Bankruptcy & Legal Clerk

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.

Who we are: 

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! 

How you will support the team:

Assist legal team in documenting and filing of loan bankruptcy materials. Responds to calls, concerns, and correspondence for bankruptcy. Monitor accounts throughout the bankruptcy process. 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 a 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.
• May 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.
• Work with repossession agents as necessary to file Replevin.

What you need to get the job done!

• Prior loan servicing experience required, with collection experience heavily preferred.
• Understanding of bankruptcy regulations and legal processes preferred.
• Familiarity of accounting procedures, financial reporting, and cash flow analysis preferred
• 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 you bring!

• Prior loan servicing experience required, with collection experience strongly preferred.
  

Physical environment, demands, and requirements:

• In office work required with some hybrid work permitted.
  
• Overtime and some travel may be required periodically.
  

Compensation & Benefits:

• Competitive salary and discretionary bonus
  
• Health, dental, and vision insurance
  
• 401(k) with company match
  
• Paid time off and holidays
  
• Professional development opportunities