Workout Asset Manager

We provide the global commerce tools people need to build businesses, accept payments, and enable commerce for their users. It’s the simplest way to get paid for your great ideas -- across any device, and through almost any payment method. Merchants in more than 40 countries worldwide can accept, split, and enable payments in more than 130 currencies using Braintree.

We’re looking for a Workout Asset Manager who will be responsible for contacting and negotiating with delinquent merchants. This team member will analyze the portfolio and determine the most effective strategy to secure repayment and/or collection of owed funds. This person should be skilled in early identification and evaluation of deteriorating financial situations in order to minimize losses.

* Communicate with merchants to identify reasons for problems and negotiates acceptable terms and conditions for reinstatement or curing default * Work with both internal legal counsel, outside legal counsel, and financial advisors in developing restructuring strategy and negotiating positions. This person will be able to communicate those positions clearly and be able to lead negotiations. * Develop and recommend workout strategies to protect Braintree's interest and achieve maximum recovery * Analyze complex financial statements and waterfall of payments * Track progress of workout process * Review and assess potential impact of merchant bankruptcy filings to ensure protection of Braintree as a creditor * Compile past due reports, risk rating recommendations, and assesses loan loss potential * Evaluate risk ratings to proactively protect Braintree in deteriorating credits

* Minimum of 3-5 years of restructuring/workout experience, including the ability to develop recovery and liquidation models * Advanced knowledge of loan services (collections, processing, documentation, etc) and credit policy and procedures, workout, and credit analysis * Extensive knowledge of bankruptcy and bankruptcy proceedings, including Chapter 7 and 11 bankruptcy, and the rights of creditors * Maintain knowledge of industry State and Federal laws, rules and regulations * Knowledge of applicable federal regulations including Reg E, Fair Debt Practices Collection Act * Excellent verbal and written communication skills