Braintree builds products that make payments easier—so easy that they fade into the background, making entirely new kinds of interactions possible. We're known for our technology but we're also known for our support, with internal risk and underwriting, account management and technical support teams who ensure a frictionless payments experience.

Workout Asset Manager at Braintree

About Us:

Braintree builds products that make payments easier—so easy that they fade into the background, making entirely new kinds of interactions possible. Interactions like seamlessly paying for your ride share—or the condo you rented this weekend—without presenting a card or pressing a button, or buying a lamp on Pinterest...right from Pinterest. The Braintree full-stack payment platform lets companies build their own experiences and then scale their businesses around the globe. We're known for our technology but we're also known for our support, with internal risk and underwriting, account management and technical support teams who ensure a frictionless payments experience.

Acquired by PayPal in 2013, Braintree is now in an even greater position to change the way people pay. Headquartered in Chicago, Braintree has offices in San Francisco, New York, Sydney, London with employees stationed around the world.

The best talent deserves the best perks. Join the Braintree Team and you’ll get catered lunches, tuition reimbursement, public transit commute reimbursement, and much more! 

Check us out - Braintree on The Muse | LinkedIn | Glassdoor | Facebook | Twitter

 

About the Role:

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.

Responsibilities:

  • 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

Requirements:

  • 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

 

We know the confidence gap and imposter syndrome can get in the way of meeting spectacular candidates. Please don't hesitate to apply.

 

 

Company Reviews

"Whether you're teaming up on a project with a developer, underwriter, or support agent, you're bound to learn something new. It makes you want to bring your best work every day."
Kent Green
Product Team
at Braintree
"I've never been surrounded by such talented and capable minds -- it motivates you to become better every day."
Dan Uhle
Operations Project Manager
at Braintree
"A perfect job has always been working with people I like & doing work that solves problems. I work with people I love + trust, while providing tools merchants need. It doesn't get better than this."
Rachel Adams
Account Manager
at Braintree
Find more startup and tech jobs in Chicago
Loading...
Apply Now
Why work with us
Every time you pay for an Uber ride or book on Airbnb, you’re using our product. Braintree lets you move money from one place to another safely and securely. It sounds complex (and it is), but we make it so simple, you wouldn't know we were there. We're people-focused, inside and out. We put our people first, whether it's employees or our clients.
Culture
At Braintree, opportunities to shine happen daily. We value what makes you different, and encourage you to act on your ideas–no matter how pie in the sky. You bring skills and a customer-first mentality and we'll bring the tools and environment you need to do the best work of your life.
Perks & Benefits
Daily catered lunches and salad bar
On-site yoga + gym discounts
Public transit reimbursement
Tuition reimbursement
401(k) with company match
Tracking Free Vacation
Paid parental + family leave
Competitive medical, dental and vision benefit plans
Great equipment including Mac laptops, adjustable standing desks and decked out conference rooms for team collaboration

Oh no!

You're fresh out of job post slots.

Upgrade your planmanage current jobs

Create an account

Let startups find you

Create a profile and upload your resume today.

Saved Jobs
Job Saved
Find your saved jobs by scrolling over this star

Oh no!

You're fresh out of job post slots.