Asset Resolution Counsel

World Business Lenders, Llc; Bogotá; Remote; COP 394,231,000 - 591,347,000; Full time

Benefits offered by this job

Fully remote

Paid Time Off

Job summary

World Business Lenders seeks an Asset Resolution Counsel to lead the legal recovery of non-performing real estate-backed commercial loans. The role emphasizes legal analysis, case management, and execution of recovery strategies including litigation, foreclosures, bankruptcy, settlements, and receiverships.

Reporting to the Litigation Team Leader, you will oversee external counsel, monitor deadlines, assess risks, and drive commercially sound decisions while managing a high-volume caseload.

Qualifications

• Law degree from a recognized institution and bar admission in good standing.
• 3+ years of legal experience in litigation, foreclosures, debt recovery or real estate.
• Experience with U.S. matters or US law firms preferred.
• Excellent written and spoken English.

Responsibilities

• Manage and advance legal resolution of non-performing real estate loans.
• Coordinate with internal and external counsel and monitor case deadlines.
• Negotiate settlements and supervise loss mitigation efforts.
• Prepare budgets, review legal invoices, and analyze debtors' finances.

Skills

Legal analysis

Litigation management

Real estate lending

Executive communication

Negotiation

Leadership

English proficiency

Education

Law degree

US bar admission preferred

Tools

Case management software

Loan servicing systems

Job description

About World Business Lenders

World Business Lenders (WBL) provides general purpose short-term real estate collateralized commercial loans to a broad customer base comprised of small and medium sized businesses throughout the United States that lack access to traditional funding. WBL services its loan portfolio and loan portfolios for third parties, specializing in the management of non-performing loan pools and REO.

Overview

• The Asset Resolution Counsel is responsible for managing and advancing the legal resolution of assigned non-performing commercial loans secured by real estate. This role focuses on the legal analysis, case management, and execution of recovery strategies involving litigation, foreclosure, bankruptcy, settlements, receiverships, judgment enforcement, and other loss mitigation initiatives.
• Working under the direction of the Litigation Team Leader, the Asset Resolution Counsel will manage assigned legal matters, coordinate with external counsel, monitor case developments and deadlines, evaluate legal risks, and provide recommendations to support commercially sound recovery decisions.
• The position requires strong legal judgment, analytical capabilities, attention to detail, and the ability to manage a high-volume caseload while aligning legal activities with the Company's recovery objectives, established procedures, and business priorities.

Essential Functions

• Manage and monitor a non-performing real estate collateralized commercial loan portfolio, , toward most effective and efficient resolution
• Supervise, train and develop Asset Resolution Department staff
• Conduct proactive and effective portfolio management in accordance with established performance standards
• Monitor and manage commercial litigation/bankruptcy/foreclosure activities, functions and deadlines
• Direct/monitor/liaise with in-house and outside attorneys, collection agencies and other vendors that support the loss mitigation effort
• Interact with customers and their counsel
• Negotiate and propose settlement agreements and bidding instructions
• Monitor loss mitigation workout performance and loss severity trends
• Implement and communicate loss mitigation decisions
• Maintain delinquency and loss mitigation reporting, including trend analysis and assessment
• Conduct comprehensive analysis of debtors' financial position, credit status, personal background, and historical payment performance
• Facilitate negotiation and conflict resolution
• Perform extensive quarterly review of portfolio being managed to confirm or reassess recovery estimates
• Monitor related expenses (taxes, maintenance, utilities, fees, etc.) and timely propose protective advances
• Review and approve for payment legal invoices from outside counsel
• Participate in budget preparation for the Asset Resolution Department
• Other projects and duties as assigned.

Requirements

Education

• Law degree (LLB, JD, or equivalent) from a recognized institution.
• Current legal license or admission in good standing in the candidate's qualifying jurisdiction.
• Qualification in a common-law jurisdiction is preferred.
• LLM, U.S. bar admission, or additional U.S. legal qualifications are preferred.

Experience

• 3+ years of overall legal experience, preferably with experience in litigation, foreclosure, bankruptcy, debt recovery, real estate, creditor rights, or a related legal field.
• Experience reviewing and analyzing legal documents, court filings, contracts, and other legal instruments.
• Experience managing litigation matters, monitoring deadlines, and coordinating with external counsel.
• Strong legal research, drafting, analytical, and case management skills.
• Ability to manage multiple matters simultaneously and prioritize competing deadlines.
• Experience working with U.S. legal matters or coordinating with U.S.-based law firms is preferred.
• Excellent written and spoken English.
• Litigation experience and familiarity with litigation management tools
• Experience working for a U.S.-based company.

Key Soft Skills

• Commercial Lending & Real Estate Expertise
• Legal Case Management
• Financial Analysis & Business Acumen
• Negotiation & Conflict Resolution
• Leadership & Team Development
• Vendor & Outside Counsel Management
• Executive Communication & Presentation Skills
• Process Improvement & Operational Excellence
• Exceptional Written and Verbal English Communication Skills
• Professional, Personable, and Customer-Focused Interpersonal Skills
• Sound Judgment, Integrity, and Accountability

Technical Skills

The successful candidate should demonstrate proficiency in the following:

• Strong proficiency in Microsoft Office Suite, particularly Excel (pivot tables, formulas, data analysis, and reporting), Word, Outlook, and PowerPoint.
• Experience working with loan servicing systems, case management platforms, or asset management software used to administer commercial loan portfolios.

Ability to interpret and analyze legal documents including

• Promissory Notes
• Mortgages and Deeds of Trust
• Loan Agreements
• Guaranties
• UCC filings
• Assignments of Rents
• Security Agreements
• Title commitments and title policies
• Familiarity with commercial foreclosure, bankruptcy, receivership, and litigation management platforms.
• Experience reviewing and analyzing:
• Property valuations and appraisals
• Environmental reports
• Financial statements and tax returns
• Business cash flow
• Borrowing base reports
• Credit reports

Ability to prepare and evaluate

• Recovery analyses
• Settlement recommendations
• Litigation budgets
• Protective advance requests
• Reserve analyses

• Preferably have working knowledge of PACER, state and federal court docket systems, Secretary of State business entity databases, UCC filing systems, county land records, and tax assessor websites.
• Good to have experience utilizing business intelligence and reporting tools to monitor portfolio performance, recovery trends, legal spend, and key performance indicators (KPIs).
• Familiarity with eDiscovery, electronic document management systems, and secure document sharing platforms.
• Experience working with platforms similar to Monday.com, Salesforce, SharePoint, or similar workflow/project management systems.
• Ability to leverage AI-assisted legal research, document review, contract analysis, and productivity tools (such as Microsoft Copilot, ChatGPT Enterprise, Westlaw Precision AI, or Lexis+ AI) while maintaining attorney judgment and confidentiality.
• Strong understanding of data security, confidentiality, and regulatory requirements applicable to commercial lending and legal operations.

Work Requirements

• Must be available to work Monday–Friday, 9:00 AM – 6:00 PM Eastern Time.
• Must have a stable internet connection and professional remote working setup.
• Resume must be submitted in English to be considered.

Benefits

USD compensation

Paid Time Off (PTO)

Fully remote — work from wherever you do your best work!