Credit Bankruptcy Officer

Job Description

Job Summary

The Credit Bankruptcy Officer is responsible to coordinate, monitor and analyze loans when a borrower files a bankruptcy petition.

Essential Functions

• Ensure integrity of loan documentation
• Review loan documents for perfection of collateral
• Analyze financial statements
• Prepare and analyze bankruptcy reports
• Identify and resolve problems / issues
• Record all agreements and conversations
• Prepare correspondence and documentation
• Discuss grades and procedures
• Submit proof of claims
• Attend 341 hears or like Bankruptcy hear/or direct outside counsel
• Monitor collection activity, and bankruptcies
• Report agreed payment terms and plans
• Locate collateral / inspection
• Partner with loan officers
• Prepare for litigation
• Coordinate sale of acquired assets / with appropriate staff, liquidation of assets and sales, and legal plan action with counsel
• Order appraisals
• Initiate Charge-offs / write downs
• Prepare reviews, and monthly bankruptcy updates
• Recommend improvements to procedures
• Build relationships with internal customers
• Maximize technology tools available
• Minimize departmental non-payroll costs
• Ensure compliance with Northwest’s policies and procedures, and Federal/State regulations
• Navigate Microsoft Office Software, computer applications, and software specific to the department to maximize technology tools and gain efficiency
• Work as part of a team
• Work with on-site equipment
  
  

Education Experience

• Bachelor’s degree in business/ accounting or finance degree or related subject matter preferred
• 5-6 years of experience in of experience in Bankruptcy law related to Chapter 7, 11, 12, and 13, relating to retail/consumer and commercial loans preferred
• Ability to analyze data, prepare bankruptcy related documents
  
  

Northwest is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees.