Kirtland Credit Union · 2 months ago
Post Charge-Off Legal Specialist
Albuquerque, NM, US
Full-time
Onsite
Entry, Mid Level
1+ years expKirtland Credit Union is a financial institution focused on employee growth and advancement. They are seeking a Post Charge-Off Legal Specialist responsible for maximizing the recovery of charged-off loans and accounts, analyzing debts, and ensuring compliance with relevant laws and regulations.
Banking
Responsibilities
Assumes responsibility for ensuring post charge-off collection efforts are timely, efficient, and accurate
Understands and assesses the different avenues for post charge-off debt collection, including the various potential outcomes of collections lawsuits, including stipulated agreements and judgment and garnishment
Understands and maintains current working knowledge of all applicable federal and state consumer credit collection laws and regulations, i.e., Fair Debt Collection Practices Act, Fair Credit Reporting Act, and the Uniform Commercial Code as adopted in applicable states, as well as bankruptcy laws
Develops familiarity with Credit Union records and collections systems and other systems/applications which house information about and/or report on loans serviced by Credit Union, as well as how data is transmitted across such systems
Reviews and understands applicable legal documents, including contracts and court judgments
Testifies on behalf of Credit Union at court proceedings when and as required
Process teller transactions, places appropriate holds in accordance to regulations and internal compliance expectations
Exercises ability to make sound decisions in routine and non-routine situations with minimal supervision
Updates credit bureau reporting for debtors who settle their debts
Performs assignments as required to include major responsibilities for controlling, coordinating, reviewing, and prioritizing work
Researches, evaluates, and analyzes a host of factors to inform decisions consistent with Account Resolution Department standards and procedures and, as appropriate, in consultation with the VP of Accounts Resolution, to maximize recovery of charged off debts, including whether and how to seek recovery
Assesses the status of the debt (such as whether there have been or are any post-charge off collections activities, whether it is one of multiple debts owed, the age of the debt, and whether an enforceable security interest exists). This may include reviewing contracts to determine applicable provisions
Researches status of the debtor(s), including location to understand which laws and recovery options apply
Calculates and tracks amounts owed by debtors and applies payments properly to interest, costs and fees, and damages
Evaluates debt posture to understand status of debt at time payment is received, including whether payment is being made pursuant to a settlement arrangement or agreement, garnishment, or otherwise
Qualification
Required
A two-year college degree (Associate's degree in Business, Finance, or Paralegal Studies) is required
One to three years of recent experience in a legal, debt collection, or related field
Thorough knowledge of collection procedures with strong knowledge of loan products such as consumer loans, credit cards, mortgages, and vehicle loans
Strong communication and interpersonal skills
Ability to work well with debtors, colleagues, and third parties
Maintain professional appearance and conduct
Multi-task oriented
Problem solving abilities
Ability to operate a PC
Proficient with Microsoft Office Suite
Ability to stand and sit for 8-hour shifts
Ability to work in an office/cubical environment
Preferred
Bachelor's degree in business, finance, or related field preferred
Working knowledge of all applicable federal and state consumer credit collection laws and regulations, i.e., Fair Debt Collection Practices Act, Fair Credit Reporting Act, and the Uniform Commercial Code as adopted in applicable states, as well as bankruptcy laws, preferred
Benefits
Medical, Dental and Vision Insurance
401(k) Retirement savings program
401 (k) employer match
Paid time off with accrual starting from day one.
11 Paid holidays off during the year!
Tuition Reimbursement for College Degrees
Employee Clothing Advance
Fitness Reimbursement Program
Employer paid Life Insurance
Employee Assistance Program
Employer paid Short- and Long-Term Disability Insurance
Travel Assistance Program
Company
Kirtland Credit Union
Why work at Kirtland Credit Union? Because you spend 40 hours a week or more at work.
51-200 employees
Funding
Current Stage
Growth StageLeadership Team
Julie Nielsen
Chief Financial Officer
Tina Andrews
Chief Financial Officer
Recent News
San Antonio Business Journal
2025-02-05
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