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Attorney - Commercial Lending and Consumer Collections

Charlotte, North Carolina;

Job Description:

JOB DESCRIPTION

  • In-depth knowledge of, and experience in, commercial-purpose lending transactions to motor vehicle and Recreational Vehicle dealerships including construction loans, acquisition loans, working capital loans, floor plan financing, and all matters related thereto including UCC Article 9 perfection requirements, Inter-creditor agreements, Federal Flood Insurance requirements and regulations, etc.
  • In-depth knowledge of, and experience in, alternative interest rate indexes for commercial purpose lending transactions including the Bloomberg Short-Term Bank Yield Index (BSBY) and the Secured Overnight Financing Rate (SOFR).
  • In depth knowledge of, and experience in, the collection of consumer-purpose automobile financing accounts including state requirements for the repossession of automobiles, Bureau reporting of past-due and charged-off accounts, and OCC FFIEC requirements regarding, among other things, extensions and charged-off accounts.
  • Ability to stay abreast of emerging and evolving consumer auto-related laws and regulations at the federal level including the Military Lending Act, USA PATRIOT Act, Truth-in-Lending Act, Fair Credit Reporting Act, Fair Debt Collections Practices Act, and Regulations B, M, V, and Z.
  • Ability to stay abreast of emerging and evolving consumer auto-related laws and regulations at the state level (primarily, Article 9 of he UCC) including "right-to-cure" and "notice of sale" letter requirements.
  • Proficiency with matters related to third party agreements and relationships including third party technology and other service providers, sub-servicers, etc. Familiarity with OCC third party management and oversight expectations are a plus.
  • Proficiency advising risk and compliance managers and other corporate support functions and attorneys in the above areas, and supporting them in the development of practical operational processes that control risk and ensure compliance.
  • Proficiency analyzing, drafting and negotiating contractual terms and conditions with third parties such as vendors and corporate/institutional clients, consistent with corporate policies and standards.

REQUIRED SKILLS AND EXPERIENCE:

Qualified Attorney

  • Minimum of 5 -10+ years relevant experience at a major law

firm or corporate legal department

  • Deep knowledge of consumer leasing, consumer advertising,

account servicing, account collections, lease terminations, vehicle
repossessions, and related matters.

  • Ability to field issues across a diverse set of legal fields.

Strong interpersonal, organizational and problem-solving skills.

  • Ability to present complex issues in a clear and concise manner

and provide succinct results-oriented legal advice.

  • Ability to work in a fast-paced, demanding and collaborative

environment with many stakeholders.

  • Independent, self-starter capable of prioritizing conflicting

demands and handling multiple assignments simultaneously.

  • Strong influencing and leadership skills, including decisiveness

on both legal and business issues.

Job Band:

H4

Shift: 

1st shift (United States of America)

Hours Per Week:

40

Weekly Schedule:

Referral Bonus Amount:

0

Job Description:

JOB DESCRIPTION

  • In-depth knowledge of, and experience in, commercial-purpose lending transactions to motor vehicle and Recreational Vehicle dealerships including construction loans, acquisition loans, working capital loans, floor plan financing, and all matters related thereto including UCC Article 9 perfection requirements, Inter-creditor agreements, Federal Flood Insurance requirements and regulations, etc.
  • In-depth knowledge of, and experience in, alternative interest rate indexes for commercial purpose lending transactions including the Bloomberg Short-Term Bank Yield Index (BSBY) and the Secured Overnight Financing Rate (SOFR).
  • In depth knowledge of, and experience in, the collection of consumer-purpose automobile financing accounts including state requirements for the repossession of automobiles, Bureau reporting of past-due and charged-off accounts, and OCC FFIEC requirements regarding, among other things, extensions and charged-off accounts.
  • Ability to stay abreast of emerging and evolving consumer auto-related laws and regulations at the federal level including the Military Lending Act, USA PATRIOT Act, Truth-in-Lending Act, Fair Credit Reporting Act, Fair Debt Collections Practices Act, and Regulations B, M, V, and Z.
  • Ability to stay abreast of emerging and evolving consumer auto-related laws and regulations at the state level (primarily, Article 9 of he UCC) including "right-to-cure" and "notice of sale" letter requirements.
  • Proficiency with matters related to third party agreements and relationships including third party technology and other service providers, sub-servicers, etc. Familiarity with OCC third party management and oversight expectations are a plus.
  • Proficiency advising risk and compliance managers and other corporate support functions and attorneys in the above areas, and supporting them in the development of practical operational processes that control risk and ensure compliance.
  • Proficiency analyzing, drafting and negotiating contractual terms and conditions with third parties such as vendors and corporate/institutional clients, consistent with corporate policies and standards.

REQUIRED SKILLS AND EXPERIENCE:

Qualified Attorney

  • Minimum of 5 -10+ years relevant experience at a major law

firm or corporate legal department

  • Deep knowledge of consumer leasing, consumer advertising,

account servicing, account collections, lease terminations, vehicle
repossessions, and related matters.

  • Ability to field issues across a diverse set of legal fields.

Strong interpersonal, organizational and problem-solving skills.

  • Ability to present complex issues in a clear and concise manner

and provide succinct results-oriented legal advice.

  • Ability to work in a fast-paced, demanding and collaborative

environment with many stakeholders.

  • Independent, self-starter capable of prioritizing conflicting

demands and handling multiple assignments simultaneously.

  • Strong influencing and leadership skills, including decisiveness

on both legal and business issues.

Shift:

1st shift (United States of America)

Hours Per Week: 

40

Learn more about this role

Full time

JR-21074643

Band: H4

Manages People: No

Travel: No

Manager:

Talent Acquisition Contact:

Jeri Risin

Referral Bonus:

0