Job Details

Claims Recovery Counsel

Company name

First American Financial Corporation

Organization Type

In-House

Job Type

Attorney

Valid Through

Nov 13, 2020

Posted on

Jul 31, 2020

Years of Experience

Min 7 yrs required

Location

Santa Ana, CA, United States

Employment Type

Full-time

Industry

Legal
Practice Area
Litigation >> Litigation - Real Estate
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Claims Recovery Counsel
The candidate will be responsible for: Manage substantial recovery/collection caseload. Work with Claims Counsel, Analysts, Specialists and Regional Claims Managers to understand cause, extent of loss and potential and practical collectability. Review the claim history and conduct required analysis to determine recovery/collection potential. Pursue, negotiate and collect from concerned parties, including filing and managing litigation when appropriate. Engage collection agencies / collection law firms when required. Manage outside law firms when retained, including oversight of recovery strategy, monitoring expenses, and approval of invoices for costs and attorneys’ fees. Make the decision to liquidate or convert to assets when required. Manage and ensure posting of checks for recovered amounts. Track and maintain aggregate recovery amounts and send required reports. Track recovery indicators to develop best practice recovery guidelines. Be familiar with statute of limitations deadlines as they pertain to any potential recovery/collection actions. Advise Claims on issues and resolution strategy for recovery and collection. Comply with federal and state fair debt collection statutes and regulations. Comply with company salvage asset procedures and processes. Develop and document appropriate record keeping on recoveries, including interest calculations, amortization schedules, attorneys’ fees and other penalties and fees that the debtor will owe under any settlement agreement or payment plan. Possesses and applies a broad knowledge of principles, practices and procedures of the particular field of collection/recovery. Must have knowledge of Federal and State fair debt collection statues and debt collection regulations. Should have excellent verbal and written communication skills. Microsoft office products with an emphasis on MS Word and Excel required. Law Degree required. Should have 7+ years professional experience in debt collection, litigation through trial, real property transactions, title insurance and appellate practice. Must be licensed to practice law in CA, licensing in additional western states a plus.

Additional info

Requisition Number: R013222

Company info

Hiring Coordinator
First American Financial Corporation
1 First American Way
Santa Ana, CA 92707

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