Bankruptcy Analyst

OVERVIEW

This position will perform procedures relating to bankrupt accounts including processing incoming petitions, 341 notices, discharges, proof of claims, non-dischargeable debt review and estate closures in a shared service environment.

The primary goal is to be responsible for a wide range of duties, involving Bankruptcy. Remains current with bankruptcy laws, their interpretation and the applicable provisions, which best protect the interests of the credit union.

S3 has a commitment to excellence and the highest standards of member service. Our values and beliefs are critical to the success and growth of the business and they were all created with a unique cultural foundation.

RESPONSIBILITIES

• Performs procedures relating to bankrupt accounts including processing incoming petitions, 341 notices, discharges, proof of claims, non-dischargeable debt review and estate closures. Remains current with bankruptcy laws, their interpretation and the applicable provisions, which best protect the interests of the credit union
• Makes decisions and/or recommendation for non-dischargeable debt on bankrupt accounts, meeting court specified deadlines and requires a general knowledge of federal bankruptcy court procedures
• Decisions/statuses account when a bankruptcy notice is received to charge-off, relief from stay, or current paying bankrupt account
• Daily maintenance on bankrupt loans ensuring correct status in OSI depending on status
• Daily maintenance in bankruptcy software to ensure proper follow-up for motions to be filed with the court and proof of claims filed timely
• Daily record retention
• Processes trustees checks
• Loads account information into the collection system
• Scanning documents
• Daily work in Internet banking system, bankruptcy system, collection system, credit card system and recovery system
• Frequently assists members with financial counseling. Arranges and agrees to alternative payment schedules for delinquent accounts
• Compliance with investor regulations (Fannie Mae and Freddie Mac)
• Proactively supports corporate goals through maintaining effective collection procedures on delinquent accounts
• Management retains the discretion to add or change the duties of this position at any time
• Work in collaboration and partnership with other team members
• Serve as back-up for other collection functions as necessary
• All other duties as assigned

QUALIFICATIONS

• High School Degree required/Associate's Degree or higher preferred
• Minimum 3 years of experience in Bankruptcy preferred
• Experience with Microsoft office is required
• Bankruptcy background and knowledge of applicable laws, rules, and regulations preferred
• Knowledge of Investor guidelines and regulations
• Ability to tactfully question or actively listen and negotiate effectively with members, employees and departments to determine specific needs and solutions
• Strong communication skills with ability to carry out directions, both verbal and written
• Ability to handle fast paced environment and highly stressful situations
• Ability to prioritize workload based on mandatory requirements and member service level agreements
• Strong analytical skills required with a high degree of accuracy
• Ability to work flexible hours as needed
• Ability to multi-task in other areas of the unit
• Positive attitude and team-oriented