Bankruptcy Specialist

Summary

The Bankruptcy Specialist is responsible for the monitoring and maintenance of loans and/or accounts affected by bankruptcy. Duties include reviewing and analyzing bankruptcy case filings, ensuring necessary documents are filed with the bankruptcy courts either by personally preparing and filing documents or working with internal and external counsel on preparing and filing such documents, and communicating with opposing counsel and/or members regarding bankruptcy affected loans/accounts.

Essential Functions

• Monitor and maintain records for bankruptcy affected loans and/or accounts via Veridian's core system and collection software. Monitor collection software queues and work reports generated by collection software. 
• Review and analyze case documents such as bankruptcy plans, motions, etc. filed by other parties (debtor, trustee, etc.) and respond accordingly to best serve the interests of the credit union.
• Prepare and send required notices to members and/or their attorney.
• Investigate and negotiate settlements on bankruptcy affected loans and/or accounts. 
• Prepare reaffirmations for bankruptcy affected loans and/or review and sign reaffirmations prepared by Bankruptcy Assistant. 
• Prepare and file proofs of claim for bankruptcy affected loans and/or accounts. 
• Assist external legal counsel in preparing and filing necessary court documents. 
• Consult with internal and external legal counsel regarding bankruptcy matters. 
• Communicate with opposing counsel, members, trustees, and court employees as necessary.
• Using Veridian's core system and collection software, post payments to bankruptcy affected loans and/or accounts as needed. 
• Monitor discharged loans for payments and, as applicable, work to resolve delinquencies. 
• Monitor bankruptcy-related reports and industry trends and provide analysis on such data to assist credit union with strategic growth initiatives.
• Participate in monthly charge-off meeting. Provide analysis on charged off bankruptcy affected loans.
• Work with other credit union departments including, but not limited to, Account Resolution and Mortgage Servicing, on bankruptcy affected secured loans. 
• Assist other credit union departments and/or branches with bankruptcy matters. 
• Participate in credit union projects and initiatives as the subject matter expert for bankruptcy related matters. 
• Be knowledgeable of the laws and regulations pertaining to bankruptcy matters. 

Key Attributes

• Oral and written communication skills.
• Member service focus.
• Attention to detail and accuracy.
• Positive attitude that supports a team environment.
• Dependable and punctual; flexible during peak times.
• High level of confidentiality.
• Organizational skills.
• Self-motivated; ability to work without close supervision.
• Problem solving; analysis.

Physical Demands

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job:

• Occasionally lift and/or move items over 10 pounds.
• Remain sedentary (seated) for extended periods of time.

Working Conditions

This job operates in a professional office environment and routinely uses standard office equipment.

Travel

Limited travel expected.

Required Education And Experience

• High School Diploma.
• 3+ years of related work experience.
• Fluent computer skills in a Microsoft Windows environment.

Preferred Education And Experience

• Knowledge of bankruptcy procedures and related law.

Other Duties

Veridian Credit Union is a PCI compliant financial institution to ensure the security of member information. As such, all employees are expected to ensure security measures are in place and adhered to regarding PCI and other highly secure data compliance requirements.

Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties, or responsibilities that are required of the employee for this job. Duties, responsibilities, and activities may change at any time with or without notice.

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