Litigation Paralegal - Full-timeLocation: Philadelphia, PA Required Qualifications:
- Three plus years of relevant paralegal/commercial litigation experience. Equipment financing/financial services/banking sector experience.
- Possess a positive and customer-centric attitude, adhering to the core values of NewLane.
- Must have a business mindset, with an understanding of the financial services industry - including an ability and desire to learn all facets of financial services, such as leasing, secured lending, and asset management.
- Exceptional organizational and communication (written and verbal) skills.
- Ability to prioritize tasks and manage workflow of litigation matters.
- Comfortable working both independently and in a group setting.
- Ability to effectively negotiate settlements to maximize recovery dollars.
- Detail-oriented and ability to remain patient and professional when interacting with customers.
- Ability to work quickly and efficiently without sacrificing quality.
- Proficient computer skills including MS Office Suite and ability to learn various proprietary software programs.
- Must have legal right to work in the U.S.
Job Description
- Assist with accurately evaluating the cost/benefit analysis of taking legal actions against defaulted customers (weighing the cost of litigation with probability of recovery).
- Prepare civil litigation cases within the Commonwealth of Pennsylvania, Philadelphia County, Court of Common Pleas, and Municipal Court, including drafting and filing legal complaints and related documents against companies and personal guarantors in default.
- Manage and monitor applicable litigation queues and data input to CRM system(s).
- Develop working relationships with outside lawyers/law firms used by NewLane, and hold frequent (no less than monthly) meetings with such outside lawyers/law firms to assess their progress on matters assigned to them.
- Preparation of Proofs of Claim within Bankruptcy Court. Review bankruptcy plans for the treatment of claims.
- Preparation of Claims within Probate matters.
- Develop working relationships with third-party collection agencies.
- Assess and resolve post-charge-off accounts for possible settlement within a bankruptcy, litigation and/or defense matter. Exercise discretion and independent judgment with respect to negotiating settlement terms and conditions to achieve the company's recovery goals.
- Engage in outboundinbound recovery calls to identify issues and provide solutions.
- Effectively communicate with and manage outside counsel with respect to the domestication of judgments and/or the initiation of new civil matters.
- Resolve defaults with accuracy, professionalism, and compliance with the Fair Debt Collection Practices Act.
- Analyze corporate and/or personal financial data to assess the appropriate course of action.
- Initiate research and skip-tracing efforts to facilitate legal/recovery action when applicable.
- Broad understanding of accounts receivable, payment application, and account reconciliation.
- Assist and complete additional tasks/duties deemed needed by management.
- Assist management with the drafting applicable revisions of departmental policies and procedures manual relating to the litigation process.
- Work with the Asset Recovery & Remarketing team when needed to help ensure NewLane recovers the equipment relating to the defaulted contract.
- Achieve monthly/quarterly/yearly targets and Key Performance Indicators.
- Prepare and analyze applicable litigation and recovery reports to be shared with leadership.
- Must be willing to work in accordance with our work schedule (currently in the office Tuesdays, Wednesdays, and Thursdays and remote on Mondays and Fridays (subject to change based on the needs of the business)).
- Willingness to learn new technology, processes, and procedures.
Benefits:
- Collaborative Atmosphere: Emphasis on teamwork and collaboration, fostering a supportive work environment.
- Competitive Salaries: Attractive compensation packages that reflect the value of employees' contributions.
- Comprehensive Benefits: Health insurance, retirement plans, paid time off, and other essential benefits that support employees' well-being.
- Flexible Working Hours: Options for flexible schedules or remote work to help employees maintain a healthy work-life balance.