Bankruptcy Specialist

This is a hybrid position that requires the individual to work 2 days a week from a location in Cedar Falls, IA.

The Bankruptcy Specialist is responsible for monitoring and maintaining loans and/or accounts affected by bankruptcy. Duties include reviewing and analyzing bankruptcy case filings, ensuring necessary documents are filed with the bankruptcy courts, and communicating with opposing counsel and/or members regarding bankruptcy affected loans/accounts.

• Monitor and maintain records for bankruptcy affected loans and/or accounts via Veridian's core system and collection software.
• Review and analyze case documents such as bankruptcy plans, motions, etc. filed by other parties (debtor, trustee, etc.) and respond accordingly to best serve the interests of the credit union.
• Prepare and send required notices to members and/or their attorney.
• Investigate and negotiate settlements on bankruptcy affected loans and/or accounts.
• Prepare reaffirmations for bankruptcy affected loans and/or review and sign reaffirmations prepared by Bankruptcy Assistant.
• Prepare and file proofs of claim for bankruptcy affected loans and/or accounts.
• Assist external legal counsel in preparing and filing necessary court documents.
• Consult with internal and external legal counsel regarding bankruptcy matters.
• Communicate with opposing counsel, members, trustees, and court employees as necessary.
• Using Veridian's core system and collection software, post payments to bankruptcy affected loans and/or accounts as needed.
• Monitor discharged loans for payments and, as applicable, work to resolve delinquencies.
• Monitor bankruptcy-related reports and industry trends and provide analysis on such data to assist credit union with strategic growth initiatives.
• Participate in monthly charge-off meeting. Provide analysis on charged off bankruptcy affected loans.
• Work with other credit union departments including, but not limited to, Account Resolution and Mortgage Servicing, on bankruptcy affected secured loans.
• Assist other credit union departments and/or branches with bankruptcy matters.
• Participate in credit union projects and initiatives as the subject matter expert for bankruptcy related matters.
• Be knowledgeable of the laws and regulations pertaining to bankruptcy matters.

• High School Diploma.
• 3+ years of related work experience.
• Fluent computer skills in a Microsoft Windows environment.

• Knowledge of bankruptcy procedures and related law.

Veridian Credit Union is a PCI compliant financial institution to ensure the security of member information. As such, all employees are expected to ensure security measures are in place and adhered to regarding PCI and other highly secure data compliance requirements.