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Bankruptcy Account Manager Jobs in Delaware (NOW HIRING)

Aion Management

Senior Property Manager

Newark, DE · On-site

... receipts, A/P Invoices, statements of disposition, monthly closing procedures, and late fees ... bankruptcy, fair housing and unlawful detainer/eviction actions. Marketing * Support the leasing ...

New

AION Management LLC

Senior Property Manager

Newark, DE · On-site

... receipts, A/P Invoices, statements of disposition, monthly closing procedures, and late fees ... bankruptcy, fair housing and unlawful detainer/eviction actions. Marketing * Support the leasing ...

New

All JobsBankruptcy Account JobsBankruptcy Account Manager JobsBankruptcy Account Manager Jobs in Delaware

Bankruptcy Account Manager information

What is a bankruptcy account manager?

Bankruptcy Account Managers are professionals who handle and oversee accounts that are involved in bankruptcy proceedings. They work for creditors, financial institutions, or debt collection agencies to manage communication with clients, attorneys, and the courts. Their responsibilities include reviewing bankruptcy filings, ensuring compliance with bankruptcy laws, processing claims, and negotiating payment arrangements. They play a crucial role in protecting their employer’s financial interests while adhering to legal and ethical standards.

What are some typical challenges a bankruptcy account manager faces when managing multiple client cases concurrently?

A Bankruptcy Account Manager often manages several client cases at different stages of the bankruptcy process, which can be challenging due to varying deadlines, documentation requirements, and frequent updates in legal proceedings. Balancing communication between clients, legal teams, and creditors while ensuring compliance with regulations demands strong organizational skills and attention to detail. Effective time management and a proactive approach to problem-solving are essential for meeting clients’ needs and maintaining accuracy across all accounts.

What are the key skills and qualifications needed to thrive as a bankruptcy account manager, and why are they important?

To thrive as a Bankruptcy Account Manager, you need a solid understanding of bankruptcy laws, financial analysis, and account management, often supported by a degree in finance or business. Familiarity with bankruptcy case management software, financial reporting tools, and legal documentation systems is typically required. Strong negotiation, attention to detail, and effective communication skills help in managing sensitive client relationships and navigating complex legal processes. These skills are vital for ensuring compliance, minimizing financial risk, and successfully guiding clients through bankruptcy proceedings.

What is the difference between Bankruptcy Account Manager vs Credit Analyst?

AspectBankruptcy Account ManagerCredit Analyst
Required CredentialsTypically a bachelor's degree in finance, accounting, or related field; knowledge of bankruptcy lawsBachelor's degree in finance, economics, or business; strong analytical skills
Work EnvironmentFinancial institutions, law firms, or debt recovery agenciesBanks, lending institutions, or credit departments
Employer & Industry UsageUsed in debt recovery, bankruptcy proceedings, and financial restructuringUsed in credit risk assessment, loan approvals, and financial analysis

The Bankruptcy Account Manager focuses on managing accounts involved in bankruptcy cases, working closely with legal and financial teams to resolve debts. In contrast, a Credit Analyst evaluates creditworthiness of clients to approve or deny credit applications. While both roles require financial knowledge and analytical skills, their primary functions and work environments differ significantly.

Can I be a bankruptcy account manager with no experience?

Bankruptcy account managers typically need some knowledge of debt collection, credit reporting, or financial regulations, but entry-level positions may be available for those with strong organizational and communication skills. Prior experience in finance or customer service can be beneficial, and on-the-job training is often provided. Certifications are not usually required but can enhance job prospects.

What are popular job titles related to Bankruptcy Account Manager jobs in Delaware?

For Bankruptcy Account Manager jobs in Delaware, the most frequently searched job titles are:

What job categories do people searching Bankruptcy Account Manager jobs in Delaware look for?

The top searched job categories for Bankruptcy Account Manager jobs in Delaware are:

What cities in Delaware are hiring for Bankruptcy Account Manager jobs?

Cities in Delaware with the most Bankruptcy Account Manager job openings:

Bankruptcy Account Manager jobs near you

Bankruptcy Collections Specialist III

M&T Bank

Millsboro, DE • On-site

$20.55 - $34.25/hr

Full-time

Re-posted 2 days ago

M&T Bank rating

7.8

Company rating: 7.8 out of 10

Based on 187 frontline employees who took The Breakroom Quiz

78th of 173 rated banks

Job description

Overview:

Manages complex accounts with the following areas of specialization: Foreclosure, Bankruptcy, REO/Property Preservation, Repossession, Remarketing, Legal Liaison or Post Charge Off Collections.

Primary Responsibilities:
  • Initiate contact with consumer borrowers that are in the mid to late stages of delinquency; assess the prospect of repayment, and arranging repayment schedules or other solutions such as: Loan Workout, Alternative Lending, Consumer Credit Counseling Services, Reages, or Extensions.
  • Initiate contact with customers' attorneys and Bankruptcy trustees.
  • Investigate and conduct skip tracing as required.
  • Submit recommendations for account placement with third party collection agencies, attorneys, brokers, and property preservation firms.
  • Initiate direct contact with borrowers (consumer, mortgage, deposit overdraft, business banking), assessing the prospect of repayment, arranging repayment schedules or other solutions.
  • Contact business partners and vendors to ensure services provided are meeting predetermined service level agreements.
  • Participate in loss prevention by employing advanced strategies that provide adequate protection for M&T with respect to its interest in the collateral securing the loan, while maximizing the cost containment opportunities.
  • Review collateral condition and establish asset value. Negotiate sale with prospective buyers and conclude sales transaction with limited oversight.
  • Develop an understanding of the business and its functions, processes and operations.
  • Keep abreast of business and market trends that may affect business department.
  • Adhere to applicable compliance/operational risk controls in accordance with Company or regulatory standards and policies.
  • Maintain M&T internal control standards, including timely implementation of internal and external audit points together with any issues raised by external regulators as applicable.
  • Promote an environment that supports belonging and reflects the M&T Bank brand.
  • Complete other related duties as assigned.
Scope of Responsibilities:

This position works under general supervision and has autonomy when performing skip-trace.

In addition, this position does have the authority to waive late fees, within guidelines.

Education and Experience Required:

A combined minimum of 3 years' higher education and/or work experience including a minimum of 1 year experience in customer service, customer-facing, collections, call center or sales.

Experience with word processing, spreadsheet and presentation software.

Detail oriented.

Strong verbal and written communication skills.

Education and Experience Preferred:

Knowledge of M&T Bank systems.

M&T Bank is committed to fair, competitive, and market-informed pay for our employees. The pay range for this position is $20.55 - $34.25 Hourly (USD). The successful candidate's particular combination of knowledge, skills, and experience will inform their specific compensation.LocationMillsboro, Delaware, United States of America

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