Bankruptcy & Legal Specialist

Please Note: This is a Utah-based hybrid position, which will require some regular in-office days each week. Additionally, employment with Medallion Bank is contingent on passing both a background check and maintaining a clean background.

How You Will Support The Team: 

You will be responsible for assisting the Bankruptcy and Legal Manager in documenting and filing of loan bankruptcy materials. Responds to calls, concerns, and correspondence for bankruptcy. Monitor accounts throughout the bankruptcy process and supports relationships with outside parties and/or attorneys when necessary. Ensures full compliance with loan bankruptcy regulations, and verifies the bankruptcy is secured.

What you will do:

Upon notification that a borrower has filed bankruptcy review the documents and schedules associated with that filing.

File 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.

As necessary, attend the 341 Hearing, or the Meeting of Creditors

Review loans referred for legal action and determine the best course of action.

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.

Other related projects as needed. 

What you need to get the job done:

Minimum of 2 years prior loan servicing experience required, preferably in collections.

Prior supervisory experience in collections strongly preferred

PERFERRED SKILLS

Understanding of bankruptcy regulations and processes preferred.

Familiarity of accounting procedures, financial reporting, and cash flow analysis preferred

Confidence to work with and manage attorneys nationwide that will represent the organization in legal proceedings.

Availability to travel and act as a witness and provide testimony during court proceedings.

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.

What’s in it for YOU?

Competitive salary and performance-based incentives

Comprehensive benefits including medical, dental, vision, disability, and life insurance

401K with a company match

PTO including 11 paid holidays, vacation time and sick time

Financial Wellness Program

Volunteer Opportunities

Professional Development opportunities

Awesome company culture and co-workers who love to work here!

Work Life Balance – We don’t use that term lightly!

Company Wide Open Door Policy

PHYSICAL ENVIRONMENT AND PHYSICAL DEMANDS AND REQUIREMENTS:

Hybrid work environment with a minimum of three (3) days per week in the office.

Willingness to work additional in-office days as needed.

About us!

At Medallion Bank we finance fun! We are an industrial loan bank that specializes in providing consumer loans for the purchase of recreational vehicles, boats, home improvement, and offering loan origination services to fintech partners. We work directly with thousands of dealers, contractors and financial service providers serving their customers throughout the United States. Medallion Bank is a small company with a big impact. We recognize our employees as our greatest asset and have a culture to prove it!