    Pay Type:
    N/A
    Pay Rate:
    Accounting
    Store Type:

    Job Description

    .Broadleaf Results is looking for an experienced Bankruptcy Specialist III for our banking client located in Getzville, NY. The position is full time and permanent with a strong compensation and benefits package.Responsibilities:
  • Remove loans from the bankruptcy workstation to the general population, foreclosure or collections.
  • Review fees and costs incurred in bankruptcy to verify if recoverable from the borrower. Reclassify fees as either recoverable or non-recoverable as needed. Ensure invoices from outside law firms are submitted timely using invoice management. Review for incorrect relief dates.
  • Apply funds in suspense before removing from bankruptcy.
  • Verify no additional funds came in from the borrower after relief effective date. Contact attorney to confirm if relief order needs to be cancelled.
  • Submit losses on Client owned loans where the fee is not recoverable.
  • Work daily to determine the status of the bankruptcy case. Review for case conversions and notify specialists when necessary.
  • Monitor queue in court monitoring system for any dismissals or discharges. If removed from bankruptcy for relief of stay, monitor the case to be dismissed or discharged and notify the credit reporting agencies.
  • Respond to attorney's calls or emails regarding invoices and relief effective dates. Occasionally respond to customer calls.
  • Ensure proper codes and stops are on the account. Ensure demands are sent based on specific state criteria.
  • Prepare figures for Proof of Claims and 410A History.
  • Validate the bankruptcy plan review.
  • Monitor process management system for step completion and prepare stipulations for plan objections.
  • Complete write offs when fees aren't included in the proof of claim.
  • Adhere to applicable compliance/operational risk controls in accordance with Company or regulatory standards and policies.
  • Maintain Client internal control standards, including timely implementation of internal and external audit points together with any issues raised by external regulators as applicable.
  • Promote an environment that supports diversity and reflects the Client Bank brand.
  • Complete other related duties as assigned.
  • This position interacts with internal Client Bank departments and external third-party Attorney Firm vendors.
  • Job Requirements

    .Required Skills / Qualifications:
  • A combined 4 years’ experience and/or higher education, including a minimum of 2 years’ Mortgage Default and/or Bankruptcy experience.
  • Preferred Skills / Qualifications:
  • Bachelor’s degree.
  • 4 years’ Mortgage Default and/or Bankruptcy experience.
  • Prior departmental experience.
  • Knowledge of Client Bank systems.
  • Proficient PC skills including word processing, spreadsheet and email software.
  • Strong written and verbal communication skills.
  • Detail oriented.
  • Motivated, team player with a positive and friendly attitude.
  • Strong analytical ability and problem solving skills.
  • Go Beyond. www.superiorjobs.com.
    EEO Employer - Minorities / Females / Disabled / Veterans / Sexual Orientation / Gender Identity.
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