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Fairstone Bank

Advisor, Legal and Recovery

Job Posted 14 Days Ago Posted 14 Days Ago
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Toronto, ON
Mid level
Toronto, ON
Mid level
The Legal and Recovery Advisor will recover bad debt, conduct legal research, and manage legal documentation for collections while ensuring compliance with regulations.
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WHO WE ARE:

Eden Park Inc. (“EdenPark”) is a dynamic automobile finance brand committed to enabling our dealer partners to sell more cars. Since 2012, EdenPark has serviced a wide network of automobile dealers and tens of thousands of consumers from coast to coast. EdenPark is a wholly owned subsidiary of Fairstone Financial Inc., which is a subsidiary of Fairstone Bank of Canada (“Fairstone Bank”). Learn more at EdenParkCanada.com.

Come join Fairstone Financial as an Advisor, Legal and Recovery.

As a Legal and Recover Advisor, you are responsible for the recovery of bad debt, including locating debtors using advanced tools, assessing risks, and referring accounts for further legal action. You will assist in legal research, documentation, and enforcement actions to facilitate garnishment, and collections while ensuring compliance with industry regulations. This position requires a strong understanding of the legal process, excellent analytical and investigative skills, and the ability to thrive in a fast-paced, adaptive environment.

Be part of Canada’s leading provider of responsible lending solutions to serve Canadians.   

At Fairstone we invest in our teams. We offer a broad training program where you will be supported with professional development and encouraged to further build an exciting career with us!   

WHAT WE OFFER?

  • Work-Life Balance: Our 37.5-hour workweek and hybrid model (3 days in-office) promote a healthy balance.
  • Wellness: Tailored well-being solutions available 24/7.
  • Time Off: Minimum 15 paid vacations, 6 wellness days, with federal holidays.
  • Community Support: Paid Volunteer Day to give back to your community.
  • Retirement Planning: Employee and employer contribution pension plan, plus the Fairstone Retirement Savings Plan
  • Development: Access to Fairstone Academy for comprehensive training and skill development.
  • Discounts: Exclusive access to discounted products and services, including car insurance, hotels, attractions, movies, gym memberships, and more.

A regular day for an Advisor, Legal and Recovery will include:

  • Assist in skip tracing investigations to locate debtors and assess financial status. 
  • Support legal strategy for garnishment, and asset recovery. 
  • Conduct legal research and prepare court briefs and Notices of Garnishment. 
  • Follow up on judgment execution, including garnishments and repossessions. 
  • Attend Settlement Hearings, as needed. 
  • Assess and escalate legal and financial risks to the Legal and Recovery Manager.
  • Draft and review legal pleadings, including but limited to, Plaintiff’s Claims, Notice of Garnishment and motion pleadings.   
  • Prepare and track warranty rebates for financial recovery. 
  • Adhere to company policies and assist in refining best practices for legal asset recovery. 
  • Perform additional legal support duties as assigned. 
  • Communicate with external legal counsel, regulatory bodies, and key stakeholders as required. 
  • Ensure compliance with PIPEDA, The Privacy Act, and industry regulations. 

#CORPON

Must haves!

  • Comprehensive knowledge of collections and skip tracing, including excellent analytical, research, and investigative skills.
  • Strong understanding of the legal process as it relates to collections.
  • Well-developed written and verbal communication skills with the ability to write detailed reports.
  • Discreet and comfortable handling sensitive information.
  • Working knowledge of Microsoft Office Suite and Outlook.
  • Solid attention to detail, time management, and advanced problem-solving skills.
  • Strong conflict resolution skills and ability to thrive in a fast-paced, adaptive environment.
  • Ability to collaborate well with various teams and departments.
  • Experience with Small Claims Court procedures and legal document drafting
  • Good math skills with the ability to perform basic calculations quickly.

Extra- awesome to have:

  • 2+ years of prior experience in at least one of the following core areas:  Small Claims Court Procedures; investigations, skip tracing, consumer collections and/or consumer loan industry considered an asset
  • 3-5 years of experience in charge off collections, asset recovery, or financial enforcement 
  • Some University and/or College education in Paralegal Studies including holding a Paralegal License with the Law Society is considered an asset

**This role is vacant.**

WE ARE PROUD TO BE: Montreal's Top Employers 2024 by Canada’s Top 100 Employers!

Learn more: https://www.fairstone.ca/en/about/canadian-lender

Follow us on LinkedIn: https://www.linkedin.com/company/fairstone/mycompany/

If you have a preferred language for communication, please kindly inform us whether you prefer French or English on your application.

Fairstone is an equal opportunity employer. Accordingly, we will make reasonable accommodations to respond to the needs of people with disabilities. Individuals who view themselves as Aboriginals, members of visible minorities, and disabled are encouraged to apply in confidence.

Time Type:

Full time

Job Type:Permanent

Top Skills

Microsoft Office Suite
Outlook

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