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Bankruptcy and Legal Clerk
Medallion BankBankruptcy & Legal Clerk assists the legal team at Medallion Bank with loan bankruptcy documentation and correspondence. Focused on monitoring accounts and ensuring compliance with bankruptcy regulations.
About the role
Key responsibilities & impact- Assist legal team in documenting and filing of loan bankruptcy materials.
- Responds to calls, concerns, and correspondence for bankruptcy.
- Monitor accounts throughout the bankruptcy process.
- Ensures full compliance with loan bankruptcy regulations, and verifies the bankruptcy is secured.
- Upon notification that a borrower has filed bankruptcy review the documents and schedules associated with that filing.
- File a Proof Of Claim
- Ensure the treatment of our loan and collateral is fair.
- Monitor the bankruptcy process through Discharge to ensure disbursements are being received in a timely manner from the bankruptcy trustee.
- As appropriate file Objections, Motions For Relief.
- May work with outside attorneys to represent the organization and to ensure proper steps are taken with regards to the bankruptcy proceeding.
- Reviews attorney or third-party invoices for accuracy.
- Researches and verifies borrower payment history and resolves payment posting discrepancies.
- Respond to received subpoena’s or summons appropriately.
- Identify process gaps and make recommendations for continuous improvement and implement solutions approved by management.
- Work with repossession agents as necessary to file Replevin.
Requirements
What you’ll need- Prior loan servicing experience required, with collection experience heavily preferred.
- Understanding of bankruptcy regulations and legal processes preferred.
- Familiarity of accounting procedures, financial reporting, and cash flow analysis preferred
- Excellent written and oral communication skills to effectively communicate with clients, internal teams and outside parties.
- Proven effective negotiation skills.
- Ability to identify issues and determine solutions.
- Intermediate math skills to allow for accurate calculations.
Benefits
Comp & perks- Health, dental, and vision insurance
- 401(k) with company match
- Paid time off and holidays
- Professional development opportunities
ATS Keywords
✓ Tailor your resumeApplicant Tracking System Keywords
Tip: use these terms in your resume and cover letter to boost ATS matches.
Hard Skills & Tools
loan servicingbankruptcy documentationProof Of Claim filingfinancial reportingcash flow analysisaccounting procedurespayment history researchdisbursement monitoringObjections filingMotions For Relief filing
Soft Skills
written communicationoral communicationnegotiationproblem-solvinganalytical skillsattention to detailcontinuous improvementcollaborationclient interactionissue identification