Bank of the West Equipment Finance Workout Administrator in Tempe, Arizona

Equipment Finance Workout Administrator

Description

What sets Bank of the West apart from other banks is our team members–they embody the optimistic spirit of the West. There is a spirit here that drives us to do more. Our team of more than 10,000 employees is vital to the success of our Bank. They reflect our modern western values—straightforward, entrepreneurial and optimistic. We seek to create a corporate culture that fosters and rewards excellence, encourages creative thinking and respects diversity – an environment where team members are engaged, supportive of one another and enthusiastic about serving our customers. Bank of the West offers the stability of a company that has a 135 year history and is part of BNP Paribas, a European leader in global banking and financial services and one of the 6 strongest banks in the world. We offer opportunities across our diverse business lines – Retail Banking, Commercial Banking, National Finance, and Wealth Management.

Job Description Summary

Responsible for performing duties relating to litigation, legal documentation and collection activity.

Essential Job Functions

  • Prepares litigation packages for forwarding to local counsel for Equipment Financing/Leasing and all servicing clients. Responds to requests from outside attorneys for updates or additional information.

  • Prepares acceleration and demand letters for all leasing, Bank of the West and client portfolios. Maintains files regarding proof that such correspondence was sent.

  • Calculates amounts due on defaults, new or existing litigation accounts, considering such issues as current net balance, late fees, post judgment interest, collection costs, legal expenses, sales tax and property taxes using formulas based upon documents of various portfolios and clients.

  • Files Proof of Claims in bankruptcy cases for leasing and Bank of the West Broker portfolios. Follows with Trustees regarding timely release of our collateral.

  • Works with Asset Manager and Special Assets Divison (SAD) Workout Officers to prepare accounts for assignment to outside collection agencies.

  • Contacts and works with SAD accounts to effect workout arrangements, settlements and repossessions under the guidance of SAD Workout Officers. Updates electronic hard copy files.

Other Job Duties

  • Inputs and retrieves data utilizing knowledge of various computer software packages, including maintaining reports on SAD account status for Leasing and Bank of the West Broker portfolios

  • Answers telephone and provides information in accordance with bank policy.

  • Performs other duties as assigned.

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Qualifications

Required Experience

  • Associates Degree or equivalent work experience

  • Requires 5 years minimum experience in restructuring or legally resolving customers who do not pay per the lease contract

  • Ability to manage caseload of past due customers to find optimal workout resolution for Bank of the West

  • Ability to work with internal and external legal resources in cases of contract dispute or litigation

Skills

  • Good knowledge of legal terminology and processes.

  • Experience in supporting a litigation function may be required.

  • Analytical and research.

  • Answer telephone and screen calls.

  • Compose letters/memorandum.

  • Directs calls.

  • Filing and typing documents.

  • Maintain filing systems.

  • Planning and organizing.

  • Proofread documents.

  • Schedule appointments.

  • Written and verbal communication.

  • Use personal computer, including knowledge of Word (or equivalent program), Excel, and PowerPoint.

Equal Employment Opportunity Policy

Bank of the West is an Equal Opportunity employer and proud to provide equal employment opportunity to all job seekers without regard to any status protected by applicable law. Bank of the West is also an Affirmative Action employer - Minority / Female / Disabled / Veteran.

Bank of the West will consider for employment qualified applicants with criminal histories pursuant to the San Francisco Fair Chance Ordinance subject to the requirements of all state and federal laws and regulations.

Job: Business / Commercial Banking

Location: United States-Arizona-Tempe

Requisition ID: 038536