AVP - Legal Recovery

Posted 2 Hours Ago
Be an Early Applicant
Hiring Remotely in US
Remote
70K-106K Annually
Senior level
Fintech • Financial Services
The Role
The AVP - Legal Recovery is responsible for managing the internal legal recovery team, driving productivity in legal collections, collaborating with various teams to optimize workflows, overseeing inventory management, and ensuring compliance with laws and policies. The role includes leading and mentoring managers, identifying training needs, and assisting in operations and planning.
Summary Generated by Built In

We invite you to explore a future with us at PRA Group, a diverse and growing company that has a tangible impact on the global economy.

Position Summary: 

Responsible for overall management of legal recovery activities within the internal legal team. Activities include policy recommendations, employee development, capacity planning, process design, budgeting and strategic planning.

Key Responsibilities:

  • Responsible for overall legal collection productivity, determining goals, and the timely and accurate forecast production and cost for the internal legal team (20%)

  • Collaborates with VP, peers, attorneys and workflow team to create and troubleshoot workflows (15%)

  • Examines and reviews various reports to drive legal activities (15%)

  • Examines and maintains proper inventory management by collaborating with inventory management and auditing teams (10%)

  • Examines daily workload volumes to prioritize work efforts including queue management, attorney placement, account updates, audits, and productivity standard maintenance (10%)

  • Oversees and assists senior managers and managers with support staff (5%)Directs, guides and influences staff in handling all types of situations to determine the most compliant, profitable and effective method of operation (5%)

  • Identifies training issues and potential lost revenue and implements corrective action plans (5%)Responsible for ensuring compliance with applicable laws, regulations, and company policies across areas of organizational responsibility (5%)

  • Collaborates with vendors to achieve organizational objectives(5%)

  • Assists VP of Legal Recovery with operations, planning, setting and implementing achievable goals (5%)

Supervisory/Leadership:

  • Supervises a team of managers with direct reports.

  • Provides guidance, direction and mentorship to managers.

  • Carries out supervisory responsibilities in accordance with the organization's policies and applicable laws.

  • Responsibilities include participating in interview process and training employees; planning, assigning, and directing work; appraising performance; rewarding and disciplining employees; addressing complaints and resolving problems.

  • Prepares annual reviews; prepares goals and salary recommendations; prepares and documents disciplinary actions; makes recommendation concerning discharge of employees to AVP/Human Resources; conducts employee discharge meetings with Human Resources.

  • Fosters a positive working environment.

Education and/or Experience:

  • Bachelor's Degree in Business, Liberal Arts or Law and/or equivalent experience.

  • Paralegal Certification Preferred.

  • 5+ years legal experience required.

  • 5+ years high volume and capacity planning required.

  • Minimum of 5 years of demonstrated legal, leadership, supervisory and high volume processing experience.

Salary Range:

$70,000.00 - $106,000.00

PRA Group has an effective process for assessing market data and establishing ranges to ensure we remain competitive. Actual compensation is influenced by a wide array of factors including but not limited to skill set, level of experience, specific working location and market position. This posted salary range is a good faith and reasonable estimate, and PRA Group reserves the right to adjust this range depending on the qualifications and location of the selected candidate. In addition to base salary, PRA may offer additional benefits to include performance based bonus programs and/or equity programs depending on the position. PRA offers paid time off, medical, dental, vision, 401k match, life insurance, and other benefits to assist with the physical and mental wellbeing of our employees.

All qualified applicants will receive consideration for employment regardless of age, race, color, sex, gender, religion, national origin, physical or mental disability, citizenship, or any other classes recognized by state or local law or any other characteristic protected under applicable federal, state or local law. We are a drug free workplace.

The Company
HQ: Norfolk, VA
1,720 Employees
On-site Workplace
Year Founded: 1996

What We Do

As a global leader in acquiring and collecting nonperforming loans, PRA Group returns capital to banks and other creditors to help expand financial services for consumers. With thousands of employees worldwide, PRA Group companies collaborate with customers to help them resolve their debt and provide a broad range of additional revenue and recovery services to business clients.

Our employees around the world play a key role in shaping our identity. By doing things the right way for the right reasons, treating others with fairness and respect, and valuing diversity and inclusion, our employees will sustain us into the future. Our company culture is the foundation for everything we do.

Since our founding, we have been focused on making a difference. We make it a priority to strengthen the communities where we work and live. Our employees support the mission in both time and money. To enhance that generosity, we match their contributions and we honor their civic spirit with paid time off to participate in Volunteer Days.

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