We are seeking a highly motivated Legal Director to join our Legal team. This role is critical in overseeing the litigation process for defaulted private student loans, coordinating with external
Salary: $115,000+
Location: Sterling, VA (Hybrid)
Key Responsibilities:
- Litigation Management: Oversee the litigation process for defaulted private student loan accounts, working with external legal counsel to ensure timely and effective resolution of cases.
- Portfolio Oversight: Assist in the management of a portfolio of defaulted private student loans, ensuring accurate tracking, reporting, and recovery performance.
- Legal Support: Assist the VP of Legal n developing legal strategies for defaulted loans, including risk assessment, legal compliance, and resolution pathways.
- Vendor Management: Coordinate with external law firms, ensuring adherence to company policies, performance metrics, and timelines.
- Regulatory Compliance: Ensure compliance with federal and state laws, including FDCPA, CFPB, FCRA, FCC and other relevant consumer protection laws.
- Settlement Negotiations: Collaborate with external counsel to negotiate settlements with borrowers and third-party attorneys, optimizing recovery while minimizing legal costs.
- Documentation & Reporting: Maintain up-to-date records of all litigation activities and outcomes, providing regular reports to the VP of Legal on progress, challenges, and legal risks.
- Cross-Department Collaboration: Partner with Portfolio Management, Operations, and Compliance teams to drive efficient resolution of defaulted loans and ensure seamless customer experience.
- Litigation Analytics: Analyze litigation outcomes, trends, and legal expenses to identify opportunities for improving recovery rates and legal strategies.
- Risk Mitigation: Develop and implement risk mitigation strategies to minimize exposure to consumer protection lawsuits or counterclaims.
Equal employment opportunities (EEO) to all employees and applicants for employment without regard to race, color, religion, gender, sexual orientation, national origin, age, disability, genetic information, marital status, amnesty, or status as a covered veteran in accordance with applicable federal, state, and local laws. Addison Group complies with applicable state and local laws governing non-discrimination in employment in every location in which the company has facilities. Reasonable accommodation is available for qualified individuals with disabilities, upon request.
