Legal Counsel - Mumbai, India

About World Business Lenders (WBL)

World Business Lenders (WBL) provides general purpose short-term real estate collateralized commercial loans to a broad customer base comprised of small and medium sized businesses throughout the United States that lack access to traditional funding.

WBL is a U.S.-based company with a 100% remote workforce. 

The job requires excellent oral and written command of the English language. Resumes must be submitted in English.

In a fast paced, high expectation, results oriented environment, the Asset Resolution Counsel is responsible for (i) managing a large portfolio of non-performing real estate collateralized commercial loans, and REO, (ii) supervising Asset Resolution/Collections/REO Department staff, (iii) analyzing loan, borrower and guarantor, as well as jurisdiction characteristics, (iv) consulting with local counsel to develop recovery strategies and (v) achieving optimal resolutions. Candidates should be adept at working with a large portfolio of assets, highly familiar with legal pleadings and proceedings and comfortable with financial analysis, with demonstrated leadership and mentoring acumen.

• Manage and monitor a non-performing real estate collateralized commercial loan portfolio, including REO
• Conduct proactive and effective portfolio management in accordance with established performance standards
• Prepare annual collection budget
• Hire, supervise, train and develop Asset Resolution/Collections/REO Department staff
• Case assignment and workload balancing among staff
• Review/develop collection strategy recommendations
• Oversee collection process
• Reviewed pleadings
• Manage case settlement process; propose offers/counteroffers
• Oversee management of REO portfolio
• Monitor and approve timely payment of REO related expenses (taxes, maintenance, utilities, fees, etc.)
• Approve listing agreements and monitor broker performance
• Manage sale process; propose offers/counteroffers/bidding instructions
• Perform extensive quarterly review of all defaulted assets to confirm or reassess recovery estimate and report any factors projected to impact P&L/Balance Sheet
• Perform advanced statistical analysis of portfolio default trends and a comparative analysis of the static pool v. dynamic pool progression
• Other projects or duties as assigned

Requirements

• Previous experience in legal billing is mandatory, preferably in the US.

• Degree in Law, Business Administration, or Finance.

• Experience supervising/developing/mentoring a case management staff

• Timely management of case loads

• US Legal and/or Real Estate experience strongly preferred

• Strong analytical skills and an innovative approach to solving both practical and theoretical problems

• Excellent organizational, communication (both written and verbal) and computer skills.

• Able to work in a fast-paced, deadline-driven environment and handle multiple projects simultaneously.

• Detail-oriented and resourceful with excellent follow-through skills.

• Proficient in all Microsoft Office, Power BI and Adobe applications.

• Able to establish and maintain effective work relationships both internally and externally.

• CONTRACT / CONSULTANCY POSITION
• Compensation: DOE
• 11 Paid Holiday Days per year
• 100% Remote Working
• USD Salary