Commercial Equipment Finance Collections and Transactional Attorney
The candidate will provide legal support related to the administration of troubled or defaulted commercial equipment leases, loans and software financing products originated by EF or third-party financing sources such as equipment vendors, technology licensors and other financial institutions, resolution of complaints and disputed matters, and transactional support for asset management issues.Providing legal counsel to loss mitigation and recovery specialists in interpreting contract language, considering strategic alternatives, and advising on workout options;Working with loss mitigation and recovery specialists as they interact with outside legal counsel, appraisers, and other professional advisors regarding troubled or defaulted commercial equipment leases and loans;Preparing and revising standard commercial lease and loan workout documents; Preparing and revising settlement agreements for matters which are not in litigation; Consulting with outside counsel conducting litigation on behalf of EF to enforce commercial equipment leases and loans; Assisting the EF business line in responding to legal discovery requests, garnishment orders and other subpoenas. Working with asset management specialists to develop programs and documentation to remarket returned and recovered assets; Working with EF’s team of quality assurance and risk review specialists to resolve customer complaints;Interpretation, application, review and revision of various EF, Law Division and U.S. Bank policies and procedures. Should have Law degree. Licensed by and in good standing with the appropriate state bar association or other appropriate state attorney licensing authority. Should preferably have 5+ years law firm or in-house experience supporting commercial equipment lease and loan collections, workout, and dispute resolution functions for a bank-owned, captive or independent equipment finance company. Thorough knowledge of laws and regulations impacting the subject matter and/or business line supported. Strong public speaking skills.