Job Description:

NewLane Finance is a commercial equipment finance company, serving small and mid-size businesses nationwide. Our mantra is "business lending done right", and our strategy is to revolutionize small business lending by employing the latest technology and a motivated workforce to deliver fair and transparent financing solutions to businesses with unmatched levels of speed, convenience, and customer service. Our products and services are offered to the business community primarily through financing programs with equipment manufacturers, distributors, and dealers. NewLane Finance is powered by WSFS Bank, a $20+ billion financial organization.NewLane Finance is immediately seeking an experienced Litigation Paralegal with strong skills in, but not limited to, commercial litigation preparation, written and oral communication, ability to identify issues and provide solutions, attentiveness, and time management. The successful candidate will also possess an energetic, courteous, and professional demeanor. This position will be reporting to the Director of Collections of NewLane Finance.Essential Functions:Assist with accurately evaluating the costbenefit analysis of taking legal actions against defaulted customers (weighing cost of litigation with probability of recovery).Prepare of civil litigation cases within the Commonwealth of Pennsylvania, Philadelphia County, Court of Common Pleas and Municipal Court, including drafting and filing legal complaints and related documents against companies and personal guarantors in default.Manage and monitor applicable litigation queues and data input to CRM system(s).Develop working relationships with outside lawyerslaw firms used by NewLane, and hold frequent (no less than monthly) meetings with such outside lawyerslaw firms to assess their progress on matters assigned to them.Preparation of Proofs of Claim within Bankruptcy Court. Review bankruptcy plans for treatment of claims.Preparation of Claims within Probate matters.Develop working relationships with third-party collection agencies.Assess and resolve post charge off accounts for possible settlement within a bankruptcy, litigation andor defense matter. Exercise discretion and independent judgment with respect to negotiating settlement terms and conditions to achieve the company's recovery goals.Engage in outboundinbound recovery calls to identify issues and provide solutions.Effectively communicate with and manage outside counsel with respect to domestication of judgments andor initiation of new civil matters.Resolve defaults with accuracy, professionalism, and compliance with the Fair Debt Collection Practices Act.Analyze corporate andor personal financial data to assess appropriate course of itiate research and skip tracing efforts to facilitate legalrecovery action when applicable.Broad understanding of accounts receivable, payment application and account reconciliation.Assist and complete additional tasksduties deemed needed by management.Assist management with the drafting applicable revisions of departmental policies and procedures manual relating to the litigation process.Work with Asset Recovery & Remarketing team when needed to help assure NewLane recovers the equipment relating to the defaulted contract.Achieve monthlyquarterlyyearly targets and Key Performance Indicators.Prepare and analyze applicable litigation and recovery reports to be shared with leadership.Must be willing to work in accordance with NewLane's hybrid work schedule (currently in the office Tuesday, Wednesdays and Thursday and remote on Mondays and Fridays (subject to change based on the needs of the business)).Willingness to learn new technology, processes, and procedures.Requirements:Three plus years in relevant paralegalcommercial litigation experience. Equipment financingfinancial servicesbanking sector experience is preferred but not required.Possess a positive and "customer-centric" attitude, adhering to the core values of NewLane.Must have a "business" mindset, with an understanding of the financial services industry - including an ability and desire to learn all facets of financial services, such as leasing, secured lending and asset management.Exceptional organizational and communication (written and verbal) skills.Ability to prioritize tasks and manage work-flow of litigation fortable working both independently and in a group setting.Ability to effectively negotiate settlements to maximize recovery dollars.Detail oriented and ability to remain patient and professional when interacting with customers.Ability to work quickly and efficiently without sacrificing quality.Proficient computer skills including MS Office Suite and ability to learn various proprietary software programs.Must have legal right to work in the U.S.The successful candidate will receive a competitive compensation package, excellent benefit package to include: Health, Rx, Dental, Vision, Life Insurance (Company Paid), AD&D Insurance, Additional Voluntary Life Insurance, Short TermLong Term Disability Insurance, Flexible Spending, 401(k) with match, generous PTO and much more...NewLane Finance is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, gender expression, national origin, age, protected veteran or disabled status, or genetic information.NewLane Finance will not be able to provide Relocation or Sponsorship